Mitsubishi UFJ Asset Management Co. Ltd. Purchases Shares of 924,485 Ingersoll Rand Inc. $IR

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Ingersoll Rand Inc. (NYSE:IR) in the second quarter, HoldingsChannel reports. The fund acquired 924,485 shares of the industrial products company’s stock, valued at approximately $75,799,000.

Several other institutional investors also recently modified their holdings of IR. AQR Capital Management LLC grew its holdings in Ingersoll Rand by 12.7% during the first quarter. AQR Capital Management LLC now owns 37,078 shares of the industrial products company’s stock worth $2,904,000 after purchasing an additional 4,167 shares during the period. NewEdge Advisors LLC raised its stake in Ingersoll Rand by 4.8% in the first quarter. NewEdge Advisors LLC now owns 6,168 shares of the industrial products company’s stock valued at $494,000 after buying an additional 282 shares during the period. Empowered Funds LLC raised its stake in Ingersoll Rand by 6.2% in the first quarter. Empowered Funds LLC now owns 7,731 shares of the industrial products company’s stock valued at $619,000 after buying an additional 454 shares during the period. Woodline Partners LP acquired a new stake in shares of Ingersoll Rand in the first quarter valued at approximately $643,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Ingersoll Rand by 663.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 74,615 shares of the industrial products company’s stock worth $6,206,000 after acquiring an additional 64,838 shares during the period. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

IR has been the topic of a number of research analyst reports. Weiss Ratings upgraded Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. Citigroup reduced their price objective on shares of Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Stifel Nicolaus upgraded shares of Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 price objective on the stock in a report on Monday, August 3rd. Evercore set a $84.00 price objective on shares of Ingersoll Rand in a research report on Monday, May 11th. Finally, Robert W. Baird raised their target price on shares of Ingersoll Rand from $103.00 to $109.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.14.

Ingersoll Rand Stock Performance

NYSE:IR opened at $80.78 on Wednesday. The stock has a market cap of $31.34 billion, a P/E ratio of 33.24, a PEG ratio of 5.25 and a beta of 1.17. The stock has a 50 day simple moving average of $81.40 and a 200 day simple moving average of $82.56. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.40. Ingersoll Rand Inc. has a 1-year low of $68.07 and a 1-year high of $100.96.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.96 billion. Ingersoll Rand had a return on equity of 12.90% and a net margin of 12.08%.The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. Research analysts anticipate that Ingersoll Rand Inc. will post 3.38 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand’s dividend payout ratio is 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.