North Dakota State Investment Board Buys Shares of 13,879 Ingersoll Rand Inc. $IR

Posted by Brian Himes on May 21st, 2026

Ingersoll Rand logo North Dakota State Investment Board bought a new stake in shares of Ingersoll Rand Inc. (NYSE:IR – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 13,879 shares of the industrial products company’s stock, valued at approximately $1,099,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Capital International Investors grew its holdings in Ingersoll Rand by 18.5% during the 3rd quarter. Capital International Investors now owns 50,002,133 shares of the industrial products company’s stock valued at $4,131,157,000 after buying an additional 7,816,194 shares in the last quarter. Capital World Investors grew its holdings in shares of Ingersoll Rand by 19.2% during the third quarter. Capital World Investors now owns 31,787,657 shares of the industrial products company’s stock worth $2,626,296,000 after purchasing an additional 5,110,668 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of Ingersoll Rand by 14.3% during the third quarter. Capital Research Global Investors now owns 19,254,676 shares of the industrial products company’s stock worth $1,590,818,000 after purchasing an additional 2,406,183 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Ingersoll Rand by 8.3% during the third quarter. Franklin Resources Inc. now owns 14,404,452 shares of the industrial products company’s stock worth $1,190,096,000 after purchasing an additional 1,106,989 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of Ingersoll Rand by 0.4% during the third quarter. Fisher Asset Management LLC now owns 6,942,711 shares of the industrial products company’s stock worth $573,607,000 after purchasing an additional 28,787 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Stock Performance

NYSE:IR opened at $70.30 on Thursday. The business has a 50 day moving average of $80.39 and a 200 day moving average of $83.26. The company has a market capitalization of $27.51 billion, a price-to-earnings ratio of 47.50, a PEG ratio of 4.33 and a beta of 1.25. Ingersoll Rand Inc. has a 1-year low of $68.07 and a 1-year high of $100.96. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.23 and a quick ratio of 1.59.

Ingersoll Rand (NYSE:IR – Get Free Report) last released its earnings results on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.83 billion. Ingersoll Rand had a return on equity of 12.79% and a net margin of 7.54%.Ingersoll Rand’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. On average, sell-side analysts predict that Ingersoll Rand Inc. will post 3.37 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be given a $0.02 dividend. The ex-dividend date is Thursday, May 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Ingersoll Rand’s payout ratio is presently 5.41%.

Analysts Set New Price Targets

IR has been the subject of several recent analyst reports. Wall Street Zen lowered Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Evercore set a $84.00 price objective on Ingersoll Rand in a report on Monday, May 11th. Citigroup cut their price objective on Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Barclays cut their price objective on Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a report on Friday, March 27th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Ingersoll Rand has a consensus rating of “Hold” and an average target price of $93.38.

Read Our Latest Stock Analysis on Ingersoll Rand

Insider Buying and Selling

In other Ingersoll Rand news, CFO Vikram Kini sold 28,367 shares of the business’s stock in a transaction that occurred on 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Vicente Reynal sold 30,492 shares of the business’s stock in a transaction that occurred on 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. The trade was a 12.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 176,903 shares of company stock valued at $16,529,832 in the last 90 days. 0.49% of the stock is currently owned by corporate insiders.

About Ingersoll Rand

(Free Report)

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.