Moore Capital Management LP Invests $9.22 Million in Ingersoll Rand Inc. $IR

Moore Capital Management LP acquired a new position in shares of Ingersoll Rand Inc. (NYSE:IR) in the 2nd quarter, HoldingsChannel reports. The fund acquired 112,494 shares of the industrial products company’s stock, valued at approximately $9,223,000.

A number of other institutional investors also recently modified their holdings of the stock. Capital International Investors grew its holdings 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 purchasing an additional 2,351,781 shares during the period. BlackRock Inc. acquired a new position in shares of Ingersoll Rand during the second quarter valued at about $2,484,319,000. T. Rowe Price Investment Management Inc. boosted 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 worth $1,726,308,000 after purchasing an additional 3,423,501 shares in the last quarter. Capital Research Global Investors grew its stake in shares of Ingersoll Rand by 1.2% in the 4th quarter. Capital Research Global Investors now owns 19,476,801 shares of the industrial products company’s stock valued at $1,543,017,000 after buying an additional 222,125 shares during the period. Finally, Franklin Resources Inc. grew its stake in shares of 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 valued at $1,239,158,000 after buying an additional 1,237,527 shares during the period. Institutional investors and hedge funds own 95.27% of the company’s stock.

Analysts Set New Price Targets

IR has been the topic of a number of research reports. Robert W. Baird upped their price target on Ingersoll Rand from $103.00 to $109.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Weiss Ratings upgraded Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. Stifel Nicolaus upgraded Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a report on Monday, August 3rd. Evercore set a $84.00 price target on shares of Ingersoll Rand in a research report on Monday, May 11th. Finally, Wall Street Zen lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $96.14.

Insider Buying and Selling

In other news, Director Aurobind Satpathy bought 11,538 shares of the company’s stock in a transaction 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 transaction, the director directly owned 11,538 shares in the company, valued at $1,000,113.84. This represents a ? increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.49% of the company’s stock.

Ingersoll Rand Price Performance

Shares of NYSE:IR opened at $78.52 on Monday. 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 stock has a market cap of $30.47 billion, a PE ratio of 32.31, a price-to-earnings-growth ratio of 4.94 and a beta of 1.17. The stock’s fifty day simple moving average is $82.02 and its two-hundred day simple moving average is $81.78. Ingersoll Rand Inc. has a 1-year low of $68.07 and a 1-year high of $100.96.

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, topping the consensus estimate of $0.83 by $0.03. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.96 billion. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. The business’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.80 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. As a group, analysts forecast that Ingersoll Rand Inc. will post 3.39 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be paid a $0.02 dividend. The ex-dividend date is Thursday, August 13th. This represents a $0.08 annualized dividend and a yield of 0.1%. 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.