Parnassus Investments LLC Buys New Position in Ingersoll Rand Inc. $IR

Posted by Brenda Bartman on Jun 12th, 2026

Ingersoll Rand logo Parnassus Investments LLC bought a new stake in Ingersoll Rand Inc. (NYSE:IR – Free Report) during the fourth quarter, Holdings Channel.com reports. The fund bought 620,664 shares of the industrial products company’s stock, valued at approximately $49,169,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Deseret Mutual Benefit Administrators raised its stake in Ingersoll Rand by 46.9% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 112 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new stake in Ingersoll Rand in the fourth quarter valued at approximately $29,000. Torren Management LLC purchased a new stake in Ingersoll Rand in the fourth quarter valued at approximately $32,000. Salomon & Ludwin LLC raised its stake in Ingersoll Rand by 166.9% in the fourth quarter. Salomon & Ludwin LLC now owns 427 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 267 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd raised its stake in Ingersoll Rand by 55.3% in the third quarter. ANTIPODES PARTNERS Ltd now owns 486 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 173 shares in the last quarter. 95.27% of the stock is owned by hedge funds and other institutional investors.

Ingersoll Rand Trading Up 3.8%

IR stock opened at $73.14 on Friday. The company has a market capitalization of $28.62 billion, a PE ratio of 49.42, a price-to-earnings-growth ratio of 4.45 and a beta of 1.19. Ingersoll Rand Inc. has a one year low of $68.07 and a one year high of $100.96. The company’s 50 day moving average price is $77.00 and its two-hundred day moving average price is $82.73. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 2.23.

Ingersoll Rand (NYSE:IR – Get Free Report) last issued its earnings results on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter last year, the business earned $0.72 earnings per share. The business’s revenue was up 7.6% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. As a group, analysts predict that Ingersoll Rand Inc. will post 3.37 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were issued a $0.02 dividend. The ex-dividend date was Thursday, May 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand’s dividend payout ratio (DPR) is currently 5.41%.

Insider Activity

In other news, insider Vicente Reynal sold 30,492 shares of the firm’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 transaction, the insider owned 209,534 shares in the company, valued at approximately $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 accessible through this hyperlink. Corporate insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on IR shares. Stifel Nicolaus decreased their price target on shares of Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating on the stock in a research note on Tuesday, April 14th. Evercore set a $84.00 price target on shares of Ingersoll Rand in a research note on Monday, May 11th. Barclays decreased their price target on shares of Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Citigroup decreased their price target on shares of Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Finally, Wells Fargo & Company decreased their price target on shares of Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Ingersoll Rand has an average rating of “Hold” and a consensus price target of $92.75.

Get Our Latest Analysis on IR

Ingersoll Rand 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.