33,267 Shares in Ingersoll Rand Inc. $IR Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Ingersoll Rand Inc. (NYSE:IR) in the second quarter, Holdings Channel reports. The institutional investor acquired 33,267 shares of the industrial products company’s stock, valued at approximately $2,728,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in IR. Fifth Third Bancorp increased its holdings in Ingersoll Rand by 388.7% in the 1st quarter. Fifth Third Bancorp now owns 81,961 shares of the industrial products company’s stock worth $6,567,000 after acquiring an additional 65,189 shares in the last quarter. Strs Ohio lifted its stake in Ingersoll Rand by 11.2% in the 4th quarter. Strs Ohio now owns 237,624 shares of the industrial products company’s stock worth $18,825,000 after purchasing an additional 23,974 shares in the last quarter. National Pension Service grew its holdings in Ingersoll Rand by 3.0% during the 4th quarter. National Pension Service now owns 636,270 shares of the industrial products company’s stock valued at $50,405,000 after buying an additional 18,289 shares in the last quarter. Norges Bank purchased a new position in shares of Ingersoll Rand in the fourth quarter valued at $407,915,000. Finally, Hsbc Holdings PLC increased its holdings in shares of Ingersoll Rand by 4.4% in the 1st quarter. Hsbc Holdings PLC now owns 705,454 shares of the industrial products company’s stock worth $56,415,000 after buying an additional 29,914 shares during the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Wall Street Zen cut shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Stifel Nicolaus raised shares of Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a research note on Monday, August 3rd. Evercore set a $84.00 price target on Ingersoll Rand in a report on Monday, May 11th. Morgan Stanley set a $87.00 price objective on shares of Ingersoll Rand in a research note on Monday, August 10th. Finally, Robert W. Baird raised their price target on Ingersoll Rand from $103.00 to $109.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $96.14.

Insider Buying and Selling

In other Ingersoll Rand news, Director Aurobind Satpathy purchased 11,538 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was bought at an average cost of $86.68 per share, with a total value of $1,000,113.84. Following the acquisition, the director directly owned 11,538 shares of the company’s stock, valued at approximately $1,000,113.84. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.49% of the stock is owned by company insiders.

Ingersoll Rand Stock Down 0.6%

NYSE IR opened at $78.52 on Friday. The company has a market cap of $30.47 billion, a P/E ratio of 32.31, a P/E/G ratio of 4.97 and a beta of 1.17. Ingersoll Rand Inc. has a one year low of $68.07 and a one year high of $100.96. The business has a fifty day moving average price of $82.02 and a 200 day moving average price of $81.90. 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 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. 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 during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the firm posted $0.80 earnings per share. Ingersoll Rand’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 anticipate that Ingersoll Rand Inc. will post 3.39 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Thursday, August 13th. Ingersoll Rand’s dividend payout ratio (DPR) is presently 3.29%.

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.