United Capital Financial Advisors LLC Buys New Shares in Ingersoll Rand Inc. $IR

United Capital Financial Advisors LLC purchased a new stake in Ingersoll Rand Inc. (NYSE:IR) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,948 shares of the industrial products company’s stock, valued at approximately $898,000.

Several other institutional investors and hedge funds also recently made changes to their positions in IR. BlackRock Inc. bought a new stake in shares of Ingersoll Rand in the second quarter valued at about $2,484,319,000. Jupiter Topco LLC bought a new position in Ingersoll Rand during the second quarter valued at about $547,628,000. Norges Bank acquired a new position in Ingersoll Rand in the 4th quarter valued at approximately $407,915,000. Bank of New York Mellon Corp bought a new stake in shares of Ingersoll Rand in the 2nd quarter worth approximately $328,309,000. Finally, T. Rowe Price Investment Management Inc. lifted its position in shares of Ingersoll Rand by 18.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 21,791,309 shares of the industrial products company’s stock worth $1,726,308,000 after acquiring an additional 3,423,501 shares during the period. Institutional investors own 95.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Robert W. Baird boosted their price objective on Ingersoll Rand from $103.00 to $109.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Stifel Nicolaus raised Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a research report on Monday, August 3rd. Morgan Stanley set a $87.00 price target on shares of Ingersoll Rand in a research note on Monday, August 10th. Weiss Ratings upgraded shares of Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. Finally, Wall Street Zen downgraded shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $96.14.

Ingersoll Rand Trading Down 0.1%

IR stock opened at $78.52 on Monday. Ingersoll Rand Inc. has a 1-year low of $68.07 and a 1-year high of $100.96. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.40. The business’s 50 day moving average is $82.02 and its 200-day moving average is $81.78. The firm has a market cap of $30.47 billion, a P/E ratio of 32.31, a P/E/G ratio of 4.94 and a beta of 1.17.

Ingersoll Rand (NYSE:IR) last posted its earnings results on Thursday, July 30th. The industrial products company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.83 by $0.03. Ingersoll Rand had a return on equity of 12.90% and a net margin of 12.08%.The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the company earned $0.80 EPS. Ingersoll Rand’s revenue was up 8.5% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. Equities analysts anticipate that Ingersoll Rand Inc. will post 3.39 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

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 issued a $0.02 dividend. 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 payout ratio is presently 3.29%.

Insider Buying and Selling

In other Ingersoll Rand news, Director Aurobind Satpathy bought 11,538 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were bought at an average price of $86.68 per share, for a total transaction of $1,000,113.84. Following the completion of the acquisition, the director owned 11,538 shares of the company’s stock, valued at approximately $1,000,113.84. This trade represents 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. Corporate insiders own 0.49% of the company’s stock.

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.