SEB Asset Management AB Acquires Shares of 76,277 Ingersoll Rand Inc. $IR

SEB Asset Management AB bought a new stake in shares of Ingersoll Rand Inc. (NYSE:IR) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 76,277 shares of the industrial products company’s stock, valued at approximately $6,111,000.

A number of other hedge funds have also bought and sold shares of IR. Capital International Investors lifted its holdings in shares of Ingersoll Rand by 4.7% in the 4th quarter. Capital International Investors now owns 52,353,914 shares of the industrial products company’s stock worth $4,147,878,000 after acquiring an additional 2,351,781 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in Ingersoll Rand by 18.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 21,791,309 shares of the industrial products company’s stock worth $1,726,308,000 after purchasing an additional 3,423,501 shares during the last quarter. Capital Research Global Investors boosted its position in shares of Ingersoll Rand by 1.2% during the fourth quarter. Capital Research Global Investors now owns 19,476,801 shares of the industrial products company’s stock valued at $1,543,017,000 after buying an additional 222,125 shares during the period. Franklin Resources Inc. raised its holdings in shares of Ingersoll Rand by 8.6% in the fourth quarter. Franklin Resources Inc. now owns 15,641,979 shares of the industrial products company’s stock worth $1,239,158,000 after buying an additional 1,237,527 shares during the period. Finally, State Street Corp lifted its stake in shares of Ingersoll Rand by 0.9% during the 4th quarter. State Street Corp now owns 15,458,763 shares of the industrial products company’s stock worth $1,224,643,000 after acquiring an additional 137,325 shares during the last quarter. Institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Trading Up 0.9%

NYSE IR opened at $80.94 on Wednesday. The company has a market capitalization of $31.67 billion, a price-to-earnings ratio of 54.69, a price-to-earnings-growth ratio of 5.07 and a beta of 1.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 2.23. Ingersoll Rand Inc. has a one year low of $68.07 and a one year high of $100.96. The company’s 50-day simple moving average is $75.78 and its two-hundred day simple moving average is $82.56.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.74 by $0.03. Ingersoll Rand had a net margin of 7.54% and a return on equity of 12.79%. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the previous year, the business posted $0.72 EPS. Ingersoll Rand’s revenue was up 7.6% on a year-over-year basis. 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 business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were issued a $0.02 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Ingersoll Rand’s dividend payout ratio (DPR) is currently 5.41%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on IR shares. Citigroup cut their price objective on Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Stifel Nicolaus cut their price target on shares of Ingersoll Rand from $85.00 to $84.00 and set a “hold” rating on the stock in a report on Monday. Evercore set a $84.00 price target on shares of Ingersoll Rand in a research note on Monday, May 11th. Robert W. Baird set a $103.00 price objective on shares of Ingersoll Rand in a report on Thursday, April 30th. Finally, Weiss Ratings cut shares of Ingersoll Rand from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Ingersoll Rand has an average rating of “Moderate Buy” and an average target price of $91.86.

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.