Saudi Central Bank Buys 12,828 Shares of Ingersoll Rand Inc. $IR

Saudi Central Bank raised its stake in Ingersoll Rand Inc. (NYSE:IR) by 88.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,412 shares of the industrial products company’s stock after buying an additional 12,828 shares during the period. Saudi Central Bank’s holdings in Ingersoll Rand were worth $2,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. AQR Capital Management LLC grew its stake in Ingersoll Rand by 12.7% in 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 in the last quarter. NewEdge Advisors LLC raised its position in Ingersoll Rand by 4.8% during the 1st quarter. NewEdge Advisors LLC now owns 6,168 shares of the industrial products company’s stock valued at $494,000 after purchasing an additional 282 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Ingersoll Rand by 6.2% in the 1st quarter. Empowered Funds LLC now owns 7,731 shares of the industrial products company’s stock worth $619,000 after buying an additional 454 shares during the period. Woodline Partners LP purchased a new stake in shares of Ingersoll Rand in the 1st quarter worth $643,000. Finally, Arrowstreet Capital Limited Partnership grew its position 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 buying an additional 64,838 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors.

Insider Transactions at Ingersoll Rand

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

Analyst Upgrades and Downgrades

IR has been the topic of several research reports. Stifel Nicolaus upgraded Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 price target on the stock in a research note on Monday, August 3rd. Robert W. Baird increased their target price on shares of Ingersoll Rand from $103.00 to $109.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. 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. Evercore set a $84.00 price target on shares of Ingersoll Rand in a report on Monday, May 11th. Finally, Morgan Stanley set a $87.00 price target on shares of Ingersoll Rand in a research report on Monday, August 10th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Ingersoll Rand currently has an average rating of “Moderate Buy” and a consensus target price of $96.14.

Ingersoll Rand Stock Down 0.0%

NYSE:IR opened at $76.34 on Tuesday. The company has a market cap of $29.62 billion, a PE ratio of 31.42, a P/E/G ratio of 4.80 and a beta of 1.15. Ingersoll Rand Inc. has a twelve month low of $68.07 and a twelve month high of $100.96. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.40. The company’s 50 day moving average is $81.57 and its two-hundred day moving average is $80.87.

Ingersoll Rand (NYSE:IR) last issued its quarterly 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 net margin of 12.08% and a return on equity of 12.90%. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the business posted $0.80 EPS. Ingersoll Rand’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. Analysts anticipate that Ingersoll Rand Inc. will post 3.39 EPS for the current year.

Ingersoll Rand Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 13th were given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, August 13th. Ingersoll Rand’s dividend payout ratio is presently 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.