Quantinno Capital Management LP Purchases 15,464 Shares of Ingersoll Rand Inc. $IR

Quantinno Capital Management LP increased its position in Ingersoll Rand Inc. (NYSE:IR) by 14.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 124,730 shares of the industrial products company’s stock after acquiring an additional 15,464 shares during the quarter. Quantinno Capital Management LP’s holdings in Ingersoll Rand were worth $9,993,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Fifth Third Bancorp boosted its holdings in Ingersoll Rand by 388.7% in the 1st quarter. Fifth Third Bancorp now owns 81,961 shares of the industrial products company’s stock worth $6,567,000 after buying an additional 65,189 shares during the period. National Pension Service raised its holdings in Ingersoll Rand by 3.0% during the 4th quarter. National Pension Service now owns 636,270 shares of the industrial products company’s stock valued at $50,405,000 after acquiring an additional 18,289 shares during the period. Strs Ohio lifted its position in shares of Ingersoll Rand by 11.2% during the fourth quarter. Strs Ohio now owns 237,624 shares of the industrial products company’s stock worth $18,825,000 after acquiring an additional 23,974 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of Ingersoll Rand by 4.4% during the first quarter. Hsbc Holdings PLC now owns 705,454 shares of the industrial products company’s stock worth $56,415,000 after acquiring an additional 29,914 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Ingersoll Rand in the fourth quarter worth $407,915,000. 95.27% of the stock is owned by hedge funds and other institutional investors.

Ingersoll Rand Stock Performance

NYSE:IR opened at $89.32 on Wednesday. The company has a market capitalization of $34.65 billion, a price-to-earnings ratio of 36.76, a PEG ratio of 5.55 and a beta of 1.17. The business has a 50 day moving average of $78.70 and a 200 day moving average of $82.70. 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 Inc. has a 1-year low of $68.07 and a 1-year high of $100.96.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings results 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. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the business earned $0.80 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. On average, sell-side analysts predict that Ingersoll Rand Inc. will post 3.37 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

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

Analyst Ratings Changes

A number of research firms recently issued reports on IR. Stifel Nicolaus upgraded Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 price objective on the stock in a research note on Monday. Evercore set a $84.00 target price on Ingersoll Rand in a research note on Monday, May 11th. Wells Fargo & Company reduced their target price on Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Robert W. Baird increased their price target on shares of Ingersoll Rand from $103.00 to $109.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Citigroup lowered their price target on shares of Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Ingersoll Rand currently has a consensus rating of “Moderate Buy” and an average price target of $95.14.

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.