Nwam LLC Purchases New Position in Ingersoll Rand Inc. $IR

Key Points

• Nwam LLC acquired 14,600 shares of Ingersoll Rand during the second quarter, valued at approximately $1.2 million. Institutional investors collectively own 95.27% of the company.
• Analysts maintain a generally positive outlook, with five Buy ratings and three Hold ratings producing a “Moderate Buy” consensus and an average price target of $96.14.
• Ingersoll Rand exceeded quarterly expectations, reporting $0.86 in EPS and $2.05 billion in revenue, up 8.5% year over year. The company also declared a quarterly dividend of $0.02 per share.

Nwam LLC acquired a new stake in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,600 shares of the industrial products company's stock, valued at approximately $1,197,000.

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on IR. Stifel Nicolaus raised 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. Evercore set a $84.00 target price on Ingersoll Rand in a research report on Monday, May 11th. Wall Street Zen cut shares of Ingersoll Rand from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. Robert W. Baird raised their price target on shares of Ingersoll Rand from $103.00 to $109.00 and gave the stock an "outperform" rating in a research note on Monday, August 3rd. Finally, Weiss Ratings raised shares of Ingersoll Rand from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, July 21st. 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.com, Ingersoll Rand has an average rating of "Moderate Buy" and an average price target of $96.14.

Insider Buying and Selling

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 bought 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 owned 11,538 shares in the company, valued at approximately $1,000,113.84. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.49% of the company's stock.

Ingersoll Rand Stock Up 0.4%

NYSE:IR opened at $74.95 on Thursday. Ingersoll Rand Inc. has a fifty-two week low of $68.07 and a fifty-two week high of $100.96. The stock has a market capitalization of $29.08 billion, a P/E ratio of 30.84, a P/E/G ratio of 4.69 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. The company's 50-day simple moving average is $81.89 and its 200-day simple moving average is $81.34.

Ingersoll Rand (NYSE:IR - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, topping 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 quarter last year, the company posted $0.80 earnings per share. The business's quarterly 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 analysts anticipate that Ingersoll Rand Inc. will post 3.39 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date is Thursday, August 13th. Ingersoll Rand's dividend payout ratio (DPR) is currently 3.29%.

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.

Want to see what other hedge funds are holding IR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ingersoll Rand Inc. (NYSE:IR - Free Report).

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source