National Pension Service Purchases 62,411 Shares of Ingersoll Rand Inc. $IR

National Pension Service raised its position in Ingersoll Rand Inc. (NYSE:IR) by 10.8% during the second quarter, Holdings Channel reports. The fund owned 639,205 shares of the industrial products company’s stock after acquiring an additional 62,411 shares during the period. National Pension Service’s holdings in Ingersoll Rand were worth $52,408,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Bell Investment Advisors Inc bought a new position in shares of Ingersoll Rand during the 2nd quarter valued at about $26,000. Continuum Advisory LLC bought a new stake in Ingersoll Rand during the 2nd quarter valued at about $27,000. Deseret Mutual Benefit Administrators lifted its holdings in shares of Ingersoll Rand by 46.9% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock worth $28,000 after buying an additional 112 shares during the period. Hilton Head Capital Partners LLC bought a new position in shares of Ingersoll Rand during the fourth quarter valued at approximately $29,000. Finally, Reflection Asset Management bought a new position in Ingersoll Rand in the fourth quarter worth about $31,000. 95.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Aurobind Satpathy purchased 11,538 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 11,538 shares of the company’s stock, valued at approximately $1,000,113.84. This trade represents a ? increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.49% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on IR. Wall Street Zen cut Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. 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 note on Monday, August 3rd. Morgan Stanley set a $87.00 target price on Ingersoll Rand in a report on Monday, August 10th. Weiss Ratings upgraded Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. Finally, Robert W. Baird boosted their target price on Ingersoll Rand from $103.00 to $109.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $96.14.

Ingersoll Rand Stock Down 0.3%

IR stock opened at $72.84 on Friday. The firm has a market cap of $28.26 billion, a price-to-earnings ratio of 29.98, a PEG ratio of 4.58 and a beta of 1.15. The firm has a fifty day moving average price of $80.98 and a two-hundred day moving average price of $80.34. Ingersoll Rand Inc. has a 1-year low of $68.07 and a 1-year high of $100.96. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.62 and a quick ratio of 1.15.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.86 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 business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the business earned $0.80 earnings per share. The business’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. Research analysts predict that Ingersoll Rand Inc. will post 3.39 EPS for the current year.

Ingersoll Rand Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 13th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date was Thursday, August 13th. Ingersoll Rand’s dividend payout ratio (DPR) is 3.29%.

About Ingersoll Rand

Ingersoll Rand Inc (NYSE:IR) is a global industrial company that provides mission-critical equipment, technologies and services for managing air, gas and fluids. Its offerings are used in manufacturing, energy, transportation, food and beverage, life sciences, chemical processing and other industrial applications.

The company’s products include compressors, vacuum and blower systems, air treatment equipment, pumps, fluid-handling systems, power tools and related aftermarket parts and services.