UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Position in Ingersoll Rand Inc. $IR

Key Points

• UBS Asset Management reduced its Ingersoll Rand position by 5.7% in the second quarter, selling 341,829 shares and retaining 5.67 million shares worth approximately $464.9 million. Institutional investors collectively own 95.27% of the company.
• Ingersoll Rand exceeded quarterly expectations, reporting $0.86 in earnings per share versus the $0.83 consensus and $2.05 billion in revenue versus $1.96 billion expected. Revenue increased 8.5% year over year.
• Analyst sentiment remains favorable, with five Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $96.14, compared with a recent share price of $78.52.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 5.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,669,838 shares of the industrial products company's stock after selling 341,829 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.46% of Ingersoll Rand worth $464,870,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of IR. Bell Investment Advisors Inc acquired a new position in shares of Ingersoll Rand in the 2nd quarter valued at $26,000. Deseret Mutual Benefit Administrators lifted its holdings 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 worth $28,000 after acquiring an additional 112 shares during the last quarter. Hilton Head Capital Partners LLC bought a new position in Ingersoll Rand in the 4th quarter worth about $29,000. Reflection Asset Management bought a new stake in shares of Ingersoll Rand during the 4th quarter worth about $31,000. Finally, Arax Advisory Partners acquired a new stake in Ingersoll Rand in the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 95.27% of the company's stock.

Ingersoll Rand Price Performance

NYSE:IR opened at $78.52 on Monday. The stock's 50 day moving average price is $82.02 and its two-hundred day moving average price is $81.78. Ingersoll Rand Inc. has a 12-month low of $68.07 and a 12-month high of $100.96. The firm has a market capitalization of $30.47 billion, a price-to-earnings ratio of 32.31, a P/E/G ratio of 4.94 and a beta of 1.17. 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 announced its earnings results on Thursday, July 30th. The industrial products company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.03. The company had revenue of $2.05 billion for 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 firm's quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.80 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. On average, analysts anticipate that Ingersoll Rand Inc. will post 3.39 earnings per share for the current year.

Ingersoll Rand Announces Dividend

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

Insider Activity

In other news, Director Aurobind Satpathy acquired 11,538 shares of the firm's stock in a transaction that occurred 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 purchase, the director directly owned 11,538 shares of the company's stock, valued at $1,000,113.84. The trade was a ∞ increase in their position. The transaction 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.

Wall Street Analyst Weigh In

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

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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