Mill Capital Management LLC Acquires New Position in Ingersoll Rand Inc. $IR

Mill Capital Management LLC bought a new position in Ingersoll Rand Inc. (NYSE:IR) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 13,095 shares of the industrial products company’s stock, valued at approximately $1,074,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IR. AQR Capital Management LLC increased its stake in shares of Ingersoll Rand by 12.7% in the first quarter. AQR Capital Management LLC now owns 37,078 shares of the industrial products company’s stock worth $2,904,000 after purchasing an additional 4,167 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Ingersoll Rand by 4.8% during the 1st quarter. NewEdge Advisors LLC now owns 6,168 shares of the industrial products company’s stock valued at $494,000 after purchasing an additional 282 shares during the period. Empowered Funds LLC lifted its stake in shares of Ingersoll Rand by 6.2% during the 1st quarter. Empowered Funds LLC now owns 7,731 shares of the industrial products company’s stock valued at $619,000 after buying an additional 454 shares in the last quarter. Woodline Partners LP purchased a new position in shares of Ingersoll Rand during the 1st quarter valued at $643,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Ingersoll Rand by 663.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 74,615 shares of the industrial products company’s stock worth $6,206,000 after buying an additional 64,838 shares during the period. Institutional investors own 95.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on IR shares. Stifel Nicolaus upgraded Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a research note on Monday, August 3rd. Barclays dropped their price objective on Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Wells Fargo & Company cut their target price on Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Evercore set a $84.00 target price on Ingersoll Rand in a research note on Monday, May 11th. Finally, Weiss Ratings raised Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $96.14.

Ingersoll Rand Trading Down 1.1%

Shares of Ingersoll Rand stock opened at $83.33 on Friday. Ingersoll Rand Inc. has a twelve month low of $68.07 and a twelve month high of $100.96. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average price of $81.07 and a 200-day moving average price of $82.65. The firm has a market cap of $32.33 billion, a price-to-earnings ratio of 34.29, a PEG ratio of 5.31 and a beta of 1.17.

Ingersoll Rand (NYSE:IR) last posted its earnings results on Thursday, July 30th. The industrial products company reported $0.86 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 period in the previous year, the business earned $0.80 earnings per share. The firm’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. Equities research analysts anticipate that Ingersoll Rand Inc. will post 3.38 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

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

Insider Activity

In other news, Director Aurobind Satpathy bought 11,538 shares of the stock in a transaction dated Monday, August 3rd. The stock was purchased at an average cost of $86.68 per share, for a total transaction of $1,000,113.84. Following the transaction, the director owned 11,538 shares of the company’s stock, valued at $1,000,113.84. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.49% of the stock is owned by company insiders.

Ingersoll Rand Profile

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.