Louisiana State Employees Retirement System Invests $1.45 Million in Ingersoll Rand Inc. $IR

Louisiana State Employees Retirement System bought a new position in shares of Ingersoll Rand Inc. (NYSE:IR) in the first quarter, HoldingsChannel reports. The fund bought 18,100 shares of the industrial products company’s stock, valued at approximately $1,450,000.

Several other large investors have also recently bought and sold shares of the business. Nordea Investment Management AB lifted its stake in Ingersoll Rand by 9.9% during the fourth quarter. Nordea Investment Management AB now owns 2,219,327 shares of the industrial products company’s stock worth $177,324,000 after purchasing an additional 200,689 shares during the last quarter. Hudson Bay Capital Management LP purchased a new position in Ingersoll Rand in the third quarter valued at approximately $1,533,000. Capital International Sarl increased its stake in Ingersoll Rand by 38.2% in the third quarter. Capital International Sarl now owns 485,356 shares of the industrial products company’s stock valued at $40,100,000 after purchasing an additional 134,035 shares during the last quarter. Capital International Ltd. CA raised its holdings in Ingersoll Rand by 43.8% during the third quarter. Capital International Ltd. CA now owns 214,251 shares of the industrial products company’s stock worth $17,701,000 after purchasing an additional 65,236 shares in the last quarter. Finally, Swiss Life Asset Management Ltd lifted its position in shares of Ingersoll Rand by 29.5% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 89,431 shares of the industrial products company’s stock worth $7,389,000 after buying an additional 20,381 shares during the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Stock Performance

Shares of IR opened at $80.61 on Friday. The company’s 50 day simple moving average is $75.64 and its 200-day simple moving average is $82.62. The firm has a market cap of $31.54 billion, a PE ratio of 54.46, a price-to-earnings-growth ratio of 5.11 and a beta of 1.17. Ingersoll Rand Inc. has a 12-month low of $68.07 and a 12-month high of $100.96. The company has a current ratio of 2.23, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47.

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

Ingersoll Rand Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th 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, May 14th. Ingersoll Rand’s dividend payout ratio is presently 5.41%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Morgan Stanley lowered their target price on shares of Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating for the company in a report on Wednesday, June 3rd. Wall Street Zen cut shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a research note on Wednesday, June 24th. Wells Fargo & Company dropped their price objective on Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Finally, Barclays cut their target price on Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $92.75.

Insider Buying and Selling at Ingersoll Rand

In other news, insider Vicente Reynal sold 30,492 shares of the stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $88.00, for a total transaction of $2,683,296.00. Following the completion of the sale, the insider owned 209,534 shares in the company, valued at approximately $18,438,992. This represents a 12.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.49% of the company’s stock.

Ingersoll Rand Company 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.