Tidal Investments LLC Buys 33,175 Shares of Ingersoll Rand Inc. $IR

Tidal Investments LLC lifted its stake in shares of Ingersoll Rand Inc. (NYSE:IRFree Report) by 20.0% during the second quarter, Holdings Channel.com reports. The firm owned 199,302 shares of the industrial products company’s stock after buying an additional 33,175 shares during the period. Tidal Investments LLC’s holdings in Ingersoll Rand were worth $16,341,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Deseret Mutual Benefit Administrators raised its position in shares of Ingersoll Rand by 46.9% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 112 shares during the last quarter. Sumitomo Life Insurance Co. raised its holdings in Ingersoll Rand by 0.7% during the 4th quarter. Sumitomo Life Insurance Co. now owns 21,284 shares of the industrial products company’s stock worth $1,686,000 after purchasing an additional 138 shares during the last quarter. Groupama Asset Managment boosted its stake in shares of Ingersoll Rand by 1.7% in the 4th quarter. Groupama Asset Managment now owns 8,146 shares of the industrial products company’s stock valued at $645,000 after purchasing an additional 140 shares during the last quarter. Andina Capital Management LLC grew its position in shares of Ingersoll Rand by 2.6% during the 4th quarter. Andina Capital Management LLC now owns 5,628 shares of the industrial products company’s stock worth $446,000 after buying an additional 145 shares during the period. Finally, Chicago Partners Investment Group LLC raised its stake in shares of Ingersoll Rand by 6.4% during the first quarter. Chicago Partners Investment Group LLC now owns 2,658 shares of the industrial products company’s stock worth $222,000 after buying an additional 160 shares during the last quarter. 95.27% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Ingersoll Rand news, Director Aurobind Satpathy bought 11,538 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was purchased at an average cost of $86.68 per share, with a total value of $1,000,113.84. Following the completion of the purchase, the director owned 11,538 shares in the company, valued at approximately $1,000,113.84. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.49% of the company’s stock.

Ingersoll Rand Stock Down 0.8%

Ingersoll Rand stock opened at $73.02 on Friday. The firm has a market capitalization of $28.33 billion, a price-to-earnings ratio of 30.05, a PEG ratio of 4.63 and a beta of 1.15. The company’s 50 day simple moving average is $81.13 and its 200 day simple moving average is $80.39. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.62 and a quick ratio of 1.15. Ingersoll Rand Inc. has a fifty-two week low of $68.07 and a fifty-two week high of $100.96.

Ingersoll Rand (NYSE:IRGet Free Report) last issued its earnings results on Thursday, July 30th. The industrial products company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.83 by $0.03. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.96 billion. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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 anticipate that Ingersoll Rand Inc. will post 3.39 EPS for the current year.

Ingersoll Rand Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 13th were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, August 13th. Ingersoll Rand’s dividend payout ratio (DPR) is presently 3.29%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on IR. Stifel Nicolaus raised shares of Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 price objective on the stock in a research note on Monday, August 3rd. Robert W. Baird upped their target price on shares of Ingersoll Rand from $103.00 to $109.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Wall Street Zen downgraded Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Weiss Ratings upgraded Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 21st. Finally, Morgan Stanley set a $87.00 price objective on Ingersoll Rand in a research note on Monday, August 10th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $96.14.

Get Our Latest Research Report on Ingersoll Rand

Ingersoll Rand Company Profile

(Free Report)

Ingersoll Rand Inc (NYSE:IR) is a global industrial company that provides mission-critical equipment, technologies and services for managing air, gas and fluids. Its offerings are used in manufacturing, energy, transportation, food and beverage, life sciences, chemical processing and other industrial applications.

The company’s products include compressors, vacuum and blower systems, air treatment equipment, pumps, fluid-handling systems, power tools and related aftermarket parts and services.

Further Reading

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

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