Ingersoll Rand (NYSE:IR) Director Acquires $1,000,113.84 in Stock

Ingersoll Rand Inc. (NYSE:IR) Director Aurobind Satpathy bought 11,538 shares of the business’s stock in a transaction dated 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 purchase, the director owned 11,538 shares in the company, valued at approximately $1,000,113.84. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Ingersoll Rand Stock Down 1.3%

IR stock opened at $87.06 on Friday. The company’s 50-day moving average price is $79.73 and its 200 day moving average price is $82.75. The company has a market cap of $33.78 billion, a P/E ratio of 35.83, a P/E/G ratio of 5.56 and a beta of 1.17. Ingersoll Rand Inc. has a 52 week low of $68.07 and a 52 week 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.

Ingersoll Rand (NYSE:IR) last posted its earnings results on Thursday, July 30th. The industrial products company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.96 billion. Ingersoll Rand had a return on equity of 12.90% and a net margin of 12.08%.Ingersoll Rand’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. On average, research analysts expect that Ingersoll Rand Inc. will post 3.38 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be given 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 of this dividend is Thursday, August 13th. Ingersoll Rand’s payout ratio is currently 3.29%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Barclays cut their price objective on 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 cut their price objective on Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 3rd. Citigroup decreased their target price on Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Evercore set a $84.00 target price on Ingersoll Rand in a research note on Monday, May 11th. Finally, Stifel Nicolaus upgraded Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a research note on Monday, August 3rd. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $95.14.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Fifth Third Bancorp lifted its holdings in Ingersoll Rand by 388.7% in the first quarter. Fifth Third Bancorp now owns 81,961 shares of the industrial products company’s stock valued at $6,567,000 after buying an additional 65,189 shares during the period. National Pension Service lifted its holdings in Ingersoll Rand by 3.0% during the fourth quarter. National Pension Service now owns 636,270 shares of the industrial products company’s stock worth $50,405,000 after acquiring an additional 18,289 shares in the last quarter. Strs Ohio grew its position in shares of Ingersoll Rand by 11.2% in the 4th quarter. Strs Ohio now owns 237,624 shares of the industrial products company’s stock valued at $18,825,000 after purchasing an additional 23,974 shares during the period. Norges Bank acquired a new position in shares of Ingersoll Rand in the fourth quarter valued at approximately $407,915,000. Finally, Hsbc Holdings PLC boosted its stake in Ingersoll Rand by 4.4% in the 1st quarter. Hsbc Holdings PLC now owns 705,454 shares of the industrial products company’s stock worth $56,415,000 after purchasing an additional 29,914 shares during the period. 95.27% of the stock is owned by institutional investors and hedge funds.

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.