Callan Family Office LLC purchased a new stake in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,732 shares of the industrial products company's stock, valued at approximately $1,700,000.
A number of other hedge funds also recently added to or reduced their stakes in the company. Bell Investment Advisors Inc purchased a new position in shares of Ingersoll Rand in the second quarter worth $26,000. Deseret Mutual Benefit Administrators lifted its holdings 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 valued at $28,000 after purchasing an additional 112 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new stake in shares of Ingersoll Rand during the fourth quarter valued at $29,000. Reflection Asset Management bought a new stake in Ingersoll Rand in the 4th quarter worth about $31,000. Finally, Torren Management LLC bought a new stake in Ingersoll Rand in the 4th quarter worth about $32,000. 95.27% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Ingersoll Rand
In other Ingersoll Rand news, Director Aurobind Satpathy bought 11,538 shares of the business's stock in a transaction that occurred on Monday, August 3rd. The stock was bought at an average cost of $86.68 per share, for a total transaction of $1,000,113.84. Following the completion of the transaction, 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 the SEC website. Company insiders own 0.49% of the company's stock.
Ingersoll Rand Stock Up 0.0%
IR stock opened at $80.52 on Monday. Ingersoll Rand Inc. has a fifty-two week low of $68.07 and a fifty-two week high of $100.96. The business's 50-day moving average is $81.86 and its two-hundred day moving average is $82.40. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.15 and a current ratio of 1.62. The company has a market cap of $31.24 billion, a price-to-earnings ratio of 33.14, a P/E/G ratio of 5.06 and a beta of 1.17.
Ingersoll Rand (NYSE:IR - Get Free Report) last announced its earnings results on Thursday, July 30th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $1.96 billion. During the same period last year, the firm posted $0.80 earnings per share. The business's revenue for the quarter 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, analysts forecast that Ingersoll Rand Inc. will post 3.39 earnings per share for the current year.
Ingersoll Rand Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be issued a $0.02 dividend. The ex-dividend date of this dividend 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 (DPR) is presently 3.29%.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the stock. Citigroup lowered their target price on shares of Ingersoll Rand from $113.00 to $109.00 and set a "buy" rating on the stock in a research note on Thursday, April 30th. Morgan Stanley set a $87.00 price target on shares of Ingersoll Rand in a research note on Monday, August 10th. Stifel Nicolaus raised shares of Ingersoll Rand from a "hold" rating to a "buy" rating and set a $101.00 price objective for the company in a report on Monday, August 3rd. Evercore set a $84.00 price objective on shares of Ingersoll Rand in a research report on Monday, May 11th. Finally, Barclays dropped their target price on shares of Ingersoll Rand from $100.00 to $95.00 and set an "overweight" rating on the stock in a report on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $96.14.
Get Our Latest Stock Report on Ingersoll Rand
About Ingersoll Rand
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Free Report)
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.
See Also
Want to see what other hedge funds are holding IR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ingersoll Rand Inc. (NYSE:IR - Free Report).
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