Core Capital Management & Research inc. Acquires Shares of 34,495 Ingersoll Rand Inc. $IR

Core Capital Management & Research inc. acquired a new position in shares of Ingersoll Rand Inc. (NYSE:IR) during the 2nd quarter, Holdings Channel reports. The firm acquired 34,495 shares of the industrial products company’s stock, valued at approximately $2,775,000. Ingersoll Rand makes up 1.5% of Core Capital Management & Research inc.’s holdings, making the stock its 25th biggest position.

Other institutional investors also recently modified their holdings of the company. Bell Investment Advisors Inc acquired a new position in shares of Ingersoll Rand in the second quarter valued at about $26,000. Continuum Advisory LLC acquired a new stake in Ingersoll Rand in the 2nd quarter worth about $27,000. Deseret Mutual Benefit Administrators raised its stake in 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 purchasing an additional 112 shares in the last quarter. Hilton Head Capital Partners LLC bought a new stake in Ingersoll Rand in the 4th quarter valued at about $29,000. Finally, Reflection Asset Management bought a new stake in Ingersoll Rand in the 4th quarter valued at about $31,000. Institutional investors own 95.27% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on IR shares. Wall Street Zen cut shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Weiss Ratings upgraded Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. Morgan Stanley set a $87.00 price target on Ingersoll Rand in a research report on Monday, August 10th. Robert W. Baird raised their price objective on Ingersoll Rand from $103.00 to $109.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Finally, Stifel Nicolaus raised Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.14.

Ingersoll Rand Trading Down 1.9%

Shares of Ingersoll Rand stock opened at $73.70 on Thursday. The company has a market capitalization of $28.59 billion, a price-to-earnings ratio of 30.33, a PEG ratio of 4.72 and a beta of 1.15. 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 12-month low of $68.07 and a 12-month high of $100.96. The firm’s 50-day moving average price is $81.29 and its two-hundred day moving average price is $80.55.

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. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.96 billion. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.80 EPS. 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 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

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

Insider Activity

In other Ingersoll Rand news, Director Aurobind Satpathy purchased 11,538 shares of the stock in a transaction dated Monday, August 3rd. The stock was bought at an average price of $86.68 per share, with a total value of $1,000,113.84. Following the acquisition, the director owned 11,538 shares of the company’s stock, valued at approximately $1,000,113.84. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.49% of the company’s stock.

About Ingersoll Rand

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.