AXQ Capital LP Takes Position in Ingersoll Rand Inc. $IR

AXQ Capital LP purchased a new position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 22,374 shares of the industrial products company's stock, valued at approximately $1,834,000.

Other hedge funds have also made changes to their positions in the company. Bell Investment Advisors Inc bought a new position in shares of Ingersoll Rand during the second quarter worth about $26,000. Continuum Advisory LLC bought a new position in Ingersoll Rand during the 2nd quarter valued at $27,000. Deseret Mutual Benefit Administrators grew its holdings in 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 acquiring an additional 112 shares during the period. Hilton Head Capital Partners LLC bought a new stake in shares of Ingersoll Rand in the 4th quarter worth approximately $29,000. Finally, Reflection Asset Management bought a new position in shares of Ingersoll Rand in the fourth quarter valued at $31,000. Institutional investors own 95.27% of the company's stock.

Ingersoll Rand Stock Up 1.2%

Ingersoll Rand stock opened at $76.34 on Friday. 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 Inc. has a fifty-two week low of $68.07 and a fifty-two week high of $100.96. The firm has a fifty day moving average price of $81.66 and a two-hundred day moving average price of $81.15. The firm has a market cap of $29.62 billion, a price-to-earnings ratio of 31.42, a P/E/G ratio of 4.74 and a beta 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, beating the consensus estimate of $0.83 by $0.03. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.96 billion. Ingersoll Rand had a return on equity of 12.90% and a net margin of 12.08%.The firm's revenue was up 8.5% compared to the same quarter last year. During the same period last year, the business posted $0.80 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. As a group, analysts forecast that Ingersoll Rand Inc. will post 3.39 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 13th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Ingersoll Rand's payout ratio is 3.29%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. 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 cut Ingersoll Rand from a "buy" rating to a "hold" rating in a research note on Sunday, August 2nd. Evercore set a $84.00 price objective 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 note on Monday, August 10th. Finally, Robert W. Baird lifted 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. Five 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.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $96.14.

Insider Buying and Selling

In related news, Director Aurobind Satpathy purchased 11,538 shares of Ingersoll Rand stock in a transaction on Monday, August 3rd. The stock was purchased at an average cost of $86.68 per share, with a total value of $1,000,113.84. Following the acquisition, the director directly owned 11,538 shares in the company, valued at approximately $1,000,113.84. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.49% of the stock is currently owned by 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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