Core Capital Management & Research inc. Buys New Shares in Ingersoll Rand Inc. $IR

Key Points

• Core Capital Management & Research bought 34,495 shares of Ingersoll Rand worth approximately $2.775 million, making the stock about 1.5% of its portfolio. Institutional investors and hedge funds collectively own 95.27% of the company.
• Ingersoll Rand reported quarterly earnings of $0.86 per share, beating estimates by $0.03, while revenue rose 8.5% year over year to $2.05 billion. A company director also purchased more than $1 million in shares.
• The stock opened at $73.70, below its 50-day and 200-day moving averages. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $96.14.

Core Capital Management & Research inc. purchased a new position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 34,495 shares of the industrial products company's stock, valued at approximately $2,775,000. Ingersoll Rand makes up about 1.5% of Core Capital Management & Research inc.'s holdings, making the stock its 25th biggest position.

A number of other large investors also recently modified their holdings of IR. Bell Investment Advisors Inc bought a new stake in Ingersoll Rand during the second quarter worth about $26,000. Continuum Advisory LLC bought a new position in Ingersoll Rand in the second quarter valued at approximately $27,000. Deseret Mutual Benefit Administrators increased its position in shares of Ingersoll Rand by 46.9% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company's stock worth $28,000 after purchasing an additional 112 shares during the last quarter. Hilton Head Capital Partners LLC bought a new stake in shares of Ingersoll Rand during the 4th quarter worth approximately $29,000. Finally, Reflection Asset Management bought a new stake in shares of Ingersoll Rand during the 4th quarter worth approximately $31,000. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Aurobind Satpathy purchased 11,538 shares of the stock in a transaction on Monday, August 3rd. The shares were 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 $1,000,113.84. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.49% of the stock is currently owned by corporate insiders.

Ingersoll Rand Stock Down 1.9%

IR opened at $73.70 on Thursday. The stock's fifty day simple moving average is $81.29 and its 200 day simple moving average is $80.55. Ingersoll Rand Inc. has a 1-year low of $68.07 and a 1-year high of $100.96. The stock has a market cap of $28.59 billion, a PE ratio of 30.33, a price-to-earnings-growth ratio of 4.72 and a beta of 1.15. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.40.

Ingersoll Rand (NYSE:IR - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.03. The firm had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $1.96 billion. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. The company's revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the previous 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, research analysts expect that Ingersoll Rand Inc. will post 3.39 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

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

Analysts Set New Price Targets

IR has been the subject of several analyst reports. Stifel Nicolaus raised shares of Ingersoll Rand from a "hold" rating to a "buy" rating and set a $101.00 target price for the company in a research note on Monday, August 3rd. Wall Street Zen cut shares of Ingersoll Rand from a "buy" rating to a "hold" rating in a research note on Sunday, August 2nd. Morgan Stanley set a $87.00 price objective on shares of Ingersoll Rand in a research note on Monday, August 10th. Weiss Ratings raised shares of Ingersoll Rand from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, July 21st. Finally, 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. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $96.14.

Ingersoll Rand 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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