The Manufacturers Life Insurance Company acquired a new position in Ingersoll Rand Inc. (NYSE:IR – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 178,140 shares of the industrial products company’s stock, valued at approximately $14,606,000.
A number of other institutional investors have also added to or reduced their stakes in the company. Goodnow Investment Group LLC acquired a new stake in shares of Ingersoll Rand during the 2nd quarter worth approximately $21,445,000. Cibc World Market Inc. bought a new stake in shares of Ingersoll Rand in the 2nd quarter worth about $7,147,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Ingersoll Rand during the second quarter worth approximately $29,068,000. Osmosis Investment Management UK Ltd acquired a new stake in Ingersoll Rand during the 2nd quarter valued at $468,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Ingersoll Rand in the second quarter valued at about $2,304,000. 95.27% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on IR. Weiss Ratings upgraded shares of Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 21st. Robert W. Baird lifted their target price on shares of Ingersoll Rand from $103.00 to $109.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. 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 report on Monday, August 3rd. Wall Street Zen lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Finally, Evercore set a $84.00 price target on Ingersoll Rand in a research report on Monday, May 11th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $96.14.
Ingersoll Rand Stock Performance
Shares of IR opened at $78.52 on Friday. The stock has a market capitalization of $30.47 billion, a price-to-earnings ratio of 32.31, a PEG ratio of 4.97 and a beta of 1.17. The firm has a fifty day simple moving average of $82.02 and a 200 day simple moving average of $81.90. 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 Inc. has a 12 month low of $68.07 and a 12 month high of $100.96.
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, beating analysts’ consensus estimates of $0.83 by $0.03. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.96 billion. Ingersoll Rand had a return on equity of 12.90% and a net margin of 12.08%.Ingersoll Rand’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.80 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. Research analysts forecast that Ingersoll Rand Inc. will post 3.39 EPS for the current fiscal year.
Ingersoll Rand Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be paid a dividend of $0.02 per share. The ex-dividend date is Thursday, August 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand’s payout ratio is currently 3.29%.
Insider Transactions at Ingersoll Rand
In other Ingersoll Rand news, Director Aurobind Satpathy acquired 11,538 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was bought at an average cost of $86.68 per share, with a total value of $1,000,113.84. Following the completion of the transaction, the director directly owned 11,538 shares in the company, valued at approximately $1,000,113.84. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.49% of the stock is owned by corporate insiders.
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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