Jupiter Topco LLC Makes New Investment in Ingersoll Rand Inc. $IR

Jupiter Topco LLC acquired a new stake in shares of Ingersoll Rand Inc. (NYSE:IR) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 6,679,206 shares of the industrial products company’s stock, valued at approximately $547,628,000.

Other hedge funds also recently made changes to their positions in the company. Hsbc Holdings PLC purchased a new position in Ingersoll Rand during the second quarter valued at approximately $65,397,000. EFG International AG bought a new position in shares of Ingersoll Rand in the second quarter worth approximately $108,000. Canada Pension Plan Investment Board purchased a new stake in shares of Ingersoll Rand in the second quarter worth $14,369,000. Osterweis Capital Management Inc. bought a new stake in shares of Ingersoll Rand during the 2nd quarter valued at $52,000. Finally, Legal & General Group Plc bought a new stake in shares of Ingersoll Rand during the 2nd quarter valued at $169,143,000. 95.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Aurobind Satpathy purchased 11,538 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was acquired 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 of the company’s stock, valued at $1,000,113.84. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.49% of the stock is owned by corporate insiders.

Ingersoll Rand Price Performance

Shares of NYSE:IR opened at $78.61 on Wednesday. The firm has a market cap of $30.50 billion, a price-to-earnings ratio of 32.35, a P/E/G ratio of 5.03 and a beta of 1.17. The firm has a fifty day moving average price of $81.93 and a 200 day moving average price of $82.17. Ingersoll Rand Inc. has a fifty-two week low of $68.07 and a fifty-two week high of $100.96. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.15 and a current ratio of 1.62.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. The company had revenue of $2.05 billion for 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%. Ingersoll Rand’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.80 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. As a group, sell-side analysts expect that Ingersoll Rand Inc. will post 3.39 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Ingersoll Rand’s dividend payout ratio is presently 3.29%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Weiss Ratings raised shares of Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. Evercore set a $84.00 price target on Ingersoll Rand in a report on Monday, May 11th. 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 research report on Monday, August 3rd. Wall Street Zen lowered Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Finally, Morgan Stanley set a $87.00 target price on Ingersoll Rand in a research report on Monday, August 10th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Ingersoll Rand has an average rating of “Moderate Buy” and a consensus price target of $96.14.

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.