Aurobind Satpathy Acquires 11,538 Shares of Ingersoll Rand (NYSE:IR) Stock

Ingersoll Rand Inc. (NYSE:IR) Director Aurobind Satpathy acquired 11,538 shares of the stock in a transaction dated Monday, August 3rd. The stock was acquired at an average cost of $86.68 per share, with a total value of $1,000,113.84. Following the completion of the transaction, the director owned 11,538 shares in the company, valued at approximately $1,000,113.84. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Ingersoll Rand Price Performance

Shares of IR opened at $88.30 on Friday. The firm has a market cap of $34.26 billion, a PE ratio of 36.34, a price-to-earnings-growth ratio of 5.69 and a beta of 1.17. Ingersoll Rand Inc. has a 52-week low of $68.07 and a 52-week high of $100.96. The business’s 50 day moving average price is $79.43 and its two-hundred day moving average price is $82.72. 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 released its quarterly earnings data 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 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 analyst estimates of $1.96 billion. During the same quarter in the previous year, the business posted $0.80 EPS. Ingersoll Rand’s revenue for the quarter was up 8.5% compared to the same quarter last year. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. On average, equities analysts anticipate that Ingersoll Rand Inc. will post 3.37 EPS for the current year.

Ingersoll Rand Dividend Announcement

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

Hedge Funds Weigh In On Ingersoll Rand

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

Wall Street Analysts Forecast Growth

IR has been the topic of a number of recent research reports. Barclays cut their target price on Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Wall Street Zen lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Citigroup decreased their target price on shares of Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Weiss Ratings raised shares of Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 21st. Finally, Evercore set a $84.00 price objective on Ingersoll Rand in a report on Monday, May 11th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $95.14.

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.