BlackRock Inc. Purchases New Stake in Ingersoll Rand Inc. $IR

Key Points

• BlackRock acquired 30.3 million shares of Ingersoll Rand in the second quarter, worth approximately $2.48 billion and representing about 7.81% of the company. Institutional investors collectively own 95.27% of the stock.
• Ingersoll Rand reported quarterly EPS of $0.86, exceeding estimates of $0.83, while revenue rose 8.5% year over year to $2.05 billion. The company maintained fiscal 2026 EPS guidance of $3.57.
• Analysts hold a consensus “Moderate Buy” rating with an average price target of $96.14, compared with the stock’s opening price of $81.12; a director also purchased roughly $1 million of shares.

BlackRock Inc. purchased 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 13F filing with the SEC. The fund purchased 30,300,264 shares of the industrial products company's stock, valued at approximately $2,484,319,000. BlackRock Inc. owned approximately 7.81% of Ingersoll Rand at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Fifth Third Bancorp increased its holdings in Ingersoll Rand by 388.7% during the 1st quarter. Fifth Third Bancorp now owns 81,961 shares of the industrial products company's stock worth $6,567,000 after purchasing an additional 65,189 shares in the last quarter. Strs Ohio lifted its holdings in shares of Ingersoll Rand by 11.2% in the fourth quarter. Strs Ohio now owns 237,624 shares of the industrial products company's stock valued at $18,825,000 after purchasing an additional 23,974 shares in the last quarter. National Pension Service lifted its holdings in shares of Ingersoll Rand by 3.0% in the fourth quarter. National Pension Service now owns 636,270 shares of the industrial products company's stock valued at $50,405,000 after purchasing an additional 18,289 shares in the last quarter. Norges Bank purchased a new position in shares of Ingersoll Rand during the fourth quarter valued at approximately $407,915,000. Finally, Hsbc Holdings PLC boosted its position in shares of Ingersoll Rand by 4.4% during the first quarter. Hsbc Holdings PLC now owns 705,454 shares of the industrial products company's stock valued at $56,415,000 after buying an additional 29,914 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company's stock.

Insider Activity at Ingersoll Rand

In other news, Director Aurobind Satpathy acquired 11,538 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The shares were acquired at an average price of $86.68 per share, for a total transaction of $1,000,113.84. Following the completion of the purchase, the director 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 purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.49% of the company's stock.

Ingersoll Rand Trading Up 0.4%

Shares of Ingersoll Rand stock opened at $81.12 on Thursday. The firm has a market cap of $31.47 billion, a PE ratio of 33.38, a P/E/G ratio of 5.09 and a beta of 1.17. 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. The stock has a fifty day moving average price of $81.61 and a 200-day moving average price of $82.51.

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 for the quarter, topping analysts' consensus estimates of $0.83 by $0.03. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the previous year, the firm earned $0.80 EPS. The firm's quarterly 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 research analysts anticipate that Ingersoll Rand Inc. will post 3.39 EPS for the current year.

Ingersoll Rand Dividend Announcement

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

Ingersoll Rand News Summary

Here are the key news stories impacting Ingersoll Rand this week:

• Positive Sentiment: Zacks raised its Ingersoll Rand FY2026 EPS estimate to $3.38 from $3.37 and its FY2027 estimate to $3.65 from $3.64. The FY2027 increase, along with a higher Q3 2027 estimate of $0.97 from $0.95 and Q4 2027 estimate of $1.07 from $1.06, points to modest longer-term earnings improvement.
• Neutral Sentiment: The revised FY2026 estimate matches the broader analyst consensus of $3.38 per share, indicating that the increase does not represent a meaningful consensus beat. Zacks projects FY2028 EPS of $4.01, implying continued earnings growth from FY2026 levels.
• Negative Sentiment: Zacks lowered several quarterly forecasts: Q3 2026 EPS to $0.86 from $0.88, Q4 2026 to $0.96 from $0.97, Q1 2027 to $0.75 from $0.76, and Q2 2027 to $0.86 from $0.88. The firm also cut FY2028 EPS to $4.01 from $4.03 and Q1 2028 EPS to $0.86 from $0.87, suggesting some pressure on near-term execution and the outer-year outlook.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on IR shares. Morgan Stanley set a $87.00 price objective on Ingersoll Rand in a research note on Monday, August 10th. Citigroup reduced their target price on shares of Ingersoll Rand from $113.00 to $109.00 and set a "buy" rating for the company in a research note on Thursday, April 30th. Wall Street Zen cut shares of Ingersoll Rand from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. Barclays reduced their price objective on shares of Ingersoll Rand from $100.00 to $95.00 and set an "overweight" rating for the company in a research report on Thursday, April 30th. Finally, 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. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $96.14.

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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