BlackRock Amends Ingersoll Rand Stake, Maintains Significant Holding
Ticker: IR · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 1699150
| Field | Detail |
|---|---|
| Company | Ingersoll Rand Inc. (IR) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns a big chunk of Ingersoll Rand, good sign for the stock!**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, disclosing its ownership of Ingersoll Rand Inc. common stock as of December 31, 2023. This filing, Amendment No. 3, indicates BlackRock continues to be a significant institutional holder, which can provide stability and confidence to other investors. For current or prospective shareholders, this means a major institutional investor maintains a substantial stake, suggesting continued belief in Ingersoll Rand's long-term prospects.
Why It Matters
This filing confirms BlackRock's continued substantial investment in Ingersoll Rand, signaling institutional confidence in the company's performance and future outlook.
Risk Assessment
Risk Level: low — This filing is routine and indicates stable institutional ownership, posing minimal risk to investors.
Analyst Insight
Investors should view this as a routine update confirming continued institutional interest, rather than a signal for immediate action. It reinforces the stability of Ingersoll Rand's shareholder base.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Ingersoll Rand Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
- 45687V106 (other) — the CUSIP number for Ingersoll Rand Inc. Common Stock
Forward-Looking Statements
- BlackRock will maintain a significant ownership stake in Ingersoll Rand Inc. throughout 2024. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., a security broker, dealer, and flotation company based in New York, NY.
What company's securities are the subject of this filing?
The subject company whose securities are being reported is Ingersoll Rand Inc., a general industrial machinery and equipment company based in Davidson, NC.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of Ingersoll Rand Inc. is 45687V106.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding Ingersoll Rand Inc. (IR).