Flputnam Investment Management Co. Invests $2.18 Million in Ingersoll Rand Inc. $IR

Key Points

• Flputnam Investment Management purchased 26,564 shares of Ingersoll Rand worth approximately $2.18 million during the second quarter. Institutional investors own 95.27% of the company, with several other funds also increasing their positions.
• Analyst sentiment remains favorable, with five Buy ratings and three Hold ratings producing a consensus “Moderate Buy” rating and an average price target of $96.14. The stock opened at $82.33, down 1.2%.
• Ingersoll Rand exceeded quarterly expectations, reporting $0.86 in adjusted EPS versus the $0.83 consensus and revenue of $2.05 billion, up 8.5% year over year. The company also declared a quarterly dividend of $0.02 per share.

Flputnam Investment Management Co. bought a new stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 26,564 shares of the industrial products company's stock, valued at approximately $2,178,000.

Several other hedge funds also recently made changes to their positions in the business. AQR Capital Management LLC increased its position in shares of Ingersoll Rand by 12.7% in the first quarter. AQR Capital Management LLC now owns 37,078 shares of the industrial products company's stock valued at $2,904,000 after acquiring an additional 4,167 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of Ingersoll Rand by 4.8% during the 1st quarter. NewEdge Advisors LLC now owns 6,168 shares of the industrial products company's stock worth $494,000 after purchasing an additional 282 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Ingersoll Rand by 6.2% in the first quarter. Empowered Funds LLC now owns 7,731 shares of the industrial products company's stock valued at $619,000 after buying an additional 454 shares in the last quarter. Woodline Partners LP acquired a new position in Ingersoll Rand during the first quarter worth $643,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Ingersoll Rand by 663.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 74,615 shares of the industrial products company's stock worth $6,206,000 after buying an additional 64,838 shares during the last quarter. 95.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Ingersoll Rand Trading Down 1.2%

IR stock opened at $82.33 on Tuesday. Ingersoll Rand Inc. has a 52 week low of $68.07 and a 52 week high of $100.96. The company has a market capitalization of $31.94 billion, a PE ratio of 33.88, a price-to-earnings-growth ratio of 5.25 and a beta of 1.17. The company's 50-day simple moving average is $81.26 and its 200 day simple moving average is $82.59. 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 issued 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 during the quarter, compared to analysts' expectations of $1.96 billion. During the same quarter in the previous year, the company earned $0.80 EPS. The business'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, sell-side analysts anticipate that Ingersoll Rand Inc. will post 3.38 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders 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 annualized dividend and a yield of 0.1%. Ingersoll Rand's payout ratio is currently 3.29%.

Insiders Place Their Bets

In related news, Director Aurobind Satpathy bought 11,538 shares of the business's stock in a transaction dated Monday, August 3rd. The stock was purchased at an average cost of $86.68 per share, for a total transaction of $1,000,113.84. Following the transaction, the director owned 11,538 shares in the company, valued at $1,000,113.84. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.49% of the stock is owned by corporate insiders.

Ingersoll Rand Profile

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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