Glenview Trust Co Invests $28.45 Million in Ingersoll Rand Inc. $IR

Glenview Trust Co acquired a new stake in shares of Ingersoll Rand Inc. (NYSE:IR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 347,049 shares of the industrial products company’s stock, valued at approximately $28,455,000. Glenview Trust Co owned about 0.09% of Ingersoll Rand at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IR. Deseret Mutual Benefit Administrators raised its stake in shares of Ingersoll Rand by 46.9% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 112 shares in the last quarter. Sumitomo Life Insurance Co. lifted its holdings in shares of 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 valued at $1,686,000 after buying an additional 138 shares during the last quarter. Groupama Asset Managment grew 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 buying an additional 140 shares in the last quarter. Andina Capital Management LLC grew its stake in shares of Ingersoll Rand by 2.6% in the 4th quarter. Andina Capital Management LLC now owns 5,628 shares of the industrial products company’s stock valued at $446,000 after buying an additional 145 shares in the last quarter. Finally, Chicago Partners Investment Group LLC increased its holdings in Ingersoll Rand by 6.4% in 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. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Analysts Set New Price Targets

IR has been the topic of several recent research reports. Weiss Ratings raised shares of Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 21st. Wells Fargo & Company dropped their price target on shares of Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Barclays cut their price target on shares of Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Morgan Stanley set a $87.00 price objective on shares of Ingersoll Rand in a research note on Monday, August 10th. Finally, Stifel Nicolaus upgraded shares of 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. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Ingersoll Rand currently has an average rating of “Moderate Buy” and a consensus price target of $96.14.

Insider Transactions at Ingersoll Rand

In other news, Director Aurobind Satpathy bought 11,538 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were purchased at an average price of $86.68 per share, for a total transaction of $1,000,113.84. Following the acquisition, the director directly owned 11,538 shares of the company’s stock, valued at $1,000,113.84. The trade was a ? increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.49% of the company’s stock.

Ingersoll Rand Stock Down 1.2%

IR opened at $79.00 on Friday. The business has a 50 day moving average price of $82.01 and a 200 day moving average price of $81.92. Ingersoll Rand Inc. has a twelve month low of $68.07 and a twelve month 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 cap of $30.65 billion, a P/E ratio of 32.51, a price-to-earnings-growth ratio of 5.03 and a beta of 1.17.

Ingersoll Rand (NYSE:IR) last announced its quarterly 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. 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 the consensus estimate of $1.96 billion. During the same quarter last year, the company posted $0.80 earnings per share. The company’s revenue for the quarter 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. Research analysts forecast that Ingersoll Rand Inc. will post 3.39 EPS for the current year.

Ingersoll Rand Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be paid 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 dividend payout ratio (DPR) is presently 3.29%.

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.