Two Sigma Securities LLC Makes New Investment in Ingersoll Rand Inc. $IR

Two Sigma Securities LLC acquired a new stake in shares of Ingersoll Rand Inc. (NYSE:IR) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 18,153 shares of the industrial products company’s stock, valued at approximately $1,488,000.

A number of other hedge funds also recently bought and sold shares of the company. Fifth Third Bancorp raised its position in Ingersoll Rand by 388.7% in the 1st quarter. Fifth Third Bancorp now owns 81,961 shares of the industrial products company’s stock worth $6,567,000 after purchasing an additional 65,189 shares during the period. Strs Ohio boosted its position in 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 buying an additional 23,974 shares during the period. National Pension Service grew its stake 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 valued at $50,405,000 after buying an additional 18,289 shares during the last quarter. Norges Bank bought a new position in shares of Ingersoll Rand during the fourth quarter valued at about $407,915,000. Finally, Hsbc Holdings PLC increased its holdings 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 worth $56,415,000 after buying an additional 29,914 shares during the period. Institutional investors own 95.27% of the company’s stock.

Insider Activity

In other Ingersoll Rand news, Director Aurobind Satpathy purchased 11,538 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was bought at an average cost of $86.68 per share, with a total value of $1,000,113.84. Following the transaction, the director directly owned 11,538 shares in the company, valued at approximately $1,000,113.84. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.49% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Stifel Nicolaus upgraded Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a report on Monday, August 3rd. Evercore set a $84.00 target price on shares of Ingersoll Rand in a research note on Monday, May 11th. Weiss Ratings raised shares of Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 21st. Robert W. Baird raised their price target on shares of Ingersoll Rand from $103.00 to $109.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Finally, Wall Street Zen cut shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $96.14.

Ingersoll Rand Stock Down 1.8%

IR stock opened at $77.13 on Tuesday. 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 market capitalization of $29.93 billion, a price-to-earnings ratio of 31.74, a price-to-earnings-growth ratio of 4.94 and a beta of 1.17. The business’s 50 day moving average price is $82.00 and its two-hundred day moving average price is $81.64. 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 released its earnings results on Thursday, July 30th. The industrial products company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. As a group, analysts forecast that Ingersoll Rand Inc. will post 3.39 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be given a $0.02 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Ingersoll Rand’s dividend payout ratio is currently 3.29%.

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.