Corient Private Wealth LP Takes $16.23 Million Position in Ingersoll Rand Inc. $IR

Corient Private Wealth LP purchased a new position in Ingersoll Rand Inc. (NYSE:IR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 247,354 shares of the industrial products company’s stock, valued at approximately $16,231,000. Corient Private Wealth LP owned approximately 0.06% of Ingersoll Rand at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Capital International Investors grew its stake in Ingersoll Rand by 4.7% in the fourth quarter. Capital International Investors now owns 52,353,914 shares of the industrial products company’s stock valued at $4,147,878,000 after purchasing an additional 2,351,781 shares during the last quarter. BlackRock Inc. bought a new position in Ingersoll Rand in the second quarter worth about $2,484,319,000. T. Rowe Price Investment Management Inc. lifted its position in shares of Ingersoll Rand by 18.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 21,791,309 shares of the industrial products company’s stock valued at $1,726,308,000 after buying an additional 3,423,501 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of Ingersoll Rand by 1.2% in the 4th quarter. Capital Research Global Investors now owns 19,476,801 shares of the industrial products company’s stock valued at $1,543,017,000 after buying an additional 222,125 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Ingersoll Rand by 8.6% in the 4th quarter. Franklin Resources Inc. now owns 15,641,979 shares of the industrial products company’s stock valued at $1,239,158,000 after buying an additional 1,237,527 shares in the last quarter. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingersoll Rand Price Performance

Shares of IR stock opened at $78.52 on Friday. Ingersoll Rand Inc. has a fifty-two week low of $68.07 and a fifty-two week high of $100.96. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.15 and a current ratio of 1.62. The firm 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 stock’s 50-day simple moving average is $82.02 and its 200-day simple moving average is $81.90.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings data 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 analyst estimates of $1.96 billion. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. Ingersoll Rand’s revenue was up 8.5% on a year-over-year basis. During the same period last year, the firm posted $0.80 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. As a group, equities analysts forecast that Ingersoll Rand Inc. will post 3.39 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently declared 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 of this dividend is Thursday, August 13th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Ingersoll Rand’s dividend payout ratio (DPR) is currently 3.29%.

Analyst Upgrades and Downgrades

Several research firms recently commented on IR. Wall Street Zen lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Robert W. Baird raised their target price on shares of Ingersoll Rand from $103.00 to $109.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Evercore set a $84.00 price target on shares of Ingersoll Rand in a report on Monday, May 11th. Stifel Nicolaus raised Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 price target on the stock in a research report on Monday, August 3rd. Finally, Weiss Ratings upgraded Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $96.14.

Insider Activity at Ingersoll Rand

In related news, Director Aurobind Satpathy acquired 11,538 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were purchased at an average cost 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 $1,000,113.84. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.49% of the company’s stock.

Ingersoll Rand Company 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.