National Pension Service Boosts Position in Ingersoll Rand Inc. $IR

Key Points

• National Pension Service increased its Ingersoll Rand stake by 10.8% in the second quarter, bringing its holdings to 639,205 shares valued at approximately $52.4 million. Institutional investors collectively own 95.27% of the company.
• Ingersoll Rand reported quarterly earnings of $0.86 per share, exceeding estimates of $0.83, while revenue rose 8.5% year over year to $2.05 billion.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $96.14 versus its reported share price of $72.84.

National Pension Service raised its position in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 10.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 639,205 shares of the industrial products company's stock after buying an additional 62,411 shares during the quarter. National Pension Service owned approximately 0.16% of Ingersoll Rand worth $52,408,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Bell Investment Advisors Inc purchased a new stake in shares of Ingersoll Rand during the 2nd quarter worth approximately $26,000. Continuum Advisory LLC acquired a new stake in Ingersoll Rand during the second quarter worth about $27,000. Deseret Mutual Benefit Administrators raised its position in Ingersoll Rand by 46.9% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 112 shares during the period. Hilton Head Capital Partners LLC purchased a new position in Ingersoll Rand in the 4th quarter valued at about $29,000. Finally, Reflection Asset Management acquired a new position in Ingersoll Rand during the 4th quarter worth $31,000. Institutional investors and hedge funds own 95.27% of the company's stock.

Ingersoll Rand Stock Performance

Shares of NYSE:IR opened at $72.84 on Friday. The firm has a market cap of $28.26 billion, a PE ratio of 29.98, a PEG ratio of 4.58 and a beta of 1.15. The company's 50 day moving average price is $80.98 and its two-hundred day moving average price is $80.34. Ingersoll Rand Inc. has a 12-month low of $68.07 and a 12-month high of $100.96. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 0.40.

Ingersoll Rand (NYSE:IR - Get Free Report) last issued its earnings results on Thursday, July 30th. The industrial products company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.03. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates 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 quarter last year, the business posted $0.80 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. Equities research analysts predict that Ingersoll Rand Inc. will post 3.39 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th were given a $0.02 dividend. The ex-dividend date of this dividend was 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 other Ingersoll Rand news, Director Aurobind Satpathy acquired 11,538 shares of the company's stock in a transaction on Monday, August 3rd. The shares were acquired at an average cost of $86.68 per share, with a total value of $1,000,113.84. Following the completion of the acquisition, the director directly 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 this hyperlink. Company insiders own 0.49% of the company's stock.

Wall Street Analysts Forecast Growth

IR has been the subject of a number of recent analyst reports. Weiss Ratings raised Ingersoll Rand from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, July 21st. Wall Street Zen downgraded shares of Ingersoll Rand from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. Morgan Stanley set a $87.00 price target on Ingersoll Rand in a report on Monday, August 10th. 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 report on Monday, August 3rd. Finally, Robert W. Baird upped their price target on Ingersoll Rand from $103.00 to $109.00 and gave the company an "outperform" rating in a research note on Monday, August 3rd. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $96.14.

About Ingersoll Rand

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.