OMERS ADMINISTRATION Corp Acquires Shares of 354,531 Ingersoll Rand Inc. $IR

Key Points

• OMERS Administration Corp. acquired 354,531 shares of Ingersoll Rand during the second quarter, valued at approximately $29.1 million, giving it a 0.09% stake. Institutional investors collectively own 95.27% of the company.
• Ingersoll Rand reported quarterly EPS of $0.86, exceeding expectations of $0.83, while revenue rose 8.5% year over year to $2.05 billion. The company reaffirmed fiscal 2026 guidance of $3.57 EPS.
• The stock opened at $80.52, below the analyst consensus price target of $96.14; analysts maintain a “Moderate Buy” consensus. A director also purchased 11,538 shares, while the company declared a quarterly dividend of $0.02 per share.

OMERS ADMINISTRATION Corp bought a new stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 354,531 shares of the industrial products company's stock, valued at approximately $29,068,000. OMERS ADMINISTRATION Corp owned approximately 0.09% of Ingersoll Rand as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in IR. Deseret Mutual Benefit Administrators grew its holdings in Ingersoll Rand by 46.9% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company's stock worth $28,000 after acquiring an additional 112 shares during the period. Sumitomo Life Insurance Co. grew its position in shares of Ingersoll Rand by 0.7% in the fourth quarter. Sumitomo Life Insurance Co. now owns 21,284 shares of the industrial products company's stock valued at $1,686,000 after purchasing an additional 138 shares during the last quarter. Groupama Asset Managment grew its holdings in Ingersoll Rand by 1.7% during the 4th quarter. Groupama Asset Managment now owns 8,146 shares of the industrial products company's stock valued at $645,000 after buying an additional 140 shares during the last quarter. Andina Capital Management LLC increased its position in Ingersoll Rand by 2.6% during the 4th quarter. Andina Capital Management LLC now owns 5,628 shares of the industrial products company's stock worth $446,000 after purchasing an additional 145 shares in the last quarter. Finally, Chicago Partners Investment Group LLC grew its holdings in shares of Ingersoll Rand by 6.4% during the first quarter. Chicago Partners Investment Group LLC now owns 2,658 shares of the industrial products company's stock worth $222,000 after buying an additional 160 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company's stock.

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 bought at an average cost of $86.68 per share, for a total transaction of $1,000,113.84. Following the acquisition, the director directly owned 11,538 shares of the company's stock, valued at $1,000,113.84. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.49% of the stock is currently owned by company insiders.

Ingersoll Rand Trading Up 0.0%

Shares of IR opened at $80.52 on Monday. Ingersoll Rand Inc. has a 12 month low of $68.07 and a 12 month high of $100.96. The stock's 50-day moving average is $81.86 and its two-hundred day moving average is $82.40. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.62 and a quick ratio of 1.15. The stock has a market cap of $31.24 billion, a PE ratio of 33.14, a P/E/G ratio of 5.06 and a beta of 1.17.

Ingersoll Rand (NYSE:IR - Get Free Report) last posted its earnings results on Thursday, July 30th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.03. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.96 billion. Ingersoll Rand had a return on equity of 12.90% and a net margin of 12.08%.The company's revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.80 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. Equities analysts forecast that Ingersoll Rand Inc. will post 3.39 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Citigroup dropped their target price on Ingersoll Rand from $113.00 to $109.00 and set a "buy" rating for the company in a research note on Thursday, April 30th. Robert W. Baird increased their target price on Ingersoll Rand from $103.00 to $109.00 and gave the stock an "outperform" rating in a research report on Monday, August 3rd. Evercore set a $84.00 price target on Ingersoll Rand in a research report on Monday, May 11th. Weiss Ratings upgraded Ingersoll Rand from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, July 21st. Finally, Morgan Stanley set a $87.00 price objective on Ingersoll Rand in a research note on Monday, August 10th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $96.14.

Ingersoll Rand Company 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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