Wealthfront Advisers LLC Acquires New Position in Ingersoll Rand Inc. $IR

Wealthfront Advisers LLC acquired a new stake in Ingersoll Rand Inc. (NYSE:IR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 28,418 shares of the industrial products company’s stock, valued at approximately $2,330,000.

A number of other hedge funds have also added to or reduced their stakes in IR. Bell Investment Advisors Inc purchased a new position in shares of Ingersoll Rand during the second quarter worth approximately $26,000. Deseret Mutual Benefit Administrators boosted its holdings in shares of 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 period. Hilton Head Capital Partners LLC bought a new position in Ingersoll Rand in the fourth quarter worth approximately $29,000. Reflection Asset Management purchased a new position in Ingersoll Rand during the 4th quarter worth $31,000. Finally, Torren Management LLC purchased a new position in Ingersoll Rand during the 4th quarter worth $32,000. 95.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Ingersoll Rand Stock Down 2.3%

Shares of NYSE IR opened at $79.25 on Friday. 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 capitalization of $30.75 billion, a PE ratio of 32.61, a price-to-earnings-growth ratio of 5.10 and a beta of 1.17. The stock’s fifty day simple moving average is $81.73 and its two-hundred day simple moving average is $82.46. Ingersoll Rand Inc. has a 12-month low of $68.07 and a 12-month high of $100.96.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.86 earnings per share (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 the consensus estimate of $1.96 billion. Ingersoll Rand had a return on equity of 12.90% and a net margin of 12.08%.The business’s revenue was up 8.5% compared to the same quarter last year. During the same period last 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 expect that Ingersoll Rand Inc. will post 3.39 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 given a $0.02 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Ingersoll Rand’s payout ratio is presently 3.29%.

Analysts Set New Price Targets

Several brokerages have weighed in on IR. Morgan Stanley set a $87.00 target price on Ingersoll Rand in a report on Monday, August 10th. Stifel Nicolaus upgraded Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 price target on the stock in a research note on Monday, August 3rd. Citigroup decreased their price objective on Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Robert W. Baird upped their price objective on shares of Ingersoll Rand from $103.00 to $109.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Finally, Weiss Ratings upgraded shares of Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $96.14.

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.