Russell Investments Group Ltd. Buys 45,721 Shares of Ingersoll Rand Inc. $IR

Key Points

• Russell Investments increased its stake in Ingersoll Rand by 13.5%, buying 45,721 shares to hold 383,757 shares (about 0.10% of the company) valued at roughly $31.7 million per its latest SEC filing.
• Ingersoll Rand beat the quarter's estimates with $0.96 EPS vs. $0.90 expected and 10.1% revenue growth, set FY‑2026 guidance of $3.45–$3.57 EPS, while analysts maintain a consensus “Hold” and a $101.86 price target.
• Insiders sold 584,771 shares (~$54.98 million) over the past three months, including a 191,000‑share sale by Vicente Reynal, reducing insider ownership to about 0.59%.

Russell Investments Group Ltd. increased its stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 13.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 383,757 shares of the industrial products company's stock after acquiring an additional 45,721 shares during the period. Russell Investments Group Ltd. owned about 0.10% of Ingersoll Rand worth $31,702,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Heartwood Wealth Advisors LLC bought a new stake in Ingersoll Rand during the third quarter worth about $36,000. Grey Fox Wealth Advisors LLC bought a new position in shares of Ingersoll Rand during the 3rd quarter valued at about $36,000. Westside Investment Management Inc. increased its position in shares of Ingersoll Rand by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 464 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 232 shares during the last quarter. ANTIPODES PARTNERS Ltd raised its holdings in shares of Ingersoll Rand by 55.3% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 486 shares of the industrial products company's stock valued at $40,000 after buying an additional 173 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its position in Ingersoll Rand by 106.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 584 shares of the industrial products company's stock worth $48,000 after buying an additional 301 shares during the last quarter. Hedge funds and other institutional investors own 95.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on IR. Zacks Research raised Ingersoll Rand from a "strong sell" rating to a "hold" rating in a research note on Friday, December 12th. Weiss Ratings restated a "hold (c)" rating on shares of Ingersoll Rand in a report on Monday, December 29th. Barclays upped their price objective on shares of Ingersoll Rand from $91.00 to $111.00 and gave the company an "overweight" rating in a research note on Tuesday, February 17th. Wells Fargo & Company increased their target price on shares of Ingersoll Rand from $92.00 to $110.00 and gave the company an "overweight" rating in a report on Tuesday, February 17th. Finally, Stifel Nicolaus boosted their price target on shares of Ingersoll Rand from $87.00 to $101.00 and gave the stock a "hold" rating in a research note on Tuesday, February 17th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Ingersoll Rand has a consensus rating of "Hold" and a consensus price target of $101.86.

Ingersoll Rand Stock Down 4.6%

Shares of NYSE IR opened at $81.27 on Friday. The firm has a fifty day simple moving average of $90.24 and a two-hundred day simple moving average of $83.14. Ingersoll Rand Inc. has a 12 month low of $65.61 and a 12 month high of $100.96. The company has a current ratio of 2.06, a quick ratio of 1.49 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $31.82 billion, a PE ratio of 56.04, a price-to-earnings-growth ratio of 5.26 and a beta of 1.29.

Ingersoll Rand (NYSE:IR - Get Free Report) last announced its earnings results on Thursday, February 12th. The industrial products company reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.06. Ingersoll Rand had a net margin of 7.60% and a return on equity of 12.62%. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the previous year, the firm posted $0.84 EPS. The company's revenue for the quarter was up 10.1% compared to the same quarter last year. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Equities analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Wednesday, March 4th will be issued a dividend of $0.02 per share. The ex-dividend date is Wednesday, March 4th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Ingersoll Rand's dividend payout ratio is 5.52%.

Insider Activity

In other news, insider Vicente Reynal sold 191,000 shares of the stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $88.12, for a total value of $16,830,920.00. Following the completion of the transaction, the insider owned 193,186 shares of the company's stock, valued at approximately $17,023,550.32. This represents a 49.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Michael J. Scheske sold 19,122 shares of the firm's stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $97.67, for a total value of $1,867,645.74. Following the completion of the transaction, the chief accounting officer owned 12,153 shares of the company's stock, valued at approximately $1,186,983.51. The trade was a 61.14% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 584,771 shares of company stock worth $54,976,547. Company insiders own 0.59% of the company's stock.

Ingersoll Rand Company 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.

Want to see what other hedge funds are holding IR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ingersoll Rand Inc. (NYSE:IR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.