13,446 Shares in Ingersoll Rand Inc. $IR Acquired by Portfolio Design Labs LLC

Portfolio Design Labs LLC acquired a new position in shares of Ingersoll Rand Inc. (NYSE:IR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,446 shares of the industrial products company’s stock, valued at approximately $1,102,000.

A number of other hedge funds and other institutional investors have also modified their holdings of IR. Fifth Third Bancorp raised its stake in Ingersoll Rand by 388.7% during the first quarter. Fifth Third Bancorp now owns 81,961 shares of the industrial products company’s stock worth $6,567,000 after purchasing an additional 65,189 shares during the period. Strs Ohio grew its stake in shares of Ingersoll Rand by 11.2% in the 4th quarter. Strs Ohio now owns 237,624 shares of the industrial products company’s stock valued at $18,825,000 after buying an additional 23,974 shares during the period. National Pension Service grew its stake in shares of Ingersoll Rand by 3.0% in the 4th quarter. National Pension Service now owns 636,270 shares of the industrial products company’s stock valued at $50,405,000 after buying an additional 18,289 shares during the period. Norges Bank acquired a new stake in shares of Ingersoll Rand during the 4th quarter worth approximately $407,915,000. Finally, Hsbc Holdings PLC raised its position in shares of Ingersoll Rand by 4.4% during the 1st quarter. Hsbc Holdings PLC now owns 705,454 shares of the industrial products company’s stock valued at $56,415,000 after buying an additional 29,914 shares during the period. 95.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on IR. Barclays decreased their price objective on Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Citigroup cut their target price on Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Stifel Nicolaus upgraded Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research report on Monday, August 3rd. Weiss Ratings raised Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. Finally, Wall Street Zen cut Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Ingersoll Rand currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.14.

Insider Activity

In other news, Director Aurobind Satpathy bought 11,538 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were purchased at an average price of $86.68 per share, with a total value of $1,000,113.84. Following 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 document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.49% of the company’s stock.

Ingersoll Rand Stock Performance

NYSE:IR opened at $79.25 on Friday. 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 stock has a market capitalization of $30.75 billion, a P/E ratio of 32.61, a PEG ratio of 5.10 and a beta of 1.17. The company has a 50 day moving average price of $81.73 and a 200 day moving average price of $82.46. Ingersoll Rand Inc. has a fifty-two week low of $68.07 and a fifty-two week high of $100.96.

Ingersoll Rand (NYSE:IR) last announced 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. Ingersoll Rand had a return on equity of 12.90% and a net margin of 12.08%.The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the company earned $0.80 earnings per share. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. Equities research analysts forecast that Ingersoll Rand Inc. will post 3.39 EPS for the current year.

Ingersoll Rand Announces Dividend

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

About Ingersoll Rand

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.