20,082 Shares in Ingersoll Rand Inc. $IR Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. bought a new stake in shares of Ingersoll Rand Inc. (NYSE:IR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 20,082 shares of the industrial products company’s stock, valued at approximately $1,647,000.

Other hedge funds have also made changes to their positions in the company. Bell Investment Advisors Inc bought a new position in shares of Ingersoll Rand during the 2nd quarter worth $26,000. Deseret Mutual Benefit Administrators raised its holdings in shares of Ingersoll Rand by 46.9% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 112 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new stake in Ingersoll Rand in the fourth quarter worth about $29,000. Reflection Asset Management purchased a new stake in Ingersoll Rand in the fourth quarter worth about $31,000. Finally, Torren Management LLC bought a new position in Ingersoll Rand during the 4th quarter worth about $32,000. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Aurobind Satpathy bought 11,538 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 11,538 shares of the company’s stock, valued at approximately $1,000,113.84. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.49% of the stock is owned by insiders.

Ingersoll Rand Price Performance

Shares of IR stock opened at $78.61 on Wednesday. The stock’s 50-day moving average is $81.93 and its 200 day moving average is $82.17. Ingersoll Rand Inc. has a 1-year low of $68.07 and a 1-year high of $100.96. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.62 and a quick ratio of 1.15. The company has a market cap of $30.50 billion, a P/E ratio of 32.35, a PEG ratio of 5.03 and a beta of 1.17.

Ingersoll Rand (NYSE:IR) last announced its earnings results 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. The business 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 revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.80 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. Research analysts predict that Ingersoll Rand Inc. will post 3.39 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Wells Fargo & Company cut their target price 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. Barclays lowered 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. Citigroup dropped their price objective on shares of Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Evercore set a $84.00 price objective on shares of Ingersoll Rand in a report on Monday, May 11th. Finally, Morgan Stanley set a $87.00 price objective on shares of Ingersoll Rand in a research note on Monday, August 10th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.