Alyeska Investment Group L.P. Buys New Shares in Ingersoll Rand Inc. $IR

Key Points

• Alyeska Investment Group acquired 285,985 shares of Ingersoll Rand in the second quarter, valued at approximately $23.45 million, giving it a 0.07% stake. Institutional investors collectively own 95.27% of the company.
• Analysts maintain a generally positive outlook, with five Buy ratings and three Holds; Ingersoll Rand has a consensus rating of “Moderate Buy” and an average price target of $96.14.
• Ingersoll Rand reported quarterly EPS of $0.86 and revenue of $2.05 billion, exceeding estimates and marking 8.5% year-over-year revenue growth. The company also declared a quarterly dividend of $0.02 per share.

Alyeska Investment Group L.P. bought a new position in Ingersoll Rand Inc. (NYSE:IR - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 285,985 shares of the industrial products company's stock, valued at approximately $23,448,000. Alyeska Investment Group L.P. owned 0.07% of Ingersoll Rand as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of IR. Deseret Mutual Benefit Administrators grew its position in shares of Ingersoll Rand by 46.9% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company's stock worth $28,000 after purchasing an additional 112 shares in the last quarter. Sumitomo Life Insurance Co. grew its holdings in Ingersoll Rand by 0.7% during the 4th quarter. Sumitomo Life Insurance Co. now owns 21,284 shares of the industrial products company's stock valued at $1,686,000 after buying an additional 138 shares in the last quarter. Groupama Asset Managment raised its position in shares of Ingersoll Rand by 1.7% during the fourth quarter. Groupama Asset Managment now owns 8,146 shares of the industrial products company's stock valued at $645,000 after buying an additional 140 shares during the last quarter. Andina Capital Management LLC lifted its holdings in shares of Ingersoll Rand by 2.6% in the fourth quarter. Andina Capital Management LLC now owns 5,628 shares of the industrial products company's stock worth $446,000 after buying an additional 145 shares in the last quarter. Finally, Chicago Partners Investment Group LLC lifted its holdings in shares of Ingersoll Rand by 6.4% in the first quarter. Chicago Partners Investment Group LLC now owns 2,658 shares of the industrial products company's stock worth $222,000 after buying an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company's stock.

Analyst Ratings Changes

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

Insider Activity at Ingersoll Rand

In related news, Director Aurobind Satpathy purchased 11,538 shares of Ingersoll Rand stock in a transaction that occurred on Monday, August 3rd. The shares were bought at an average price of $86.68 per share, with a total value of $1,000,113.84. Following the purchase, the director directly owned 11,538 shares of the company's stock, valued at approximately $1,000,113.84. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.49% of the company's stock.

Ingersoll Rand Stock Down 1.8%

Shares of NYSE:IR opened at $77.13 on Tuesday. The firm has a market capitalization of $29.93 billion, a PE ratio of 31.74, a price-to-earnings-growth ratio of 4.94 and a beta of 1.17. The business has a 50 day simple moving average of $82.00 and a two-hundred day simple moving average of $81.64. Ingersoll Rand Inc. has a 1 year low of $68.07 and a 1 year 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.

Ingersoll Rand (NYSE:IR - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the company earned $0.80 EPS. Ingersoll Rand's quarterly 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. On average, equities analysts predict that Ingersoll Rand Inc. will post 3.39 EPS for the current year.

Ingersoll Rand Announces Dividend

The business 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. The ex-dividend date is Thursday, August 13th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Ingersoll Rand's dividend payout ratio is presently 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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