Ingersoll Rand Inc. $IR Stake Lessened by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC cut its stake in Ingersoll Rand Inc. (NYSE:IR) by 13.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 294,105 shares of the industrial products company’s stock after selling 47,212 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Ingersoll Rand were worth $24,114,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Ingersoll Rand in the 2nd quarter worth about $2,484,319,000. Jupiter Topco LLC acquired a new position in Ingersoll Rand in the second quarter worth about $547,628,000. Norges Bank bought a new stake in Ingersoll Rand in the fourth quarter valued at about $407,915,000. Bank of New York Mellon Corp acquired a new stake in Ingersoll Rand during the second quarter valued at approximately $328,309,000. Finally, T. Rowe Price Investment Management Inc. grew its position in shares of Ingersoll Rand by 18.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 21,791,309 shares of the industrial products company’s stock worth $1,726,308,000 after acquiring an additional 3,423,501 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on IR. Weiss Ratings raised Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 21st. Stifel Nicolaus upgraded shares of Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a research note on Monday, August 3rd. Wall Street Zen cut shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Evercore set a $84.00 price target on shares of Ingersoll Rand in a research report on Monday, May 11th. Finally, Robert W. Baird lifted 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. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $96.14.

Ingersoll Rand Trading Down 0.1%

Shares of NYSE IR opened at $78.52 on Monday. Ingersoll Rand Inc. has a 12-month low of $68.07 and a 12-month high of $100.96. The company has a market cap of $30.47 billion, a price-to-earnings ratio of 32.31, a price-to-earnings-growth ratio of 4.94 and a beta of 1.17. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.40. The stock’s 50 day simple moving average is $82.02 and its 200 day simple moving average is $81.78.

Ingersoll Rand (NYSE:IR) last issued its earnings results on Thursday, July 30th. The industrial products company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.03. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.96 billion. Ingersoll Rand had a return on equity of 12.90% and a net margin of 12.08%.The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period last year, the company earned $0.80 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. Equities research analysts expect that Ingersoll Rand Inc. will post 3.39 EPS for the current 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 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 is Thursday, August 13th. Ingersoll Rand’s dividend payout ratio (DPR) is 3.29%.

Insiders Place Their Bets

In other news, Director Aurobind Satpathy acquired 11,538 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were purchased at an average cost of $86.68 per share, for a total transaction of $1,000,113.84. Following the transaction, the director directly owned 11,538 shares in the company, valued at $1,000,113.84. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.49% of the stock is currently owned by corporate insiders.

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.