14,600 Shares in Ingersoll Rand Inc. $IR Acquired by Nwam LLC

Nwam LLC acquired a new stake in Ingersoll Rand Inc. (NYSE:IR) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 14,600 shares of the industrial products company’s stock, valued at approximately $1,197,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Teza Capital Management LLC acquired a new position in shares of Ingersoll Rand in the 2nd quarter worth approximately $207,000. Moore Capital Management LP purchased a new stake in Ingersoll Rand in the second quarter valued at approximately $9,223,000. Two Sigma Securities LLC purchased a new stake in Ingersoll Rand in the second quarter valued at approximately $1,488,000. Alyeska Investment Group L.P. acquired a new position in Ingersoll Rand during the second quarter worth $23,448,000. Finally, Flputnam Investment Management Co. purchased a new position in shares of Ingersoll Rand during the second quarter worth $2,178,000. 95.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ingersoll Rand

In other news, Director Aurobind Satpathy bought 11,538 shares of Ingersoll Rand stock in a transaction that occurred on Monday, August 3rd. The shares were purchased at an average price of $86.68 per share, with a total value of $1,000,113.84. Following the completion of the acquisition, the director directly owned 11,538 shares in the company, valued at $1,000,113.84. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.49% of the company’s stock.

Ingersoll Rand Stock Up 0.4%

Shares of NYSE IR opened at $74.95 on Thursday. The stock has a market cap of $29.08 billion, a P/E ratio of 30.84, a PEG ratio of 4.69 and a beta of 1.15. The business’s fifty day simple moving average is $81.89 and its 200-day simple moving average is $81.34. Ingersoll Rand Inc. has a 12-month low of $68.07 and a 12-month high of $100.96. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.40.

Ingersoll Rand (NYSE:IR) last released its earnings results on Thursday, July 30th. The industrial products company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.83 by $0.03. Ingersoll Rand had a return on equity of 12.90% and a net margin of 12.08%.The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the firm posted $0.80 EPS. Ingersoll Rand’s revenue for the quarter was up 8.5% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. As a group, equities analysts predict 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 given a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Ingersoll Rand’s payout ratio is currently 3.29%.

Analyst Ratings Changes

Several research firms recently issued reports on IR. Robert W. Baird boosted their price objective on Ingersoll Rand from $103.00 to $109.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Stifel Nicolaus raised Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a research report on Monday, August 3rd. Wall Street Zen lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Morgan Stanley set a $87.00 price target on shares of Ingersoll Rand in a research report on Monday, August 10th. Finally, Evercore set a $84.00 price objective on shares of Ingersoll Rand in a research note on Monday, May 11th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.