California State Teachers Retirement System Raises Holdings in Ingersoll Rand Inc. $IR

California State Teachers Retirement System increased its position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 6,908.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 44,276,076 shares of the industrial products company's stock after buying an additional 43,644,342 shares during the period. California State Teachers Retirement System owned about 11.41% of Ingersoll Rand worth $3,630,195,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IR. AQR Capital Management LLC increased its holdings in Ingersoll Rand by 12.7% in the first quarter. AQR Capital Management LLC now owns 37,078 shares of the industrial products company's stock valued at $2,904,000 after buying an additional 4,167 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Ingersoll Rand by 4.8% in the 1st quarter. NewEdge Advisors LLC now owns 6,168 shares of the industrial products company's stock valued at $494,000 after acquiring an additional 282 shares during the last quarter. Empowered Funds LLC raised its position in shares of Ingersoll Rand by 6.2% during the 1st quarter. Empowered Funds LLC now owns 7,731 shares of the industrial products company's stock worth $619,000 after acquiring an additional 454 shares in the last quarter. Woodline Partners LP acquired a new position in Ingersoll Rand in the first quarter valued at approximately $643,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings 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 purchasing an additional 64,838 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on IR shares. Wall Street Zen downgraded shares of Ingersoll Rand from a "buy" rating to a "hold" rating in a research report on Sunday, August 2nd. 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. Stifel Nicolaus raised Ingersoll Rand from a "hold" rating to a "buy" rating and set a $101.00 price objective on the stock in a report on Monday, August 3rd. Morgan Stanley set a $87.00 target price on Ingersoll Rand in a research report on Monday, August 10th. Finally, Robert W. Baird upped 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 issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $96.14.

Ingersoll Rand Stock Performance

NYSE IR opened at $73.02 on Friday. The firm has a market cap of $28.33 billion, a P/E ratio of 30.05, a P/E/G ratio of 4.63 and a beta of 1.15. Ingersoll Rand Inc. has a 52-week low of $68.07 and a 52-week high of $100.96. The business's 50-day moving average price is $81.13 and its 200 day moving average price is $80.39. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 0.40.

Ingersoll Rand (NYSE:IR - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.86 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $1.96 billion. During the same period in the prior year, the business earned $0.80 EPS. The firm'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. On average, equities research analysts expect that Ingersoll Rand Inc. will post 3.39 earnings per share for the current year.

Ingersoll Rand Announces Dividend

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

Insiders Place Their Bets

In other news, Director Aurobind Satpathy acquired 11,538 shares of the company's stock in a transaction on Monday, August 3rd. The shares were bought at an average cost of $86.68 per share, with a total value of $1,000,113.84. Following the purchase, the director owned 11,538 shares of the company's stock, valued at $1,000,113.84. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.49% of the stock is currently owned by company insiders.

Ingersoll Rand Company Profile

Ingersoll Rand Inc NYSE: IR is a global industrial company that provides mission-critical equipment, technologies and services for managing air, gas and fluids. Its offerings are used in manufacturing, energy, transportation, food and beverage, life sciences, chemical processing and other industrial applications.

The company's products include compressors, vacuum and blower systems, air treatment equipment, pumps, fluid-handling systems, power tools and related aftermarket parts and services.

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