Swiss National Bank Sells 57,200 Shares of Ingersoll Rand Inc. $IR

Key Points

• Swiss National Bank trimmed its Ingersoll Rand stake by 4.7% in Q3, selling 57,200 shares and leaving it with 1,162,980 shares (about 0.29% of the company) valued at roughly $96.1 million.
• Ingersoll Rand beat quarterly estimates with $0.96 EPS (vs. $0.90 est.) and $2.09B revenue (vs. $2.04B est.), and set FY2026 guidance of 3.45–3.57 EPS.
• Insiders have been sizable net sellers—584,771 shares worth about $54.98 million were sold in the last quarter, leaving corporate insiders with just 0.68% ownership.

Swiss National Bank lowered its stake in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 4.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,162,980 shares of the industrial products company's stock after selling 57,200 shares during the period. Swiss National Bank owned 0.29% of Ingersoll Rand worth $96,085,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in IR. Vanguard Group Inc. boosted its stake in Ingersoll Rand by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 47,128,533 shares of the industrial products company's stock worth $3,920,151,000 after purchasing an additional 859,062 shares during the period. State Street Corp grew its stake in Ingersoll Rand by 1.5% during the second quarter. State Street Corp now owns 16,514,718 shares of the industrial products company's stock valued at $1,373,694,000 after acquiring an additional 239,779 shares in the last quarter. Franklin Resources Inc. increased its holdings in Ingersoll Rand by 4.5% during the 2nd quarter. Franklin Resources Inc. now owns 13,297,463 shares of the industrial products company's stock worth $1,106,083,000 after acquiring an additional 574,437 shares during the period. Geode Capital Management LLC lifted its stake in Ingersoll Rand by 2.1% in the 2nd quarter. Geode Capital Management LLC now owns 10,190,572 shares of the industrial products company's stock worth $844,028,000 after purchasing an additional 211,316 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in Ingersoll Rand by 0.4% in the 3rd quarter. Fisher Asset Management LLC now owns 6,942,711 shares of the industrial products company's stock valued at $573,607,000 after purchasing an additional 28,787 shares during the period. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingersoll Rand Trading Down 0.2%

NYSE IR opened at $86.49 on Wednesday. The stock's 50-day simple moving average is $90.08 and its two-hundred day simple moving average is $83.14. Ingersoll Rand Inc. has a twelve month low of $65.61 and a twelve month high of $100.96. The company has a quick ratio of 1.49, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $33.87 billion, a price-to-earnings ratio of 59.65, a PEG ratio of 5.35 and a beta of 1.29.

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

Ingersoll Rand Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on IR shares. Stifel Nicolaus upped their price target on shares of Ingersoll Rand from $87.00 to $101.00 and gave the stock a "hold" rating in a report on Tuesday, February 17th. Robert W. Baird set a $115.00 target price on Ingersoll Rand in a research report on Tuesday, February 17th. Zacks Research upgraded Ingersoll Rand from a "strong sell" rating to a "hold" rating in a research note on Friday, December 12th. Wells Fargo & Company raised their price target on Ingersoll Rand from $92.00 to $110.00 and gave the company an "overweight" rating in a report on Tuesday, February 17th. Finally, Citigroup boosted their price objective on Ingersoll Rand from $94.00 to $98.00 and gave the stock a "buy" rating in a report on Monday, January 12th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $101.86.

Insider Transactions at Ingersoll Rand

In other news, insider Kathleen M. Keene sold 12,000 shares of the company's stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $99.46, for a total value of $1,193,520.00. Following the completion of the sale, the insider owned 3,528 shares of the company's stock, valued at approximately $350,894.88. This represents a 77.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Vikram Kini sold 28,367 shares of Ingersoll Rand stock in a transaction on Friday, February 20th. The stock was sold at an average price of $96.50, for a total transaction of $2,737,415.50. Following the completion of the transaction, the chief financial officer owned 98,517 shares in the company, valued at approximately $9,506,890.50. The trade was a 22.36% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 584,771 shares of company stock worth $54,976,547. Corporate insiders own 0.68% of the company's stock.

About Ingersoll Rand

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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