Ingersoll Rand Inc. $IR Shares Sold by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC lowered its position in Ingersoll Rand Inc. (NYSE:IRFree Report) by 13.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 294,105 shares of the industrial products company’s stock after selling 47,212 shares during the quarter. Susquehanna Fundamental Investments LLC owned 0.08% of Ingersoll Rand worth $24,114,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Moore Capital Management LP acquired a new position in shares of Ingersoll Rand in the second quarter worth $9,223,000. Two Sigma Securities LLC purchased a new position in shares of Ingersoll Rand during the 2nd quarter worth about $1,488,000. Alyeska Investment Group L.P. acquired a new position in shares of Ingersoll Rand in the 2nd quarter valued at $23,448,000. Flputnam Investment Management Co. acquired a new position in Ingersoll Rand in the second quarter valued at $2,178,000. Finally, New Mexico Educational Retirement Board raised its holdings in shares of Ingersoll Rand by 7.9% in the 2nd quarter. New Mexico Educational Retirement Board now owns 17,704 shares of the industrial products company’s stock worth $1,452,000 after purchasing an additional 1,300 shares during the period. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Ingersoll Rand Stock Down 0.1%

NYSE IR opened at $78.52 on Monday. The stock has a market cap of $30.47 billion, a PE ratio of 32.31, a P/E/G ratio of 4.94 and a beta of 1.17. Ingersoll Rand Inc. has a fifty-two week low of $68.07 and a fifty-two week high of $100.96. The business has a 50 day moving average price of $82.02 and a two-hundred day moving average price of $81.78. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 0.40.

Ingersoll Rand (NYSE:IRGet Free Report) last posted its 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 business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. As a group, sell-side analysts predict that Ingersoll Rand Inc. will post 3.39 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be issued a $0.02 dividend. The ex-dividend date is Thursday, August 13th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Ingersoll Rand’s payout ratio is currently 3.29%.

Insiders Place Their Bets

In other Ingersoll Rand news, Director Aurobind Satpathy bought 11,538 shares of the stock in a transaction dated Monday, August 3rd. The stock was bought at an average cost of $86.68 per share, for a total transaction of $1,000,113.84. Following the completion of the purchase, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.49% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on IR. Morgan Stanley set a $87.00 price target on shares of Ingersoll Rand in a report on Monday, August 10th. Evercore set a $84.00 target price on shares of Ingersoll Rand in a research note on Monday, May 11th. Weiss Ratings upgraded shares of Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. Stifel Nicolaus raised shares of Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a research report on Monday, August 3rd. Finally, Wall Street Zen downgraded Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $96.14.

Check Out Our Latest Report on Ingersoll Rand

About Ingersoll Rand

(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.

See Also

Institutional Ownership by Quarter for Ingersoll Rand (NYSE:IR)

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