Sanctuary Advisors LLC Buys Shares of 28,107 Ingersoll Rand Inc. $IR

Sanctuary Advisors LLC bought a new position in shares of Ingersoll Rand Inc. (NYSE:IR) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 28,107 shares of the industrial products company’s stock, valued at approximately $2,304,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bell Investment Advisors Inc purchased a new stake in shares of Ingersoll Rand during the second quarter worth about $26,000. Deseret Mutual Benefit Administrators increased its position in Ingersoll Rand by 46.9% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 112 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new position in shares of Ingersoll Rand during the 4th quarter valued at $29,000. Reflection Asset Management purchased a new stake in shares of Ingersoll Rand during the 4th quarter valued at about $31,000. Finally, Torren Management LLC acquired a new stake in Ingersoll Rand during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Stock Performance

IR stock opened at $78.61 on Wednesday. The company has a 50-day simple moving average of $81.93 and a 200 day simple moving average of $82.17. The company has a market capitalization of $30.50 billion, a P/E ratio of 32.35, a PEG ratio of 5.03 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 Inc. has a fifty-two week low of $68.07 and a fifty-two week high of $100.96.

Ingersoll Rand (NYSE:IR) last issued 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 net margin of 12.08% and a return on equity of 12.90%. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the business posted $0.80 EPS. 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. Sell-side analysts predict that Ingersoll Rand Inc. will post 3.39 earnings per share 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 $0.02 dividend. The ex-dividend date is Thursday, August 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand’s dividend payout ratio is 3.29%.

Insiders Place Their Bets

In other news, Director Aurobind Satpathy bought 11,538 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were purchased at an average cost of $86.68 per share, with a total value of $1,000,113.84. Following the completion of the acquisition, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on IR. Barclays decreased their price target on shares of Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Wall Street Zen downgraded Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Morgan Stanley set a $87.00 target price on Ingersoll Rand in a report on Monday, August 10th. Wells Fargo & Company dropped their price target on Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Finally, Stifel Nicolaus upgraded Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a research report on Monday, August 3rd. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Ingersoll Rand has an average rating of “Moderate Buy” and a consensus 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.