Man Group plc Invests $1.68 Million in Ingersoll Rand Inc. $IR

Man Group plc bought a new stake in Ingersoll Rand Inc. (NYSE:IR) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 20,430 shares of the industrial products company’s stock, valued at approximately $1,675,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Fifth Third Bancorp grew its holdings in Ingersoll Rand by 388.7% in the first quarter. Fifth Third Bancorp now owns 81,961 shares of the industrial products company’s stock valued at $6,567,000 after purchasing an additional 65,189 shares during the period. National Pension Service raised its stake in Ingersoll Rand by 3.0% during the fourth quarter. National Pension Service now owns 636,270 shares of the industrial products company’s stock worth $50,405,000 after purchasing an additional 18,289 shares during the period. Norges Bank purchased a new position in Ingersoll Rand during the fourth quarter worth approximately $407,915,000. Hsbc Holdings PLC boosted its holdings in shares of Ingersoll Rand by 4.4% in the 1st quarter. Hsbc Holdings PLC now owns 705,454 shares of the industrial products company’s stock valued at $56,415,000 after purchasing an additional 29,914 shares during the last quarter. Finally, Pinebridge Investments LLC purchased a new stake in shares of Ingersoll Rand during the 4th quarter valued at $5,016,000. 95.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Ingersoll Rand Stock Down 3.2%

Shares of Ingersoll Rand stock opened at $74.56 on Wednesday. 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 $28.93 billion, a price-to-earnings ratio of 30.68, a price-to-earnings-growth ratio of 4.85 and a beta of 1.15. 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 company has a fifty day moving average price of $81.95 and a 200 day moving average price of $81.48.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.86 EPS 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 for the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the previous year, the firm posted $0.80 earnings per share. The firm’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. Equities research analysts forecast that Ingersoll Rand Inc. will post 3.39 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.08 annualized dividend and a yield of 0.1%. Ingersoll Rand’s payout ratio is 3.29%.

Insider Buying and Selling

In related news, Director Aurobind Satpathy purchased 11,538 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was purchased at an average price of $86.68 per share, for a total transaction of $1,000,113.84. Following the acquisition, the director directly owned 11,538 shares in the company, valued at $1,000,113.84. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.49% of the company’s stock.

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.