24,647 Shares in Ingersoll Rand Inc. $IR Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new position in shares of Ingersoll Rand Inc. (NYSE:IR) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 24,647 shares of the industrial products company’s stock, valued at approximately $2,021,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Bell Investment Advisors Inc acquired a new position in Ingersoll Rand in the 2nd quarter worth about $26,000. Deseret Mutual Benefit Administrators increased its holdings in Ingersoll Rand by 46.9% in the fourth 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 period. Hilton Head Capital Partners LLC acquired a new stake in Ingersoll Rand in the fourth quarter valued at $29,000. Reflection Asset Management bought a new position in Ingersoll Rand during the 4th quarter worth $31,000. Finally, Torren Management LLC acquired a new position in Ingersoll Rand during the 4th quarter worth about $32,000. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Ingersoll Rand Stock Performance

Shares of IR opened at $78.52 on Friday. The stock’s 50-day simple moving average is $82.02 and its 200 day simple moving average is $81.90. The stock has a market capitalization of $30.47 billion, a price-to-earnings ratio of 32.31, a price-to-earnings-growth ratio of 4.94 and a beta of 1.17. 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 Inc. has a 52-week low of $68.07 and a 52-week high of $100.96.

Ingersoll Rand (NYSE:IR) last posted 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 firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter last year, the company posted $0.80 EPS. The business’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. Research analysts forecast that Ingersoll Rand Inc. will post 3.39 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be issued a $0.02 dividend. 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 payout ratio is presently 3.29%.

Insider Buying and Selling

In other Ingersoll Rand news, Director Aurobind Satpathy purchased 11,538 shares of Ingersoll Rand stock in a transaction dated Monday, August 3rd. The stock was purchased at an average price of $86.68 per share, with a total value of $1,000,113.84. Following the transaction, the director directly owned 11,538 shares of the company’s stock, valued at $1,000,113.84. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on IR shares. Robert W. Baird upped their price objective on shares of Ingersoll Rand from $103.00 to $109.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Morgan Stanley set a $87.00 price objective on Ingersoll Rand in a research note on Monday, August 10th. Weiss Ratings raised Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. Stifel Nicolaus raised 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, Wall Street Zen downgraded shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $96.14.

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.