D L Carlson Investment Group Inc. Makes New $593,000 Investment in Ingersoll Rand Inc. $IR

D L Carlson Investment Group Inc. purchased a new stake in shares of Ingersoll Rand Inc. (NYSE:IR) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 7,231 shares of the industrial products company’s stock, valued at approximately $593,000.

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

Insider Buying and Selling

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. Insiders own 0.49% of the company’s stock.

Ingersoll Rand Stock Performance

Shares of NYSE IR opened at $79.25 on Friday. The company has a market cap of $30.75 billion, a P/E ratio of 32.61, a P/E/G ratio of 5.10 and a beta of 1.17. Ingersoll Rand Inc. has a 52-week low of $68.07 and a 52-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. The firm’s fifty day moving average is $81.73 and its two-hundred day moving average is $82.46.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.86 EPS for the quarter, beating the consensus estimate 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 business’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.80 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. As a group, analysts anticipate that Ingersoll Rand Inc. will post 3.39 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 given 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 is Thursday, August 13th. Ingersoll Rand’s payout ratio is currently 3.29%.

Analysts Set New Price Targets

IR has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their price target on Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Wall Street Zen lowered Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Morgan Stanley set a $87.00 target price on Ingersoll Rand in a research report on Monday, August 10th. Stifel Nicolaus raised Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research note on Monday, August 3rd. Finally, Robert W. Baird boosted their price target on Ingersoll Rand from $103.00 to $109.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $96.14.

Ingersoll Rand 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.