Royal Bank of Canada Grows Holdings in Ingersoll Rand Inc. $IR

Royal Bank of Canada boosted its position in Ingersoll Rand Inc. (NYSE:IR) by 67.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 856,255 shares of the industrial products company’s stock after purchasing an additional 344,210 shares during the period. Royal Bank of Canada’s holdings in Ingersoll Rand were worth $68,604,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of IR. Quantinno Capital Management LP boosted its stake in shares of Ingersoll Rand by 14.2% in the 1st quarter. Quantinno Capital Management LP now owns 124,730 shares of the industrial products company’s stock worth $9,993,000 after buying an additional 15,464 shares during the last quarter. OMERS ADMINISTRATION Corp increased its position in shares of Ingersoll Rand by 1,097.6% during the first quarter. OMERS ADMINISTRATION Corp now owns 1,161,456 shares of the industrial products company’s stock valued at $93,056,000 after acquiring an additional 1,064,471 shares during the last quarter. Lombard Odier Asset Management Switzerland SA lifted its holdings in Ingersoll Rand by 55.8% during the first quarter. Lombard Odier Asset Management Switzerland SA now owns 18,976 shares of the industrial products company’s stock worth $1,520,000 after acquiring an additional 6,800 shares during the period. Gamco Investors INC. ET AL boosted its position in Ingersoll Rand by 1.0% in the first quarter. Gamco Investors INC. ET AL now owns 92,848 shares of the industrial products company’s stock worth $7,439,000 after purchasing an additional 886 shares during the last quarter. Finally, Compound Planning Inc. boosted its position in Ingersoll Rand by 21.5% in the first quarter. Compound Planning Inc. now owns 3,833 shares of the industrial products company’s stock worth $307,000 after purchasing an additional 679 shares during the last quarter. Institutional investors own 95.27% of the company’s stock.

Key Stories Impacting Ingersoll Rand

Here are the key news stories impacting Ingersoll Rand this week:

• Positive Sentiment: Q2 results exceeded expectations: Adjusted earnings were $0.86 per share versus the $0.83 consensus, while revenue increased 8.5% year over year to $2.05 billion, topping estimates of $1.96 billion. Ingersoll Rand Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Full-year revenue outlook was raised: Ingersoll Rand now expects 2026 revenue of approximately $8.0 billion to $8.1 billion, above the roughly $7.9 billion Wall Street forecast. Management also cited stronger orders, cash flow and continued acquisition momentum. Ingersoll Rand Beats Q2 Earnings Estimates, Raises Revenue Guidance
• Neutral Sentiment: EPS guidance remains strong but unchanged: The company reiterated full-year 2026 adjusted EPS guidance of about $3.57, above the prior analyst consensus near $3.48. The lack of an additional increase may limit the market’s response to the earnings beat. Ingersoll Rand Reports Second Quarter 2026 Results
• Negative Sentiment: Valuation and expectations remain risks: With Ingersoll Rand trading at a relatively high forward valuation, investors may require accelerating earnings growth. Consequently, the unchanged EPS forecast appears to be outweighing the revenue upgrade and quarterly beats today. Ingersoll Rand Slips as Revenue Outlook Rises but Earnings Forecast Is Steady

Ingersoll Rand Trading Down 1.2%

Shares of Ingersoll Rand stock opened at $83.34 on Friday. The company’s 50-day moving average price is $78.03 and its 200-day moving average price is $82.69. The company has a current ratio of 2.23, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47. 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 $32.61 billion, a price-to-earnings ratio of 34.30, a PEG ratio of 5.27 and a beta of 1.17.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings data 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. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.96 billion. Ingersoll Rand had a return on equity of 12.91% and a net margin of 12.08%.The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the company earned $0.80 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. On average, equities analysts expect that Ingersoll Rand Inc. will post 3.37 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be given a dividend of $0.02 per share. 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%.

Analysts Set New Price Targets

Several brokerages have 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. Citigroup cut their price target on shares of Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Stifel Nicolaus reduced their price target on shares of Ingersoll Rand from $85.00 to $84.00 and set a “hold” rating for the company in a research report on Monday, July 20th. Wall Street Zen downgraded shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Robert W. Baird set a $103.00 target price on shares of Ingersoll Rand in a research note on Thursday, April 30th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $91.86.

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.