Canada Pension Plan Investment Board Makes New Investment in Ingersoll Rand Inc. $IR

Canada Pension Plan Investment Board acquired a new stake in Ingersoll Rand Inc. (NYSE:IR) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 175,256 shares of the industrial products company’s stock, valued at approximately $14,369,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Capital International Investors grew its stake 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 in the last quarter. BlackRock Inc. acquired a new stake in Ingersoll Rand in the second quarter valued at $2,484,319,000. T. Rowe Price Investment Management Inc. lifted its holdings 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 buying an additional 3,423,501 shares during the last quarter. Capital Research Global Investors lifted its holdings 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 buying an additional 222,125 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Ingersoll Rand by 8.6% in the 4th quarter. Franklin Resources Inc. now owns 15,641,979 shares of the industrial products company’s stock valued at $1,239,158,000 after acquiring an additional 1,237,527 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wall Street Zen cut Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Stifel Nicolaus raised shares of Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 price objective on the stock in a report on Monday, August 3rd. Robert W. Baird boosted their price objective on shares of Ingersoll Rand from $103.00 to $109.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Weiss Ratings upgraded shares of Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. Finally, Evercore set a $84.00 price target on shares of Ingersoll Rand in a research note on Monday, May 11th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Ingersoll Rand presently has a consensus rating of “Moderate Buy” and an average target price of $96.14.

Insider Buying and Selling at Ingersoll Rand

In other news, Director Aurobind Satpathy bought 11,538 shares of the stock in a transaction on Monday, August 3rd. The shares were bought 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 owned 11,538 shares of the company’s stock, valued at approximately $1,000,113.84. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.49% of the stock is currently owned by corporate insiders.

Ingersoll Rand Trading Down 0.6%

Shares of Ingersoll Rand stock opened at $78.52 on Friday. Ingersoll Rand Inc. has a 1 year low of $68.07 and a 1 year high of $100.96. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.15 and a current ratio of 1.62. The company has a market capitalization of $30.47 billion, a P/E ratio of 32.31, a PEG ratio of 4.97 and a beta of 1.17. The company’s fifty day moving average is $82.02 and its two-hundred day moving average is $81.90.

Ingersoll Rand (NYSE:IR) last announced its earnings results on Thursday, July 30th. The industrial products company reported $0.86 earnings per share for the quarter, beating 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 company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the business posted $0.80 EPS. The company’s revenue was up 8.5% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. Analysts forecast that Ingersoll Rand Inc. will post 3.39 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Ingersoll Rand’s payout ratio is currently 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.