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Beacon Pointe Advisors LLC bought a new stake in Ingersoll Rand Inc. (NYSE:IR – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,144 shares of the industrial products company’s stock, valued at approximately $668,000.Several other hedge funds also recently modified their holdings of IR. AQR Capital Management LLC grew its position in Ingersoll Rand by 12.7% in the 1st quarter. AQR Capital Management LLC now owns 37,078 shares of the industrial products company’s stock worth $2,904,000 after purchasing an additional 4,167 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Ingersoll Rand by 4.8% during the 1st quarter. NewEdge Advisors LLC now owns 6,168 shares of the industrial products company’s stock worth $494,000 after buying an additional 282 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Ingersoll Rand by 6.2% during the 1st quarter. Empowered Funds LLC now owns 7,731 shares of the industrial products company’s stock worth $619,000 after buying an additional 454 shares in the last quarter. Woodline Partners LP purchased a new position in shares of Ingersoll Rand in the 1st quarter worth approximately $643,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Ingersoll Rand by 663.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 74,615 shares of the industrial products company’s stock valued at $6,206,000 after acquiring an additional 64,838 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.
Ingersoll Rand Price Performance Ingersoll Rand stock opened at $77.13 on Tuesday. The business’s 50 day simple moving average is $82.00 and its 200 day simple moving average is $81.64. Ingersoll Rand Inc. has a 12 month low of $68.07 and a 12 month high of $100.96. The company has a market cap of $29.93 billion, a price-to-earnings ratio of 31.74, a PEG ratio of 4.94 and a beta of 1.17. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.40.
Ingersoll Rand (NYSE:IR – Get Free Report) last released its earnings results on Thursday, July 30th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. Ingersoll Rand had a return on equity of 12.90% and a net margin of 12.08%.The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the business posted $0.80 earnings per share. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. Sell-side analysts forecast that Ingersoll Rand Inc. will post 3.39 EPS for the current year. Ingersoll Rand Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Thursday, August 13th. Ingersoll Rand’s payout ratio is currently 3.29%.
Insider Buying and Selling In other Ingersoll Rand news, Director Aurobind Satpathy acquired 11,538 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were acquired at an average cost of $86.68 per share, with a total value of $1,000,113.84. Following the completion of the acquisition, the director directly owned 11,538 shares in the company, valued at $1,000,113.84. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.49% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades A number of analysts recently commented on IR shares. Weiss Ratings raised Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 21st. Stifel Nicolaus upgraded Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a research note on Monday, August 3rd. Wall Street Zen lowered Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Robert W. Baird lifted their target price on Ingersoll Rand from $103.00 to $109.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Finally, Morgan Stanley set a $87.00 price target on shares of Ingersoll Rand in a research report on Monday, August 10th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $96.14.
Check Out Our Latest Stock Report on Ingersoll Rand
Ingersoll Rand Company Profile (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.
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