24,647 Shares in Ingersoll Rand Inc. $IR Bought by Jefferies Financial Group Inc.

Key Points

• Jefferies Financial Group purchased 24,647 Ingersoll Rand shares worth approximately $2.02 million in the second quarter. Institutional investors and hedge funds collectively own 95.27% of the company.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $96.14; Stifel upgraded the stock to Buy and Baird raised its target to $109.
• Ingersoll Rand exceeded quarterly expectations, reporting $0.86 EPS versus $0.83 expected and $2.05 billion in revenue, up 8.5% year over year. The company also declared a quarterly dividend of $0.02 per share.

Jefferies Financial Group Inc. bought a new stake in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 24,647 shares of the industrial products company's stock, valued at approximately $2,021,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. 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 acquired a new position in Ingersoll Rand in the 2nd quarter valued at approximately $547,628,000. Norges Bank bought a new stake in shares of Ingersoll Rand in the 4th quarter worth 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. grew its holdings in shares of Ingersoll Rand by 18.6% during 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 purchasing an additional 3,423,501 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on IR. Stifel Nicolaus upgraded shares of Ingersoll Rand from a "hold" rating to a "buy" rating and set a $101.00 price target on the stock in a research note on Monday, August 3rd. Evercore set a $84.00 price objective on shares of Ingersoll Rand in a report on Monday, May 11th. Robert W. Baird lifted their target price on shares of Ingersoll Rand from $103.00 to $109.00 and gave the company an "outperform" rating in a research report on Monday, August 3rd. Weiss Ratings raised 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 lowered 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, Ingersoll Rand currently has a consensus rating of "Moderate Buy" and an average price target of $96.14.

Ingersoll Rand Stock Performance

IR stock opened at $78.52 on Friday. The company has a 50 day moving average price of $82.02 and a 200 day moving average price of $81.90. 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 debt-to-equity ratio of 0.40, a current ratio of 1.62 and a quick ratio of 1.15. The stock has a market capitalization of $30.47 billion, a PE ratio of 32.31, a price-to-earnings-growth ratio of 4.94 and a beta of 1.17.

Ingersoll Rand (NYSE:IR - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.86 earnings per share 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 business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the business posted $0.80 earnings per share. Ingersoll Rand'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 forecast that Ingersoll Rand Inc. will post 3.39 EPS for the current year.

Ingersoll Rand Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Thursday, August 13th. Ingersoll Rand's payout ratio is 3.29%.

Insider Buying and Selling at Ingersoll Rand

In other Ingersoll Rand news, Director Aurobind Satpathy purchased 11,538 shares of the stock in a transaction on 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 purchase, the director owned 11,538 shares of the company's stock, valued at approximately $1,000,113.84. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.49% of the stock is owned by corporate 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.

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