Empowered Funds LLC Takes $1.56 Million Position in Ingersoll Rand Inc. $IR

Key Points

• Empowered Funds LLC acquired 19,091 shares of Ingersoll Rand worth approximately $1.56 million during the second quarter. Institutional investors collectively own 95.27% of the company.
• Analysts maintain a “Moderate Buy” consensus, with five Buy ratings and three Holds and an average price target of $96.14. Stifel upgraded the stock to Buy with a $101 target, while Wall Street Zen downgraded it to Hold.
• Ingersoll Rand exceeded quarterly expectations, reporting $0.86 in EPS and $2.05 billion in revenue, with revenue up 8.5% year over year. Director Aurobind Satpathy also purchased approximately $1 million in shares, while the company declared a $0.02 quarterly dividend.

Empowered Funds LLC acquired a new stake in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund acquired 19,091 shares of the industrial products company's stock, valued at approximately $1,565,000.

Other institutional investors have also added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators grew its holdings in Ingersoll Rand by 46.9% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company's stock valued at $28,000 after buying an additional 112 shares in the last quarter. Sumitomo Life Insurance Co. lifted its holdings in shares of Ingersoll Rand by 0.7% in the fourth quarter. Sumitomo Life Insurance Co. now owns 21,284 shares of the industrial products company's stock worth $1,686,000 after buying an additional 138 shares in the last quarter. Groupama Asset Managment boosted its position in shares of Ingersoll Rand by 1.7% in the fourth quarter. Groupama Asset Managment now owns 8,146 shares of the industrial products company's stock valued at $645,000 after acquiring an additional 140 shares during the period. Andina Capital Management LLC grew its stake in Ingersoll Rand by 2.6% during the fourth quarter. Andina Capital Management LLC now owns 5,628 shares of the industrial products company's stock valued at $446,000 after acquiring an additional 145 shares in the last quarter. Finally, Chicago Partners Investment Group LLC grew its stake in Ingersoll Rand by 6.4% during the first quarter. Chicago Partners Investment Group LLC now owns 2,658 shares of the industrial products company's stock valued at $222,000 after acquiring an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on IR. Evercore set a $84.00 target price on shares of Ingersoll Rand in a research note on Monday, May 11th. Stifel Nicolaus upgraded 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. Morgan Stanley set a $87.00 price objective on Ingersoll Rand in a research report on Monday, August 10th. Weiss Ratings raised Ingersoll Rand from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, July 21st. Finally, Wall Street Zen cut Ingersoll Rand from a "buy" rating to a "hold" rating in a research report on Sunday, August 2nd. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Ingersoll Rand currently has an average rating of "Moderate Buy" and an average price target of $96.14.

Insider Buying and Selling at Ingersoll Rand

In other news, Director Aurobind Satpathy acquired 11,538 shares of the firm's stock in a transaction that occurred 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 acquisition, the director owned 11,538 shares in the company, valued at approximately $1,000,113.84. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.49% of the company's stock.

Ingersoll Rand Stock Performance

NYSE IR opened at $75.40 on Friday. Ingersoll Rand Inc. has a 52-week low of $68.07 and a 52-week high of $100.96. The company has a fifty day moving average of $81.76 and a 200-day moving average of $81.18. The company has a market capitalization of $29.26 billion, a P/E ratio of 31.03, a P/E/G ratio of 4.71 and a beta of 1.15. 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 (NYSE:IR - Get Free Report) last released its earnings results on Thursday, July 30th. The industrial products company reported $0.86 EPS for the quarter, beating analysts' consensus estimates 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 quarter in the prior year, the firm earned $0.80 earnings per share. The firm'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 research analysts predict that Ingersoll Rand Inc. will post 3.39 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

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

About Ingersoll Rand

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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