Ingersoll Rand Inc. $IR Shares Purchased by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 38.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 130,512 shares of the industrial products company’s stock after acquiring an additional 36,500 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Ingersoll Rand were worth $10,457,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of IR. Hudson Bay Capital Management LP purchased a new position in Ingersoll Rand in the 3rd quarter valued at approximately $1,533,000. Nordea Investment Management AB grew its stake in shares of Ingersoll Rand by 9.9% in the fourth quarter. Nordea Investment Management AB now owns 2,219,327 shares of the industrial products company’s stock worth $177,324,000 after acquiring an additional 200,689 shares in the last quarter. Capital International Sarl increased its position in shares of Ingersoll Rand by 38.2% during the third quarter. Capital International Sarl now owns 485,356 shares of the industrial products company’s stock worth $40,100,000 after acquiring an additional 134,035 shares during the period. Capital International Ltd. CA increased its position in shares of Ingersoll Rand by 43.8% during the third quarter. Capital International Ltd. CA now owns 214,251 shares of the industrial products company’s stock worth $17,701,000 after acquiring an additional 65,236 shares during the period. Finally, Swiss Life Asset Management Ltd raised its stake in shares of Ingersoll Rand by 29.5% in the third quarter. Swiss Life Asset Management Ltd now owns 89,431 shares of the industrial products company’s stock valued at $7,389,000 after acquiring an additional 20,381 shares in the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.

Ingersoll Rand Price Performance

Shares of IR opened at $80.61 on Friday. The firm has a market capitalization of $31.54 billion, a price-to-earnings ratio of 54.46, a PEG ratio of 5.10 and a beta of 1.17. The firm’s fifty day simple moving average is $75.58 and its 200-day simple moving average is $82.60. Ingersoll Rand Inc. has a twelve month low of $68.07 and a twelve month high of $100.96. The company has a current ratio of 2.23, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47.

Ingersoll Rand (NYSE:IR) last posted its earnings results on Tuesday, April 28th. The industrial products company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.74 by $0.03. Ingersoll Rand had a return on equity of 12.79% and a net margin of 7.54%.The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. Ingersoll Rand’s revenue for the quarter was up 7.6% compared to the same quarter last year. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Equities analysts forecast that Ingersoll Rand Inc. will post 3.37 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, May 14th. Ingersoll Rand’s dividend payout ratio (DPR) is 5.41%.

Analysts Set New Price Targets

IR has been the subject of a number of recent research reports. Robert W. Baird set a $103.00 target price on Ingersoll Rand in a report on Thursday, April 30th. Evercore set a $84.00 price target on Ingersoll Rand in a report on Monday, May 11th. Stifel Nicolaus reduced their price target on Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating on the stock in a research report on Tuesday, April 14th. Morgan Stanley decreased their price objective on Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 3rd. Finally, Citigroup lowered their price objective on Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $92.75.

Insiders Place Their Bets

In related news, insider Vicente Reynal sold 30,492 shares of the company’s stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $88.00, for a total value of $2,683,296.00. Following the completion of the transaction, the insider directly owned 209,534 shares of the company’s stock, valued at $18,438,992. This represents a 12.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.49% of the stock is currently owned by insiders.

Ingersoll Rand Profile

Ingersoll Rand is a diversified industrial company that designs, manufactures and services a wide range of equipment and technologies for commercial, industrial and OEM customers. Its product portfolio includes air compressors and compressed air systems, pneumatic and cordless power tools, material handling and lifting equipment, fluid transfer and pumping solutions, and associated aftermarket parts and service offerings. The company’s products support applications across manufacturing, construction, transportation, oil and gas, mining and general industrial markets.

Ingersoll Rand sells through a combination of direct sales, distributor networks and service channels, delivering both capital equipment and recurring aftermarket revenue from parts, maintenance and service contracts.