540,873 Shares in Ingersoll Rand Inc. $IR Acquired by Freestone Grove Partners LP

Key Points

• Freestone Grove Partners LP acquired 540,873 shares of Ingersoll Rand, valued at approximately $44.3 million and representing about 0.14% of the company. Institutional investors collectively own 95.27% of IR.
• Analysts maintain a generally positive outlook, with five Buy ratings and three Holds producing a consensus “Moderate Buy” rating and an average price target of $96.14.
• Ingersoll Rand exceeded quarterly expectations, reporting $0.86 in adjusted earnings per share and $2.05 billion in revenue, up 8.5% year over year. The company also declared a quarterly dividend of $0.02 per share.

Freestone Grove Partners LP bought a new stake in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 540,873 shares of the industrial products company's stock, valued at approximately $44,346,000. Freestone Grove Partners LP owned about 0.14% of Ingersoll Rand as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. 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 acquired a new position in Ingersoll Rand during the 1st quarter valued at about $643,000. Finally, Arrowstreet Capital Limited Partnership raised its stake 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 valued at $6,206,000 after buying an additional 64,838 shares during the last quarter. 95.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on IR shares. Evercore set a $84.00 price target on Ingersoll Rand in a report on Monday, May 11th. Morgan Stanley set a $87.00 price objective on shares of Ingersoll Rand in a research report 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. Robert W. Baird boosted their target price on shares of Ingersoll Rand from $103.00 to $109.00 and gave the stock an "outperform" rating in a research report on Monday, August 3rd. Finally, Barclays cut their price target on shares of Ingersoll Rand from $100.00 to $95.00 and set an "overweight" rating on the stock in a research note on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $96.14.

Insider Transactions at Ingersoll Rand

In other Ingersoll Rand news, Director Aurobind Satpathy acquired 11,538 shares of the firm's stock in a transaction on Monday, August 3rd. The stock was acquired 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 in the company, valued at approximately $1,000,113.84. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.49% of the company's stock.

Ingersoll Rand Stock Performance

Shares of IR opened at $79.93 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.15 and a current ratio of 1.62. The stock has a 50-day moving average of $81.99 and a two-hundred day moving average of $82.06. The stock has a market cap of $31.01 billion, a P/E ratio of 32.89, a P/E/G ratio of 4.94 and a beta of 1.17. Ingersoll Rand Inc. has a one year low of $68.07 and a one year high of $100.96.

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 analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the company earned $0.80 earnings per share. The company'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. As a group, research analysts predict that Ingersoll Rand Inc. will post 3.39 EPS for the current year.

Ingersoll Rand Dividend Announcement

The firm also recently declared 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. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date is Thursday, August 13th. Ingersoll Rand's dividend payout ratio is 3.29%.

Ingersoll Rand 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.

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