796,787 Shares in Ingersoll Rand Inc. $IR Bought by Hsbc Holdings PLC

Hsbc Holdings PLC bought a new position in shares of Ingersoll Rand Inc. (NYSE:IR) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 796,787 shares of the industrial products company’s stock, valued at approximately $65,397,000. Hsbc Holdings PLC owned approximately 0.21% of Ingersoll Rand at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Capital International Investors raised its position in shares of Ingersoll Rand by 4.7% during the fourth quarter. Capital International Investors now owns 52,353,914 shares of the industrial products company’s stock worth $4,147,878,000 after purchasing an additional 2,351,781 shares during the period. BlackRock Inc. acquired a new position in shares of Ingersoll Rand in the 2nd quarter valued at approximately $2,484,319,000. T. Rowe Price Investment Management Inc. increased its stake in Ingersoll Rand by 18.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 21,791,309 shares of the industrial products company’s stock worth $1,726,308,000 after purchasing an additional 3,423,501 shares in the last quarter. Capital Research Global Investors increased its stake in Ingersoll Rand by 1.2% during the 4th quarter. Capital Research Global Investors now owns 19,476,801 shares of the industrial products company’s stock worth $1,543,017,000 after purchasing an additional 222,125 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in Ingersoll Rand by 8.6% during the 4th quarter. Franklin Resources Inc. now owns 15,641,979 shares of the industrial products company’s stock worth $1,239,158,000 after buying an additional 1,237,527 shares during the period. 95.27% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Ingersoll Rand

In other Ingersoll Rand news, Director Aurobind Satpathy purchased 11,538 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were purchased at an average cost of $86.68 per share, with a total value of $1,000,113.84. Following the transaction, the director directly owned 11,538 shares of the company’s stock, valued at $1,000,113.84. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on IR shares. Wells Fargo & Company reduced their price target on shares of Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Wall Street Zen lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Barclays cut their price objective on shares of Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Weiss Ratings raised shares of Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. Finally, Morgan Stanley set a $87.00 target price on Ingersoll Rand in a report on Monday, August 10th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Ingersoll Rand currently has an average rating of “Moderate Buy” and a consensus target price of $96.14.

Ingersoll Rand Trading Up 1.7%

NYSE:IR opened at $79.93 on Thursday. The company has a market cap of $31.01 billion, a P/E ratio of 32.89, a price-to-earnings-growth ratio of 4.94 and a beta of 1.17. Ingersoll Rand Inc. has a twelve month low of $68.07 and a twelve month high of $100.96. The business has a 50 day moving average price of $81.99 and a two-hundred day moving average price of $82.06. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 0.40.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings data 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. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.96 billion. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same period last year, the company earned $0.80 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. As a group, analysts expect that Ingersoll Rand Inc. will post 3.39 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

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