Flputnam Investment Management Co. Buys Shares of 26,564 Ingersoll Rand Inc. $IR

Flputnam Investment Management Co. purchased a new stake in Ingersoll Rand Inc. (NYSE:IR) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 26,564 shares of the industrial products company’s stock, valued at approximately $2,178,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Deseret Mutual Benefit Administrators boosted its stake in shares of Ingersoll Rand by 46.9% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 112 shares in the last quarter. Hilton Head Capital Partners LLC bought a new position in Ingersoll Rand in the 4th quarter valued at approximately $29,000. Reflection Asset Management acquired a new stake in Ingersoll Rand in the fourth quarter valued at approximately $31,000. Torren Management LLC bought a new stake in shares of Ingersoll Rand during the fourth quarter worth $32,000. Finally, Salomon & Ludwin LLC grew its stake in shares of Ingersoll Rand by 166.9% during the fourth quarter. Salomon & Ludwin LLC now owns 427 shares of the industrial products company’s stock worth $35,000 after buying an additional 267 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Ingersoll Rand news, Director Aurobind Satpathy purchased 11,538 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was purchased at an average cost of $86.68 per share, for a total transaction of $1,000,113.84. Following the acquisition, the director owned 11,538 shares in the company, valued at approximately $1,000,113.84. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.49% of the company’s stock.

Ingersoll Rand Stock Performance

Shares of IR stock opened at $82.33 on Tuesday. The stock has a market capitalization of $31.94 billion, a PE ratio of 33.88, a PEG ratio of 5.25 and a beta of 1.17. The business’s 50 day simple moving average is $81.26 and its 200 day simple moving average is $82.59. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.62 and a quick ratio of 1.15. Ingersoll Rand Inc. has a one year low of $68.07 and a one year high of $100.96.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.03. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates 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 quarter last year, the business earned $0.80 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. As a group, research analysts forecast that Ingersoll Rand Inc. will post 3.38 earnings per share for the current 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 issued a $0.02 dividend. The ex-dividend date is Thursday, August 13th. This represents a $0.08 annualized dividend and a yield of 0.1%. Ingersoll Rand’s payout ratio is presently 3.29%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on IR shares. Evercore set a $84.00 price objective on Ingersoll Rand in a report on Monday, May 11th. Morgan Stanley set a $87.00 price target on Ingersoll Rand in a research note on Monday, August 10th. Citigroup reduced their price target on Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Robert W. Baird raised their price objective 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. Finally, Wells Fargo & Company reduced their target price on shares of Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Ingersoll Rand currently has an average rating of “Moderate Buy” and a consensus target price of $96.14.

About Ingersoll Rand

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.