Jupiter Topco LLC acquired a new position in Ingersoll Rand Inc. (NYSE:IR – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,679,206 shares of the industrial products company’s stock, valued at approximately $547,628,000. Jupiter Topco LLC owned approximately 1.72% of Ingersoll Rand at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in IR. Deseret Mutual Benefit Administrators increased its position in Ingersoll Rand by 46.9% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock valued at $28,000 after buying an additional 112 shares in the last quarter. Sumitomo Life Insurance Co. grew its stake in shares of Ingersoll Rand by 0.7% in the fourth quarter. Sumitomo Life Insurance Co. now owns 21,284 shares of the industrial products company’s stock worth $1,686,000 after acquiring an additional 138 shares during the last quarter. Groupama Asset Managment increased its holdings in shares of Ingersoll Rand by 1.7% during the fourth quarter. Groupama Asset Managment now owns 8,146 shares of the industrial products company’s stock valued at $645,000 after acquiring an additional 140 shares in the last quarter. Andina Capital Management LLC raised its position in shares of Ingersoll Rand by 2.6% in the 4th quarter. Andina Capital Management LLC now owns 5,628 shares of the industrial products company’s stock worth $446,000 after purchasing an additional 145 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its position in shares of Ingersoll Rand by 6.4% in the 1st quarter. Chicago Partners Investment Group LLC now owns 2,658 shares of the industrial products company’s stock worth $222,000 after purchasing an additional 160 shares during the last quarter. Institutional investors own 95.27% of the company’s stock.
Insider Activity
In other news, Director Aurobind Satpathy acquired 11,538 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was bought at an average price 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 of the company’s stock, valued at approximately $1,000,113.84. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.49% of the stock is currently owned by company insiders.
Ingersoll Rand Price Performance
Ingersoll Rand (NYSE:IR – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.96 billion. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.80 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. As a group, analysts predict that Ingersoll Rand Inc. will post 3.39 EPS for the current year.
Ingersoll Rand Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders 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 dividend yield of 0.1%. The ex-dividend date is Thursday, August 13th. Ingersoll Rand’s dividend payout ratio (DPR) is 3.29%.
Wall Street Analyst Weigh In
A number of research firms have weighed in on IR. Morgan Stanley set a $87.00 price objective on shares of Ingersoll Rand in a research note on Monday, August 10th. Evercore set a $84.00 price target on shares of Ingersoll Rand in a report on Monday, May 11th. Wall Street Zen downgraded shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Wells Fargo & Company decreased their price objective on shares of Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Finally, Barclays lowered their price objective on Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ingersoll Rand currently has an average rating of “Moderate Buy” and an average target price of $96.14.
Check Out Our Latest Research Report on Ingersoll Rand
Ingersoll Rand Profile
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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