Public Employees Retirement System of Ohio Takes $9.15 Million Position in Ingersoll Rand Inc. $IR

Public Employees Retirement System of Ohio acquired a new stake in Ingersoll Rand Inc. (NYSE:IR) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 111,576 shares of the industrial products company’s stock, valued at approximately $9,148,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bell Investment Advisors Inc acquired a new stake in shares of Ingersoll Rand during the 2nd quarter valued at approximately $26,000. Deseret Mutual Benefit Administrators grew 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 acquiring an additional 112 shares during the period. Hilton Head Capital Partners LLC purchased a new position in Ingersoll Rand in the 4th quarter valued at approximately $29,000. Reflection Asset Management purchased a new position in Ingersoll Rand in the 4th quarter valued at approximately $31,000. Finally, Arax Advisory Partners acquired a new position in Ingersoll Rand during the fourth quarter worth $35,000. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Ingersoll Rand

In other news, Director Aurobind Satpathy acquired 11,538 shares of Ingersoll Rand stock in a transaction dated Monday, August 3rd. The shares were acquired at an average cost of $86.68 per share, with a total value of $1,000,113.84. Following the purchase, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.49% of the stock is owned by corporate insiders.

Ingersoll Rand Stock Down 1.8%

Shares of IR opened at $77.13 on Tuesday. Ingersoll Rand Inc. has a fifty-two week low of $68.07 and a fifty-two week high of $100.96. The company’s fifty day moving average is $82.00 and its two-hundred day moving average is $81.64. The firm has a market cap of $29.93 billion, a PE ratio of 31.74, a price-to-earnings-growth ratio of 4.94 and a beta of 1.17. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 0.40.

Ingersoll Rand (NYSE:IR) last issued its earnings results on Thursday, July 30th. The industrial products company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.03. Ingersoll Rand had a return on equity of 12.90% and a net margin of 12.08%.The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the company posted $0.80 EPS. The business’s quarterly revenue was up 8.5% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. Analysts forecast that Ingersoll Rand Inc. will post 3.39 earnings per share for the current 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 $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Thursday, August 13th. Ingersoll Rand’s dividend payout ratio (DPR) is 3.29%.

Wall Street Analysts Forecast Growth

IR has been the topic of a number of research reports. Morgan Stanley set a $87.00 price objective on shares of Ingersoll Rand in a research note on Monday, August 10th. Robert W. Baird upped their price target on shares of Ingersoll Rand from $103.00 to $109.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Stifel Nicolaus raised shares of Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a research note on Monday, August 3rd. Wall Street Zen downgraded Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Finally, Evercore set a $84.00 target price on Ingersoll Rand in a research note on Monday, May 11th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.14.

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.