California State Teachers Retirement System Increases Stock Position in Ingersoll Rand Inc. $IR

California State Teachers Retirement System grew its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 6,908.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,276,076 shares of the industrial products company’s stock after purchasing an additional 43,644,342 shares during the period. California State Teachers Retirement System owned approximately 0.11% of Ingersoll Rand worth $3,630,195,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. AQR Capital Management LLC boosted 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 valued at $2,904,000 after buying an additional 4,167 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Ingersoll Rand by 4.8% during the first quarter. NewEdge Advisors LLC now owns 6,168 shares of the industrial products company’s stock worth $494,000 after acquiring an additional 282 shares during the period. Empowered Funds LLC raised its position in Ingersoll Rand by 6.2% in the first quarter. Empowered Funds LLC now owns 7,731 shares of the industrial products company’s stock worth $619,000 after acquiring an additional 454 shares in the last quarter. Woodline Partners LP purchased a new position in Ingersoll Rand in the first quarter worth $643,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Ingersoll Rand by 663.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 74,615 shares of the industrial products company’s stock valued at $6,206,000 after acquiring an additional 64,838 shares during the period. 95.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Aurobind Satpathy purchased 11,538 shares of the stock in a transaction dated Monday, August 3rd. The stock was acquired at an average cost of $86.68 per share, for a total transaction of $1,000,113.84. Following the completion of the acquisition, the director directly owned 11,538 shares in the company, valued at $1,000,113.84. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.49% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

IR has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. Stifel Nicolaus upgraded 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 shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Morgan Stanley set a $87.00 target price on shares of Ingersoll Rand in a research report on Monday, August 10th. Finally, Robert W. Baird increased their target price 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. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $96.14.

Ingersoll Rand Price Performance

Shares of NYSE:IR opened at $73.02 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.15 and a current ratio of 1.62. The business’s fifty day moving average price is $81.13 and its two-hundred day moving average price is $80.39. The stock has a market cap of $28.33 billion, a PE ratio of 30.05, a price-to-earnings-growth ratio of 4.63 and a beta of 1.15. Ingersoll Rand Inc. has a one year low of $68.07 and a one year high of $100.96.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.86 earnings per share 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 during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the firm posted $0.80 earnings per share. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. On average, analysts forecast that Ingersoll Rand Inc. will post 3.39 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th were paid 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 was Thursday, August 13th. Ingersoll Rand’s dividend payout ratio (DPR) is currently 3.29%.

Ingersoll Rand Profile

Ingersoll Rand Inc (NYSE:IR) is a global industrial company that provides mission-critical equipment, technologies and services for managing air, gas and fluids. Its offerings are used in manufacturing, energy, transportation, food and beverage, life sciences, chemical processing and other industrial applications.

The company’s products include compressors, vacuum and blower systems, air treatment equipment, pumps, fluid-handling systems, power tools and related aftermarket parts and services.