Ingersoll Rand Inc. $IR Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System trimmed its position in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 14.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 540,018 shares of the industrial products company's stock after selling 91,716 shares during the period. California State Teachers Retirement System owned approximately 0.14% of Ingersoll Rand worth $44,276,076 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in IR. Saudi Central Bank lifted its holdings in shares of Ingersoll Rand by 88.0% in the second quarter. Saudi Central Bank now owns 27,412 shares of the industrial products company's stock valued at $2,248,000 after buying an additional 12,828 shares during the period. Angeles Wealth Management LLC acquired a new stake in shares of Ingersoll Rand during the 2nd quarter worth about $224,000. Raiffeisen Bank International AG boosted its stake in Ingersoll Rand by 10.7% in the second quarter. Raiffeisen Bank International AG now owns 35,190 shares of the industrial products company's stock valued at $2,850,000 after buying an additional 3,415 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in shares of Ingersoll Rand by 20.3% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 17,665 shares of the industrial products company's stock worth $1,448,000 after acquiring an additional 2,983 shares in the last quarter. Finally, NEOS Investment Management LLC grew its stake in shares of Ingersoll Rand by 12.5% in the 2nd quarter. NEOS Investment Management LLC now owns 58,143 shares of the industrial products company's stock worth $4,767,000 after acquiring an additional 6,470 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company's stock.

Insiders Place Their Bets

In other news, Director Aurobind Satpathy acquired 11,538 shares of the firm's stock in a transaction on Monday, August 3rd. The stock was purchased at an average price 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. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.49% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on IR. Robert W. Baird raised their target price on shares of Ingersoll Rand from $103.00 to $109.00 and gave the company an "outperform" rating in a research note on Monday, August 3rd. Morgan Stanley set a $87.00 price target on shares of Ingersoll Rand in a report on Monday, August 10th. Weiss Ratings upgraded Ingersoll Rand from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, July 21st. Stifel Nicolaus raised shares of Ingersoll Rand from a "hold" rating to a "buy" rating and set a $101.00 price target for the company in a research report on Monday, August 3rd. Finally, Wall Street Zen cut shares of Ingersoll Rand from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $96.14.

Ingersoll Rand Trading Down 0.8%

Shares of NYSE IR traded down $0.60 during midday trading on Tuesday, reaching $71.53. 2,812,411 shares of the stock were exchanged, compared to its average volume of 3,902,552. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.15 and a current ratio of 1.62. Ingersoll Rand Inc. has a twelve month low of $68.07 and a twelve month high of $100.96. The stock has a market capitalization of $27.75 billion, a P/E ratio of 29.46, a PEG ratio of 4.58 and a beta of 1.15. The company has a 50 day simple moving average of $80.81 and a 200 day simple moving average of $80.09.

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, topping the consensus estimate of $0.83 by $0.03. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. 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 firm posted $0.80 EPS. 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, equities 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 paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, August 13th. Ingersoll Rand's dividend payout ratio (DPR) is 3.29%.

About Ingersoll Rand

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.