Tidal Investments LLC Purchases 33,175 Shares of Ingersoll Rand Inc. $IR

Tidal Investments LLC grew its holdings in Ingersoll Rand Inc. (NYSE:IR) by 20.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 199,302 shares of the industrial products company’s stock after acquiring an additional 33,175 shares during the quarter. Tidal Investments LLC owned 0.05% of Ingersoll Rand worth $16,341,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital International Investors boosted its holdings in Ingersoll Rand by 4.7% in the 4th quarter. Capital International Investors now owns 52,353,914 shares of the industrial products company’s stock valued at $4,147,878,000 after purchasing an additional 2,351,781 shares during the period. California State Teachers Retirement System increased its holdings in shares of Ingersoll Rand by 6,908.7% during the 2nd quarter. California State Teachers Retirement System now owns 44,276,076 shares of the industrial products company’s stock worth $3,630,195,000 after purchasing an additional 43,644,342 shares during the period. BlackRock Inc. acquired a new position in shares of Ingersoll Rand during the second quarter valued at about $2,484,319,000. T. Rowe Price Investment Management Inc. lifted its stake in shares of Ingersoll Rand by 18.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 21,791,309 shares of the industrial products company’s stock valued at $1,726,308,000 after buying an additional 3,423,501 shares during the period. Finally, Capital Research Global Investors lifted its stake in shares of Ingersoll Rand by 1.2% in the fourth quarter. Capital Research Global Investors now owns 19,476,801 shares of the industrial products company’s stock valued at $1,543,017,000 after buying an additional 222,125 shares during the period. Institutional investors own 95.27% of the company’s stock.

Insiders Place Their Bets

In other Ingersoll Rand news, Director Aurobind Satpathy acquired 11,538 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was purchased at an average price of $86.68 per share, for a total transaction of $1,000,113.84. Following the transaction, the director owned 11,538 shares in the company, valued at $1,000,113.84. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Robert W. Baird upped their price target on Ingersoll Rand from $103.00 to $109.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Wall Street Zen lowered Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Stifel Nicolaus upgraded Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a research note on Monday, August 3rd. Morgan Stanley set a $87.00 target price on Ingersoll Rand in a research report on Monday, August 10th. Finally, Weiss Ratings upgraded shares of Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $96.14.

Ingersoll Rand Trading Down 0.8%

Shares of IR stock opened at $73.02 on Friday. Ingersoll Rand Inc. has a 12-month low of $68.07 and a 12-month high of $100.96. The company has a market capitalization of $28.33 billion, a P/E ratio of 30.05, a P/E/G ratio of 4.63 and a beta of 1.15. The firm has a 50-day moving average price of $81.13 and a 200 day moving average price of $80.39. 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 released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.96 billion. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. The company’s revenue for the quarter 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. Research analysts forecast that Ingersoll Rand Inc. will post 3.39 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 13th were given a dividend of $0.02 per share. The ex-dividend date was Thursday, August 13th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Ingersoll Rand’s dividend payout ratio is 3.29%.

Ingersoll Rand Profile

Ingersoll Rand Inc (NYSE:IR) is a global industrial company that provides mission-critical equipment, technologies and services for managing air, gas and fluids. Its offerings are used in manufacturing, energy, transportation, food and beverage, life sciences, chemical processing and other industrial applications.

The company’s products include compressors, vacuum and blower systems, air treatment equipment, pumps, fluid-handling systems, power tools and related aftermarket parts and services.