United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Acquires 88,415 Shares of Ingersoll Rand Inc. $IR

Key Points

• United Super Pty Ltd boosted its Ingersoll Rand stake by 39% in the fourth quarter, buying 88,415 more shares and bringing its total holding to 315,264 shares worth about $24.98 million.
• Ingersoll Rand reported strong quarterly results, with EPS of $0.77 topping estimates and revenue of $1.85 billion slightly above expectations; revenue also rose 7.6% year over year.
• The company declared a quarterly dividend of $0.02 per share, while analysts currently rate the stock a consensus Hold with an average price target of $93.38.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund raised its holdings in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 39.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 315,264 shares of the industrial products company's stock after acquiring an additional 88,415 shares during the quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned approximately 0.08% of Ingersoll Rand worth $24,975,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Torren Management LLC bought a new stake in Ingersoll Rand during the fourth quarter valued at about $32,000. Salomon & Ludwin LLC raised its holdings in Ingersoll Rand by 166.9% during the fourth quarter. Salomon & Ludwin LLC now owns 427 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 267 shares during the period. Westside Investment Management Inc. raised its holdings in Ingersoll Rand by 100.0% during the third quarter. Westside Investment Management Inc. now owns 464 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 232 shares during the period. ANTIPODES PARTNERS Ltd raised its holdings in Ingersoll Rand by 55.3% during the third quarter. ANTIPODES PARTNERS Ltd now owns 486 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 173 shares during the period. Finally, Hantz Financial Services Inc. raised its holdings in Ingersoll Rand by 106.4% during the third quarter. Hantz Financial Services Inc. now owns 584 shares of the industrial products company's stock valued at $48,000 after acquiring an additional 301 shares during the period. 95.27% of the stock is owned by institutional investors.

Ingersoll Rand Stock Up 0.0%

Shares of NYSE:IR opened at $70.97 on Friday. 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 Inc. has a 12 month low of $68.07 and a 12 month high of $100.96. The company has a 50-day moving average price of $78.86 and a 200 day moving average price of $83.00. The company has a market cap of $27.77 billion, a price-to-earnings ratio of 47.95, a PEG ratio of 4.48 and a beta of 1.25.

Ingersoll Rand (NYSE:IR - Get Free Report) last announced its quarterly earnings results 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. 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 the consensus estimate of $1.83 billion. During the same quarter last year, the firm earned $0.72 EPS. The firm'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. As a group, equities research analysts predict that Ingersoll Rand Inc. will post 3.37 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders 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 annualized dividend and a yield of 0.1%. Ingersoll Rand's dividend payout ratio (DPR) is presently 5.41%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on IR. Weiss Ratings restated a "hold (c)" rating on shares of Ingersoll Rand in a research report on Friday, March 27th. Stifel Nicolaus cut their price objective on Ingersoll Rand from $101.00 to $90.00 and set a "hold" rating for the company in a research report on Tuesday, April 14th. Barclays cut their price objective on Ingersoll Rand from $100.00 to $95.00 and set an "overweight" rating for the company in a research report on Thursday, April 30th. Robert W. Baird set a $103.00 price objective on Ingersoll Rand in a research report on Thursday, April 30th. Finally, Wells Fargo & Company cut their price objective on Ingersoll Rand from $90.00 to $88.00 and set an "overweight" 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. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $93.38.

Insider Transactions at Ingersoll Rand

In other Ingersoll Rand news, insider Vicente Reynal sold 30,492 shares of the firm's stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $88.00, for a total value of $2,683,296.00. Following the completion of the sale, the insider owned 209,534 shares of the company's stock, valued at $18,438,992. This trade represents a 12.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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.

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