Glenview Trust Co Makes New Investment in Ingersoll Rand Inc. $IR

Glenview Trust Co purchased a new position in shares of Ingersoll Rand Inc. (NYSE:IR) in the second quarter, HoldingsChannel reports. The institutional investor purchased 347,049 shares of the industrial products company’s stock, valued at approximately $28,455,000.

Several other hedge funds also recently modified their holdings of IR. Bell Investment Advisors Inc acquired a new stake in shares of Ingersoll Rand in the second quarter worth $26,000. Deseret Mutual Benefit Administrators raised its stake in Ingersoll Rand by 46.9% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 112 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new position in Ingersoll Rand during the 4th quarter valued at $29,000. Reflection Asset Management bought a new stake in Ingersoll Rand in the 4th quarter valued at $31,000. Finally, Torren Management LLC bought a new stake in Ingersoll Rand in the 4th quarter valued at $32,000. 95.27% of the stock is owned by institutional investors.

Insider Transactions at Ingersoll Rand

In other Ingersoll Rand news, Director Aurobind Satpathy purchased 11,538 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was purchased at an average price of $86.68 per share, for a total transaction of $1,000,113.84. Following the completion of the purchase, the director directly 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 hyperlink. 0.49% of the stock is owned by company insiders.

Ingersoll Rand Stock Down 1.2%

IR opened at $79.00 on Friday. The company has a market capitalization of $30.65 billion, a P/E ratio of 32.51, a P/E/G ratio of 5.03 and a beta of 1.17. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.62 and a quick ratio of 1.15. The firm’s fifty day moving average price is $82.01 and its two-hundred day moving average price is $81.92. Ingersoll Rand Inc. has a fifty-two week low of $68.07 and a fifty-two week high of $100.96.

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

Ingersoll Rand Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be given a $0.02 dividend. This represents a $0.08 annualized dividend 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%.

Wall Street Analyst Weigh In

IR has been the topic of several research reports. Weiss Ratings upgraded shares of Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. Barclays reduced their target price on shares of Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Robert W. Baird lifted their target price on Ingersoll Rand from $103.00 to $109.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Stifel Nicolaus upgraded Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 price target on the stock in a research note on Monday, August 3rd. 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 given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $96.14.

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.