Evolve Private Wealth LLC Takes $769,000 Position in Ingersoll Rand Inc. $IR

Evolve Private Wealth LLC bought a new stake in shares of Ingersoll Rand Inc. (NYSE:IR) in the 2nd quarter, HoldingsChannel reports. The fund bought 9,385 shares of the industrial products company’s stock, valued at approximately $769,000.

A number of other hedge funds also recently modified their holdings of IR. Capital International Investors increased its position in Ingersoll Rand by 4.7% in the fourth quarter. Capital International Investors now owns 52,353,914 shares of the industrial products company’s stock worth $4,147,878,000 after buying an additional 2,351,781 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Ingersoll Rand during the 2nd quarter valued at $2,484,319,000. T. Rowe Price Investment Management Inc. lifted its position in shares of Ingersoll Rand by 18.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 21,791,309 shares of the industrial products company’s stock valued at $1,726,308,000 after buying an additional 3,423,501 shares during the last quarter. Capital Research Global Investors grew its stake in shares of Ingersoll Rand by 1.2% during the 4th quarter. Capital Research Global Investors now owns 19,476,801 shares of the industrial products company’s stock worth $1,543,017,000 after acquiring an additional 222,125 shares during the period. Finally, Franklin Resources Inc. increased its holdings in Ingersoll Rand by 8.6% in the 4th quarter. Franklin Resources Inc. now owns 15,641,979 shares of the industrial products company’s stock worth $1,239,158,000 after acquiring an additional 1,237,527 shares during the last quarter. Institutional investors own 95.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on IR. Weiss Ratings raised shares of Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. Stifel Nicolaus upgraded shares of Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a research note on Monday, August 3rd. Barclays dropped their price target on shares of Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Robert W. Baird lifted 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. Finally, Wall Street Zen downgraded Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $96.14.

Insider Activity at Ingersoll Rand

In related news, Director Aurobind Satpathy acquired 11,538 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were bought at an average cost of $86.68 per share, for a total transaction of $1,000,113.84. Following the completion of 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.49% of the company’s stock.

Ingersoll Rand Stock Performance

Ingersoll Rand stock opened at $80.01 on Tuesday. Ingersoll Rand Inc. has a 1-year low of $68.07 and a 1-year 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. The firm has a market capitalization of $31.04 billion, a PE ratio of 32.93, a price-to-earnings-growth ratio of 5.06 and a beta of 1.17. The firm’s 50 day simple moving average is $81.93 and its 200 day simple moving average is $82.30.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. Ingersoll Rand had a return on equity of 12.90% and a net margin of 12.08%.The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the business posted $0.80 earnings per share. The firm’s revenue was up 8.5% compared to the same quarter last year. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. As a group, analysts expect that Ingersoll Rand Inc. will post 3.39 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The firm also recently declared 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. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Thursday, August 13th. Ingersoll Rand’s dividend payout ratio (DPR) is 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.