247,354 Shares in Ingersoll Rand Inc. $IR Purchased by Corient Private Wealth LP

Corient Private Wealth LP bought a new stake in Ingersoll Rand Inc. (NYSE:IR) during the second quarter, HoldingsChannel reports. The fund bought 247,354 shares of the industrial products company’s stock, valued at approximately $16,231,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of IR. Bell Investment Advisors Inc acquired a new stake in Ingersoll Rand during the 2nd quarter valued at approximately $26,000. Deseret Mutual Benefit Administrators increased its stake in shares of Ingersoll Rand by 46.9% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 112 shares during the period. Hilton Head Capital Partners LLC purchased a new position in shares of Ingersoll Rand during the fourth quarter worth $29,000. Reflection Asset Management acquired a new position in Ingersoll Rand during the fourth quarter valued at $31,000. Finally, Torren Management LLC purchased a new stake in Ingersoll Rand in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

Insider Buying and Selling

In other Ingersoll Rand news, Director Aurobind Satpathy acquired 11,538 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were bought at an average cost 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 in the company, valued at approximately $1,000,113.84. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on IR. Robert W. Baird lifted their price objective on Ingersoll Rand from $103.00 to $109.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. 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 research note 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. Weiss Ratings upgraded Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 21st. Finally, Morgan Stanley set a $87.00 price target on Ingersoll Rand in a report on Monday, August 10th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $96.14.

Ingersoll Rand Stock Down 0.6%

IR opened at $78.52 on Friday. The company has a fifty day moving average of $82.02 and a two-hundred day moving average of $81.90. The stock has a market capitalization of $30.47 billion, a price-to-earnings ratio of 32.31, a PEG ratio of 4.97 and a beta of 1.17. Ingersoll Rand Inc. has a fifty-two week low of $68.07 and a fifty-two week 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.

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 the consensus estimate of $0.83 by $0.03. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the company posted $0.80 EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. 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 3.39 earnings per share for the current 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 given a dividend of $0.02 per share. The ex-dividend date is 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 currently 3.29%.

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.