Strs Ohio Buys 42,586 Shares of Ingersoll Rand Inc. $IR

Strs Ohio boosted its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 17.9% in the 1st quarter, HoldingsChannel reports. The fund owned 280,210 shares of the industrial products company’s stock after buying an additional 42,586 shares during the quarter. Strs Ohio’s holdings in Ingersoll Rand were worth $22,450,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Deseret Mutual Benefit Administrators lifted its position in Ingersoll Rand by 46.9% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 112 shares during the last quarter. Hilton Head Capital Partners LLC bought a new position in shares of Ingersoll Rand in the fourth quarter worth approximately $29,000. Reflection Asset Management purchased a new position in shares of Ingersoll Rand in the fourth quarter worth $31,000. Torren Management LLC purchased a new position in shares of Ingersoll Rand in the fourth quarter worth $32,000. Finally, Salomon & Ludwin LLC raised its holdings in Ingersoll Rand by 166.9% during the 4th quarter. Salomon & Ludwin LLC now owns 427 shares of the industrial products company’s stock valued at $35,000 after buying an additional 267 shares during the last quarter. 95.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IR has been the subject of several analyst reports. Morgan Stanley dropped their price target on shares of Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 3rd. Wells Fargo & Company lowered their price objective on shares of Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Stifel Nicolaus dropped their target price on shares of Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating for the company in a report on Tuesday, April 14th. Barclays cut their target price on Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a report on Wednesday, June 24th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Ingersoll Rand presently has a consensus rating of “Hold” and a consensus target price of $92.75.

Insider Buying and Selling at Ingersoll Rand

In other news, insider Vicente Reynal sold 30,492 shares of the stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $88.00, for a total value of $2,683,296.00. Following the completion of the transaction, the insider owned 209,534 shares of the company’s stock, valued at approximately $18,438,992. This represents a 12.70% decrease in their position. The sale was disclosed in a legal 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 Trading Up 0.0%

NYSE:IR opened at $80.61 on Friday. The company has a 50-day moving average price of $75.58 and a 200-day moving average price of $82.60. 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 2.23, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47. The stock has a market cap of $31.54 billion, a price-to-earnings ratio of 54.46, a P/E/G ratio of 5.10 and a beta of 1.17.

Ingersoll Rand (NYSE:IR) last announced its earnings results on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. Ingersoll Rand had a net margin of 7.54% and a return on equity of 12.79%. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the previous year, the firm posted $0.72 EPS. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Equities analysts predict that Ingersoll Rand Inc. will post 3.37 EPS for the current year.

Ingersoll Rand Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were issued a dividend of $0.02 per share. The ex-dividend date was Thursday, May 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Ingersoll Rand’s dividend payout ratio is 5.41%.

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.