10,948 Shares in Ingersoll Rand Inc. $IR Purchased by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC acquired a new position in shares of Ingersoll Rand Inc. (NYSE:IR) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 10,948 shares of the industrial products company’s stock, valued at approximately $898,000.

Other hedge funds also recently modified their holdings of the company. AQR Capital Management LLC lifted its holdings in Ingersoll Rand by 12.7% in the first quarter. AQR Capital Management LLC now owns 37,078 shares of the industrial products company’s stock valued at $2,904,000 after buying an additional 4,167 shares during the period. NewEdge Advisors LLC grew its holdings in Ingersoll Rand by 4.8% during the 1st quarter. NewEdge Advisors LLC now owns 6,168 shares of the industrial products company’s stock worth $494,000 after acquiring an additional 282 shares during the period. Empowered Funds LLC raised its position in shares of Ingersoll Rand by 6.2% during the 1st quarter. Empowered Funds LLC now owns 7,731 shares of the industrial products company’s stock valued at $619,000 after acquiring an additional 454 shares during the last quarter. Woodline Partners LP acquired a new position in shares of Ingersoll Rand in the 1st quarter valued at $643,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Ingersoll Rand by 663.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 74,615 shares of the industrial products company’s stock worth $6,206,000 after purchasing an additional 64,838 shares during the period. Institutional investors own 95.27% of the company’s stock.

Analyst Upgrades and Downgrades

IR has been the topic of a number of recent analyst reports. Stifel Nicolaus upgraded Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a report on Monday, August 3rd. Evercore set a $84.00 price objective on shares of Ingersoll Rand in a research note on Monday, May 11th. Robert W. Baird boosted their price objective on shares of 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 downgraded shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Finally, Morgan Stanley set a $87.00 target price on shares of Ingersoll Rand in a report on Monday, August 10th. Five investment 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.14.

Ingersoll Rand Price Performance

Shares of IR opened at $78.52 on Monday. 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 stock has a 50 day simple moving average of $82.02 and a 200 day simple moving average of $81.78. Ingersoll Rand Inc. has a 52-week low of $68.07 and a 52-week high of $100.96. The firm has a market capitalization of $30.47 billion, a PE ratio of 32.31, a P/E/G ratio of 4.94 and a beta of 1.17.

Ingersoll Rand (NYSE:IR) last posted its earnings results on Thursday, July 30th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Ingersoll Rand had a return on equity of 12.90% and a net margin of 12.08%.Ingersoll Rand’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.80 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. Sell-side analysts predict that Ingersoll Rand Inc. will post 3.39 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The business 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 dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand’s dividend payout ratio is currently 3.29%.

Insider Activity at Ingersoll Rand

In related news, Director Aurobind Satpathy acquired 11,538 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were acquired at an average cost of $86.68 per share, for a total transaction of $1,000,113.84. Following the completion of the acquisition, the director directly owned 11,538 shares in the company, valued at approximately $1,000,113.84. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is currently owned by insiders.

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.