UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $464.87 Million Position in Ingersoll Rand Inc. $IR

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 5.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 5,669,838 shares of the industrial products company’s stock after selling 341,829 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Ingersoll Rand were worth $464,870,000 at the end of the most recent reporting period.

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

Ingersoll Rand Stock Down 0.1%

Shares of NYSE IR opened at $78.52 on Monday. 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 stock has a market capitalization of $30.47 billion, a PE ratio of 32.31, a P/E/G ratio of 4.94 and a beta of 1.17. Ingersoll Rand Inc. has a one year low of $68.07 and a one year high of $100.96. The business’s fifty day moving average price is $82.02 and its 200-day moving average price is $81.78.

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 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%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. On average, equities research analysts anticipate that Ingersoll Rand Inc. will post 3.39 EPS for the current year.

Ingersoll Rand Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders 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 presently 3.29%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on IR shares. Stifel Nicolaus raised shares of Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a report on Monday, August 3rd. Evercore set a $84.00 price target on shares of Ingersoll Rand in a report on Monday, May 11th. Morgan Stanley set a $87.00 price objective on shares of Ingersoll Rand in a research note on Monday, August 10th. Robert W. Baird raised their target price on Ingersoll Rand from $103.00 to $109.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Finally, Wall Street Zen downgraded Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $96.14.

Insider Buying and Selling at Ingersoll Rand

In related news, Director Aurobind Satpathy acquired 11,538 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were bought at an average cost of $86.68 per share, for a total transaction of $1,000,113.84. Following the purchase, the director owned 11,538 shares in the company, valued at $1,000,113.84. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.49% of the company’s stock.

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.