Glenview Trust Co Boosts Stake in Ingersoll Rand Inc. $IR

Glenview Trust Co boosted its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 5.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 337,553 shares of the industrial products company’s stock after acquiring an additional 17,740 shares during the period. Glenview Trust Co’s holdings in Ingersoll Rand were worth $27,045,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC lifted its position in Ingersoll Rand by 12.7% during the first quarter. AQR Capital Management LLC now owns 37,078 shares of the industrial products company’s stock worth $2,904,000 after buying an additional 4,167 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Ingersoll Rand by 4.8% in the 1st quarter. NewEdge Advisors LLC now owns 6,168 shares of the industrial products company’s stock worth $494,000 after acquiring an additional 282 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Ingersoll Rand by 6.2% during the 1st quarter. Empowered Funds LLC now owns 7,731 shares of the industrial products company’s stock worth $619,000 after acquiring an additional 454 shares during the period. Woodline Partners LP acquired a new position in shares of Ingersoll Rand during the 1st quarter valued at about $643,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of 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 purchasing an additional 64,838 shares during the period. 95.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on IR shares. Weiss Ratings lowered shares of Ingersoll Rand from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. Evercore set a $84.00 price target on shares of Ingersoll Rand in a research report on Monday, May 11th. Robert W. Baird set a $103.00 price objective on Ingersoll Rand in a report on Thursday, April 30th. Wall Street Zen cut Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Finally, Morgan Stanley reduced their target price on Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 3rd. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Ingersoll Rand has an average rating of “Moderate Buy” and an average target price of $91.86.

Ingersoll Rand Stock Performance

Shares of IR stock opened at $80.26 on Tuesday. The firm’s 50 day moving average price is $75.62 and its 200-day moving average price is $82.55. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 2.23. Ingersoll Rand Inc. has a one year low of $68.07 and a one year high of $100.96. The firm has a market cap of $31.41 billion, a P/E ratio of 54.23, a P/E/G ratio of 5.20 and a beta of 1.17.

Ingersoll Rand (NYSE:IR) last posted its earnings results on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.03. Ingersoll Rand had a net margin of 7.54% and a return on equity of 12.79%. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the firm earned $0.72 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. As a group, equities research analysts predict that Ingersoll Rand Inc. will post 3.37 EPS for the current year.

Ingersoll Rand Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Thursday, May 14th. Ingersoll Rand’s payout ratio is currently 5.41%.

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.