Sumitomo Mitsui DS Asset Management Company Ltd Acquires 448 Shares of Ingersoll Rand Inc. (NYSE:IR)

03 Jul 2025, 09:52 by Tristan Rich · The Markets Daily

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Ingersoll Rand Inc. (NYSE:IR – Free Report) by 0.6% in the first quarter, Holdings Channel reports. The fund owned 70,954 shares of the industrial products company’s stock after purchasing an additional 448 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Ingersoll Rand were worth $5,678,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC purchased a new position in Ingersoll Rand during the fourth quarter worth $131,000. QRG Capital Management Inc. boosted its stake in shares of Ingersoll Rand by 9.8% during the 4th quarter. QRG Capital Management Inc. now owns 7,009 shares of the industrial products company’s stock worth $634,000 after purchasing an additional 628 shares during the period. SVB Wealth LLC bought a new position in Ingersoll Rand during the 4th quarter valued at about $218,000. Smartleaf Asset Management LLC raised its position in Ingersoll Rand by 33.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,987 shares of the industrial products company’s stock worth $180,000 after purchasing an additional 497 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in Ingersoll Rand by 141.5% in the fourth quarter. Jones Financial Companies Lllp now owns 4,871 shares of the industrial products company’s stock worth $441,000 after purchasing an additional 2,854 shares during the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Insiders Place Their Bets

In related news, insider Vicente Reynal sold 38,657 shares of the company’s stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $83.03, for a total transaction of $3,209,690.71. Following the completion of the sale, the insider directly owned 193,186 shares in the company, valued at $16,040,233.58. This represents a 16.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Elizabeth Meloy Hepding sold 3,500 shares of Ingersoll Rand stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $83.78, for a total value of $293,230.00. Following the completion of the transaction, the insider owned 10,986 shares in the company, valued at $920,407.08. This trade represents a 24.16% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.59% of the company’s stock.

Ingersoll Rand Stock Up 1.4%

NYSE:IR opened at $86.46 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.38 and a quick ratio of 1.76. Ingersoll Rand Inc. has a 1-year low of $65.61 and a 1-year high of $106.03. The company has a 50-day moving average of $81.13 and a 200 day moving average of $83.66. The firm has a market cap of $34.88 billion, a PE ratio of 42.80, a price-to-earnings-growth ratio of 3.59 and a beta of 1.43.

Ingersoll Rand (NYSE:IR – Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.02). The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Ingersoll Rand had a return on equity of 12.33% and a net margin of 11.30%. Ingersoll Rand’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.78 EPS. As a group, research analysts anticipate that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand declared that its board has approved a stock repurchase program on Thursday, May 1st that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the industrial products company to reacquire up to 3.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Ingersoll Rand Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th were issued a $0.02 dividend. The ex-dividend date was Thursday, May 15th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.09%. Ingersoll Rand’s dividend payout ratio is presently 3.96%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on IR. Citigroup upped their target price on Ingersoll Rand from $88.00 to $91.00 and gave the company a “buy” rating in a research note on Monday, May 5th. Barclays reduced their target price on Ingersoll Rand from $93.00 to $85.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. Stifel Nicolaus lowered their target price on shares of Ingersoll Rand from $94.00 to $77.00 and set a “hold” rating for the company in a research note on Monday, April 14th. Finally, Wells Fargo & Company raised their price target on shares of Ingersoll Rand from $86.00 to $95.00 and gave the stock an “overweight” rating in a research note on Tuesday. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $98.70.

Read Our Latest Stock Analysis on Ingersoll Rand

Ingersoll Rand Profile

(Free Report)

Ingersoll Rand Inc provides various mission-critical air, gas, liquid, and solid flow creation technologies services and solutions worldwide. It operates through two segments, Industrial Technologies and Services, and Precision and Science Technologies. The Industrial Technologies and Services segment designs, manufactures, markets, and services air and gas compression, vacuum, and blower products; fluid transfer equipment and loading systems; and power tools and lifting equipment, including associated aftermarket parts, consumables, air treatment equipment, controls, other accessories, and services under the under the Ingersoll Rand, Gardner Denver, Nash, CompAir, Elmo Rietschle brands, etc.