OP Asset Management Ltd Invests $3.45 Million in Ingersoll Rand Inc. $IR

OP Asset Management Ltd purchased a new stake in shares of Ingersoll Rand Inc. (NYSE:IR) during the 1st quarter, Holdings Channel reports. The fund purchased 43,104 shares of the industrial products company’s stock, valued at approximately $3,453,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IR. AQR Capital Management LLC raised its holdings in Ingersoll Rand by 12.7% during the 1st 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 during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Ingersoll Rand by 4.8% in 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 last quarter. Empowered Funds LLC grew its position 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 worth $619,000 after buying an additional 454 shares during the period. Woodline Partners LP acquired a new stake in shares of Ingersoll Rand during the 1st quarter worth approximately $643,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Ingersoll Rand by 663.2% during the second 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 last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Ingersoll Rand Trading Down 0.2%

Shares of NYSE IR opened at $81.52 on Friday. Ingersoll Rand Inc. has a twelve month low of $68.07 and a twelve month high of $100.96. The stock has a market cap of $31.90 billion, a price-to-earnings ratio of 55.08, a P/E/G ratio of 5.17 and a beta of 1.19. The company has a quick ratio of 1.59, a current ratio of 2.23 and a debt-to-equity ratio of 0.47. The company’s fifty day moving average is $75.96 and its 200-day moving average is $82.59.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.74 by $0.03. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.83 billion. Ingersoll Rand had a return on equity of 12.79% and a net margin of 7.54%.The firm’s revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Equities research analysts predict that Ingersoll Rand Inc. will post 3.37 EPS for the current year.

Ingersoll Rand Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Ingersoll Rand’s dividend payout ratio (DPR) is currently 5.41%.

Insider Buying and Selling at Ingersoll Rand

In other news, insider Vicente Reynal sold 30,492 shares of Ingersoll Rand stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $88.00, for a total transaction of $2,683,296.00. Following the transaction, the insider owned 209,534 shares in the company, valued at $18,438,992. The trade was a 12.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.49% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on IR shares. Barclays cut their price target on Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Wall Street Zen downgraded Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Wells Fargo & Company cut their target price on Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Citigroup reduced their target price on Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Finally, Stifel Nicolaus decreased their target price on Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating for the company in a research report on Tuesday, April 14th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Ingersoll Rand presently has an average rating of “Hold” and a consensus price target of $92.75.

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.