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

Flputnam Investment Management Co. purchased a new position in Ingersoll Rand Inc. (NYSE:IR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 26,564 shares of the industrial products company’s stock, valued at approximately $2,178,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IR. AQR Capital Management LLC boosted its position in shares of Ingersoll Rand by 12.7% in the 1st quarter. AQR Capital Management LLC now owns 37,078 shares of the industrial products company’s stock worth $2,904,000 after purchasing an additional 4,167 shares in the last quarter. NewEdge Advisors LLC grew its stake in Ingersoll Rand by 4.8% during the 1st quarter. NewEdge Advisors LLC now owns 6,168 shares of the industrial products company’s stock worth $494,000 after buying an additional 282 shares during the last quarter. Empowered Funds LLC increased its position in Ingersoll Rand by 6.2% during the 1st quarter. Empowered Funds LLC now owns 7,731 shares of the industrial products company’s stock valued at $619,000 after buying an additional 454 shares in the last quarter. Woodline Partners LP purchased a new stake in Ingersoll Rand in the first quarter valued at about $643,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Ingersoll Rand by 663.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 74,615 shares of the industrial products company’s stock worth $6,206,000 after acquiring an additional 64,838 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Price Performance

Shares of NYSE IR opened at $78.52 on Monday. The stock has a market capitalization of $30.47 billion, a price-to-earnings ratio of 32.31, a PEG ratio of 4.94 and a beta of 1.17. Ingersoll Rand Inc. has a 12 month low of $68.07 and a 12 month high of $100.96. The firm’s 50 day simple moving average is $82.02 and its 200-day simple moving average is $81.78. 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 (NYSE:IR) last posted its earnings results on Thursday, July 30th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.03. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the business posted $0.80 EPS. The business’s revenue was up 8.5% compared to the same quarter last year. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. Analysts expect that Ingersoll Rand Inc. will post 3.39 EPS for the current year.

Ingersoll Rand Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. 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 upped their price target on shares of Ingersoll Rand from $103.00 to $109.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Stifel Nicolaus upgraded shares of Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a research note on Monday, August 3rd. Wall Street Zen downgraded Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Finally, Morgan Stanley set a $87.00 price target on Ingersoll Rand in a research report on Monday, August 10th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $96.14.

Insider Activity

In other Ingersoll Rand news, Director Aurobind Satpathy bought 11,538 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,000,113.84. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.49% of the stock is currently owned by insiders.

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.