Engineers Gate Manager LP Purchases Shares of 251,418 Ingersoll Rand Inc. $IR

Key Points

• Engineers Gate Manager LP purchased 251,418 shares of Ingersoll Rand, valued at approximately $20.6 million, giving it a 0.06% stake. Institutional investors collectively own 95.27% of the company.
• Analyst sentiment remains positive overall, with five Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $96.14.
• Ingersoll Rand exceeded quarterly expectations, reporting $0.86 in EPS versus $0.83 expected and $2.05 billion in revenue, up 8.5% year over year. The stock opened at $73.70, down 1.9%, while the company maintains a quarterly dividend of $0.02 per share.

Engineers Gate Manager LP purchased a new stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 251,418 shares of the industrial products company's stock, valued at approximately $20,614,000. Engineers Gate Manager LP owned 0.06% of Ingersoll Rand as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Capital International Investors boosted its stake in Ingersoll Rand by 4.7% in the 4th quarter. Capital International Investors now owns 52,353,914 shares of the industrial products company's stock worth $4,147,878,000 after purchasing an additional 2,351,781 shares during the period. California State Teachers Retirement System lifted its holdings in shares of Ingersoll Rand by 6,908.7% in the second quarter. California State Teachers Retirement System now owns 44,276,076 shares of the industrial products company's stock valued at $3,630,195,000 after purchasing an additional 43,644,342 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Ingersoll Rand during the second quarter worth about $2,484,319,000. T. Rowe Price Investment Management Inc. boosted its position in shares of Ingersoll Rand by 18.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 21,791,309 shares of the industrial products company's stock worth $1,726,308,000 after buying an additional 3,423,501 shares during the period. Finally, Capital Research Global Investors grew its holdings in shares of Ingersoll Rand by 1.2% during the fourth quarter. Capital Research Global Investors now owns 19,476,801 shares of the industrial products company's stock worth $1,543,017,000 after buying an additional 222,125 shares in the last quarter. 95.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insider Transactions at Ingersoll Rand

In other news, Director Aurobind Satpathy acquired 11,538 shares of Ingersoll Rand stock in a transaction dated Monday, August 3rd. The stock was bought at an average price of $86.68 per share, for a total transaction of $1,000,113.84. Following the completion of the acquisition, the director directly owned 11,538 shares in the company, valued at approximately $1,000,113.84. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.49% of the stock is owned by company 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, beating the consensus estimate of $0.83 by $0.03. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.96 billion. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. The company's quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the company earned $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 disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders 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 yield of 0.1%. Ingersoll Rand's dividend payout ratio (DPR) is 3.29%.

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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