OMERS ADMINISTRATION Corp Has $93.06 Million Stake in Ingersoll Rand Inc. $IR

OMERS ADMINISTRATION Corp increased its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 1,097.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,161,456 shares of the industrial products company’s stock after buying an additional 1,064,471 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Ingersoll Rand were worth $93,056,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Deseret Mutual Benefit Administrators lifted its position 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 valued at $28,000 after acquiring an additional 112 shares during the period. Hilton Head Capital Partners LLC acquired a new stake in Ingersoll Rand in the fourth quarter worth $29,000. Reflection Asset Management acquired a new stake in Ingersoll Rand in the fourth quarter worth $31,000. Torren Management LLC bought a new stake in Ingersoll Rand in the fourth quarter valued at $32,000. Finally, Salomon & Ludwin LLC raised its holdings in shares of Ingersoll Rand by 166.9% during the fourth quarter. Salomon & Ludwin LLC now owns 427 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 267 shares during the period. Institutional investors own 95.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wall Street Zen raised Ingersoll Rand from a “hold” rating to a “buy” rating in a research note on Saturday. Stifel Nicolaus decreased their target price on shares of Ingersoll Rand from $85.00 to $84.00 and set a “hold” rating for the company in a research report on Monday, July 20th. Weiss Ratings upgraded shares of Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday. Evercore set a $84.00 price objective on shares of Ingersoll Rand in a report on Monday, May 11th. Finally, Robert W. Baird set a $103.00 target price on shares of Ingersoll Rand in a research note on Thursday, April 30th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Ingersoll Rand currently has an average rating of “Moderate Buy” and a consensus price target of $91.86.

Ingersoll Rand Price Performance

IR stock opened at $84.24 on Friday. The company has a current ratio of 2.23, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47. Ingersoll Rand Inc. has a 12 month low of $68.07 and a 12 month high of $100.96. The firm has a market capitalization of $32.97 billion, a P/E ratio of 56.92, a price-to-earnings-growth ratio of 5.34 and a beta of 1.17. The firm has a 50 day moving average of $76.56 and a 200-day moving average of $82.64.

Ingersoll Rand (NYSE:IR) last announced its earnings results on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.03. Ingersoll Rand had a net margin of 7.54% and a return on equity of 12.79%. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same period in the previous year, the business posted $0.72 earnings per share. Ingersoll Rand’s revenue for the quarter was up 7.6% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. As a group, sell-side analysts predict that Ingersoll Rand Inc. will post 3.37 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Thursday, August 13th. Ingersoll Rand’s payout ratio is presently 5.41%.

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.