Pacer Advisors Inc. Has $1.69 Million Position in Ingersoll Rand Inc. $IR

Pacer Advisors Inc. lessened its position in Ingersoll Rand Inc. (NYSE:IR) by 32.0% in the 1st quarter, Holdings Channel reports. The firm owned 21,085 shares of the industrial products company’s stock after selling 9,903 shares during the period. Pacer Advisors Inc.’s holdings in Ingersoll Rand were worth $1,689,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp raised its position in shares of Ingersoll Rand by 388.7% during the first quarter. Fifth Third Bancorp now owns 81,961 shares of the industrial products company’s stock worth $6,567,000 after purchasing an additional 65,189 shares during the period. National Pension Service grew its position in shares of Ingersoll Rand by 3.0% in the 4th quarter. National Pension Service now owns 636,270 shares of the industrial products company’s stock valued at $50,405,000 after purchasing an additional 18,289 shares during the period. Strs Ohio increased its stake in Ingersoll Rand by 11.2% during the 4th quarter. Strs Ohio now owns 237,624 shares of the industrial products company’s stock worth $18,825,000 after purchasing an additional 23,974 shares in the last quarter. Norges Bank bought a new stake in Ingersoll Rand during the 4th quarter worth approximately $407,915,000. Finally, Hsbc Holdings PLC raised its holdings in Ingersoll Rand by 4.4% during the 1st quarter. Hsbc Holdings PLC now owns 705,454 shares of the industrial products company’s stock worth $56,415,000 after buying an additional 29,914 shares during the period. 95.27% of the stock is owned by institutional investors.

Ingersoll Rand Price Performance

NYSE:IR opened at $87.06 on Friday. The stock has a market capitalization of $33.78 billion, a PE ratio of 35.83, a P/E/G ratio of 5.48 and a beta of 1.17. Ingersoll Rand Inc. has a 1-year low of $68.07 and a 1-year high of $100.96. The firm has a fifty day simple moving average of $79.73 and a 200 day simple moving average of $82.75. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.40.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.03. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the firm posted $0.80 earnings per share. The company’s quarterly revenue 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. On average, research analysts expect that Ingersoll Rand Inc. will post 3.38 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

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

Analyst Ratings Changes

Several research firms have recently weighed in on IR. Robert W. Baird upped their price target on shares of Ingersoll Rand from $103.00 to $109.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Wall Street Zen lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Morgan Stanley decreased 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 research report on Wednesday, June 3rd. Barclays lowered their price target on shares of Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Finally, Wells Fargo & Company cut their price target on shares of Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $95.14.

Insider Buying and Selling

In other Ingersoll Rand news, Director Aurobind Satpathy purchased 11,538 shares of the stock in a transaction on Monday, August 3rd. The shares were purchased at an average price of $86.68 per share, with a total value of $1,000,113.84. Following the completion of the transaction, the director directly owned 11,538 shares in the company, valued at $1,000,113.84. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.49% of the company’s stock.

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.