Two Sigma Securities LLC Invests $1.49 Million in Ingersoll Rand Inc. $IR

Two Sigma Securities LLC purchased a new stake in shares of Ingersoll Rand Inc. (NYSE:IR) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 18,153 shares of the industrial products company’s stock, valued at approximately $1,488,000.

Other large investors have also recently modified their holdings of the company. Alyeska Investment Group L.P. purchased a new stake in Ingersoll Rand during the 2nd quarter valued at about $23,448,000. Flputnam Investment Management Co. purchased a new position in Ingersoll Rand in the second quarter worth about $2,178,000. New Mexico Educational Retirement Board raised its holdings in Ingersoll Rand by 7.9% in the second quarter. New Mexico Educational Retirement Board now owns 17,704 shares of the industrial products company’s stock worth $1,452,000 after buying an additional 1,300 shares during the last quarter. Mufg Securities Americas Inc. lifted its stake in shares of Ingersoll Rand by 8.9% in the second quarter. Mufg Securities Americas Inc. now owns 10,726 shares of the industrial products company’s stock worth $879,000 after buying an additional 878 shares in the last quarter. Finally, Nissay Asset Management Corp Japan lifted its stake in shares of Ingersoll Rand by 3.2% in the second quarter. Nissay Asset Management Corp Japan now owns 52,552 shares of the industrial products company’s stock worth $4,309,000 after buying an additional 1,610 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Price Performance

Shares of Ingersoll Rand stock opened at $77.13 on Tuesday. Ingersoll Rand Inc. has a one year low of $68.07 and a one year high of $100.96. The stock’s fifty day moving average is $82.00 and its 200 day moving average is $81.64. The stock has a market cap of $29.93 billion, a P/E ratio of 31.74, a P/E/G ratio of 4.94 and a beta of 1.17. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.15 and a current ratio of 1.62.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.86 EPS for the quarter, topping 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 firm 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 earned $0.80 earnings per share. The business’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. Sell-side analysts anticipate that Ingersoll Rand Inc. will post 3.39 earnings per share 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 issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, August 13th. Ingersoll Rand’s dividend payout ratio is currently 3.29%.

Analyst Ratings Changes

IR has been the subject of several analyst reports. Robert W. Baird raised their price target on shares of Ingersoll Rand from $103.00 to $109.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Evercore set a $84.00 target price on Ingersoll Rand in a research note on Monday, May 11th. Stifel Nicolaus raised Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a report on Monday, August 3rd. Wall Street Zen downgraded Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Finally, Morgan Stanley set a $87.00 price objective on Ingersoll Rand in a research report on Monday, August 10th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Ingersoll Rand currently has an average rating of “Moderate Buy” and a consensus price target of $96.14.

Insider Buying and Selling

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

Ingersoll Rand 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.