Ingersoll Rand Inc. $IR Shares Acquired by Saudi Central Bank

Saudi Central Bank grew its holdings in Ingersoll Rand Inc. (NYSE:IR) by 88.0% during the 2nd quarter, Holdings Channel reports. The fund owned 27,412 shares of the industrial products company’s stock after purchasing an additional 12,828 shares during the period. Saudi Central Bank’s holdings in Ingersoll Rand were worth $2,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in IR. Capital International Investors lifted its position in 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 valued at $4,147,878,000 after purchasing an additional 2,351,781 shares during the period. BlackRock Inc. acquired a new stake in Ingersoll Rand during the 2nd quarter worth about $2,484,319,000. T. Rowe Price Investment Management Inc. raised its stake in shares of 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 valued at $1,726,308,000 after buying an additional 3,423,501 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of Ingersoll Rand by 1.2% in the 4th 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. Finally, Franklin Resources Inc. boosted its stake in shares of Ingersoll Rand by 8.6% in the fourth 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 last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Insider Activity at Ingersoll Rand

In related news, Director Aurobind Satpathy acquired 11,538 shares of Ingersoll Rand stock in a transaction that occurred on Monday, August 3rd. The shares were purchased at an average price of $86.68 per share, for a total transaction of $1,000,113.84. Following the completion of the transaction, the director owned 11,538 shares in the company, valued at $1,000,113.84. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. 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. Evercore set a $84.00 price objective on shares of Ingersoll Rand in a report on Monday, May 11th. Wall Street Zen downgraded shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research 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 on the stock in a research report on Monday, August 3rd. Finally, Robert W. Baird lifted their price target on Ingersoll Rand from $103.00 to $109.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $96.14.

Ingersoll Rand Stock Performance

IR opened at $76.34 on Tuesday. Ingersoll Rand Inc. has a twelve month low of $68.07 and a twelve month high of $100.96. The firm has a market capitalization of $29.62 billion, a PE ratio of 31.42, a PEG ratio of 4.80 and a beta of 1.15. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.40. The firm’s 50-day moving average price is $81.57 and its 200 day moving average price is $80.87.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings data 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. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the firm earned $0.80 EPS. Ingersoll Rand’s quarterly 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. As a group, sell-side analysts expect that Ingersoll Rand Inc. will post 3.39 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 13th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, August 13th. Ingersoll Rand’s dividend payout ratio (DPR) is currently 3.29%.

Ingersoll Rand 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.