Mill Capital Management LLC Invests $1.07 Million in Ingersoll Rand Inc. $IR

Key Points

• Mill Capital Management acquired 13,095 shares of Ingersoll Rand, valued at approximately $1.07 million, while institutional investors collectively own 95.27% of the company.
• Ingersoll Rand reported quarterly earnings of $0.86 per share, exceeding estimates by $0.03, with revenue rising 8.5% year over year to $2.05 billion.
• Director Aurobind Satpathy purchased 11,538 shares worth about $1 million. Analysts maintain a “Moderate Buy” consensus with an average price target of $96.14, compared with the stock’s recent price of $83.33.

Mill Capital Management LLC acquired a new stake in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 13,095 shares of the industrial products company's stock, valued at approximately $1,074,000.

Several other large investors also recently bought and sold shares of IR. Deseret Mutual Benefit Administrators lifted its stake 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 acquiring an additional 112 shares during the period. Hilton Head Capital Partners LLC purchased a new stake in shares of Ingersoll Rand during the 4th quarter valued at about $29,000. Reflection Asset Management bought a new stake in shares of Ingersoll Rand in the fourth quarter worth approximately $31,000. Torren Management LLC purchased a new position in shares of Ingersoll Rand during the fourth quarter valued at approximately $32,000. Finally, Salomon & Ludwin LLC raised its holdings in shares of Ingersoll Rand by 166.9% during the fourth quarter. Salomon & Ludwin LLC now owns 427 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 267 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors.

Insider Activity at Ingersoll Rand

In related news, Director Aurobind Satpathy bought 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 $1,000,113.84. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.49% of the stock is owned by company insiders.

Ingersoll Rand Stock Performance

IR opened at $83.33 on Friday. The company's 50 day moving average is $81.07 and its 200 day moving average is $82.65. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.40. The company has a market cap of $32.33 billion, a price-to-earnings ratio of 34.29, a PEG ratio of 5.31 and a beta of 1.17. Ingersoll Rand Inc. has a 12-month low of $68.07 and a 12-month high of $100.96.

Ingersoll Rand (NYSE:IR - Get Free Report) last announced 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 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 period in the prior year, the company 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. On average, equities research analysts predict that Ingersoll Rand Inc. will post 3.38 EPS for the current year.

Ingersoll Rand Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be given a dividend of $0.02 per share. 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 payout ratio is presently 3.29%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on IR shares. Wells Fargo & Company lowered their price objective on shares of Ingersoll Rand from $90.00 to $88.00 and set an "overweight" rating on the stock in a research report on Thursday, April 30th. Evercore set a $84.00 target price on shares of Ingersoll Rand in a research note on Monday, May 11th. Barclays lowered their price target on Ingersoll Rand from $100.00 to $95.00 and set an "overweight" rating on the stock in a report on Thursday, April 30th. Morgan Stanley set a $87.00 price target on Ingersoll Rand in a research note on Monday. Finally, Weiss Ratings raised 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 given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $96.14.

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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