19,091 Shares in Ingersoll Rand Inc. $IR Bought by Empowered Funds LLC

Empowered Funds LLC purchased a new position in Ingersoll Rand Inc. (NYSE:IR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,091 shares of the industrial products company’s stock, valued at approximately $1,565,000.

Other institutional investors have also added to or reduced their stakes in the company. Bell Investment Advisors Inc bought a new position in shares of Ingersoll Rand during the second quarter valued at about $26,000. Deseret Mutual Benefit Administrators lifted its stake in shares of Ingersoll Rand by 46.9% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 112 shares during the last quarter. Hilton Head Capital Partners LLC purchased a new stake in Ingersoll Rand during the 4th quarter valued at about $29,000. Reflection Asset Management bought a new position in Ingersoll Rand during the 4th quarter worth approximately $31,000. Finally, Arax Advisory Partners bought a new position in Ingersoll Rand during the 4th quarter worth approximately $35,000. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingersoll Rand Trading Up 0.5%

NYSE IR opened at $75.40 on Friday. The stock has a market cap of $29.26 billion, a P/E ratio of 31.03, a price-to-earnings-growth ratio of 4.71 and a beta of 1.15. Ingersoll Rand Inc. has a fifty-two week low of $68.07 and a fifty-two week high of $100.96. The stock has a 50 day simple moving average of $81.76 and a two-hundred day simple moving average of $81.18. 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, beating the consensus estimate of $0.83 by $0.03. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Ingersoll Rand had a return on equity of 12.90% and a net margin of 12.08%.The business’s revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.80 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. On average, analysts forecast that Ingersoll Rand Inc. will post 3.39 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th were given 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 was Thursday, August 13th. Ingersoll Rand’s payout ratio is presently 3.29%.

Insider Buying and Selling

In related news, Director Aurobind Satpathy bought 11,538 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was purchased at an average cost of $86.68 per share, with a total value of $1,000,113.84. Following the transaction, the director owned 11,538 shares in the company, valued at approximately $1,000,113.84. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

IR has been the subject of several recent research reports. Morgan Stanley set a $87.00 price objective on Ingersoll Rand in a research report on Monday, August 10th. Stifel Nicolaus raised shares of 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. Evercore set a $84.00 price target on shares of Ingersoll Rand in a report on Monday, May 11th. Wall Street Zen cut shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Finally, Robert W. Baird raised their price target on shares of Ingersoll Rand from $103.00 to $109.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.