M&T Bank Corp Has $794,000 Holdings in Ingersoll Rand Inc. $IR

Key Points

• M&T Bank Corp cut its stake in Ingersoll Rand by 66.1% in Q4, selling 18,878 shares and leaving it with 9,693 shares valued at $794,000 as of the latest 13F filing.
• Heavy insider selling: CFO Vikram Kini sold 28,367 shares for ~$2.74M, and insiders have sold 424,263 shares worth ~$40.83M over the past 90 days, leaving corporate insiders with just 0.59% ownership.
• Operational update and outlook: Ingersoll Rand beat Q results (EPS $0.77 vs. $0.74; revenue $1.85B, +7.6% YoY), set FY2026 guidance of $3.45–$3.57 EPS, announced a $0.02 quarterly dividend (annual $0.08, 0.1% yield), while analysts have trimmed price targets and the consensus rating is "Hold" (PT $94.71).

M&T Bank Corp lessened its stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 66.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,693 shares of the industrial products company's stock after selling 18,878 shares during the period. M&T Bank Corp's holdings in Ingersoll Rand were worth $794,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in IR. Nordea Investment Management AB grew its position in shares of Ingersoll Rand by 12.3% in the 3rd quarter. Nordea Investment Management AB now owns 2,018,638 shares of the industrial products company's stock worth $165,811,000 after buying an additional 220,815 shares during the last quarter. Hudson Bay Capital Management LP bought a new stake in shares of Ingersoll Rand in the 3rd quarter worth approximately $1,533,000. National Pension Service grew its position in shares of Ingersoll Rand by 2.7% in the 3rd quarter. National Pension Service now owns 617,981 shares of the industrial products company's stock worth $51,058,000 after buying an additional 16,084 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Ingersoll Rand by 79.0% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 28,411 shares of the industrial products company's stock worth $2,347,000 after buying an additional 12,539 shares during the last quarter. Finally, Varma Mutual Pension Insurance Co grew its position in shares of Ingersoll Rand by 8.8% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 154,664 shares of the industrial products company's stock worth $12,778,000 after buying an additional 12,500 shares during the last quarter. Institutional investors own 95.27% of the company's stock.

Insider Transactions at Ingersoll Rand

In other news, CFO Vikram Kini sold 28,367 shares of the company's stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $96.50, for a total value of $2,737,415.50. Following the completion of the transaction, the chief financial officer owned 98,517 shares of the company's stock, valued at $9,506,890.50. This represents a 22.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Elizabeth Meloy Hepding sold 18,246 shares of the business's stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $97.11, for a total value of $1,771,869.06. Following the completion of the sale, the insider owned 16,200 shares in the company, valued at $1,573,182. This represents a 52.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 424,263 shares of company stock valued at $40,828,923. 0.59% of the stock is owned by corporate insiders.

Ingersoll Rand Stock Down 2.5%

IR stock opened at $77.89 on Friday. The stock has a market capitalization of $30.48 billion, a P/E ratio of 52.63, a P/E/G ratio of 5.01 and a beta of 1.25. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.23 and a quick ratio of 1.49. Ingersoll Rand Inc. has a 1-year low of $72.45 and a 1-year high of $100.96. The business has a fifty day moving average price of $84.96 and a 200-day moving average price of $83.63.

Ingersoll Rand (NYSE:IR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.03. The company had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.83 billion. Ingersoll Rand had a return on equity of 12.79% and a net margin of 7.54%.Ingersoll Rand's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.72 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Equities analysts forecast that Ingersoll Rand Inc. will post 3.4 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be paid a $0.02 dividend. The ex-dividend date of this dividend is 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 is 5.41%.

Analyst Ratings Changes

Several research firms recently weighed in on IR. Citigroup dropped their price target on Ingersoll Rand from $113.00 to $109.00 and set a "buy" rating on the stock in a research report on Thursday. Stifel Nicolaus dropped 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. Barclays dropped their price target on Ingersoll Rand from $100.00 to $95.00 and set an "overweight" rating on the stock in a research report on Thursday. Wells Fargo & Company dropped their price target on Ingersoll Rand from $90.00 to $88.00 and set an "overweight" rating on the stock in a research report on Thursday. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Ingersoll Rand in a research report on Friday, March 27th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $94.71.

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.

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