Hsbc Holdings PLC boosted its position in shares of Ingersoll Rand Inc. (NYSE:IR – Free Report) by 12.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 796,787 shares of the industrial products company’s stock after purchasing an additional 91,333 shares during the period. Hsbc Holdings PLC owned about 0.21% of Ingersoll Rand worth $65,397,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Bell Investment Advisors Inc acquired a new position in Ingersoll Rand in the second quarter worth $26,000. Deseret Mutual Benefit Administrators grew its holdings 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 worth $28,000 after acquiring an additional 112 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new stake in Ingersoll Rand in the 4th quarter valued at about $29,000. Reflection Asset Management acquired a new stake in Ingersoll Rand in the 4th quarter valued at about $31,000. Finally, Arax Advisory Partners bought a new position in shares of Ingersoll Rand in the fourth quarter worth about $35,000. 95.27% of the stock is owned by institutional investors.
Insider Transactions at Ingersoll Rand
In related news, Director Aurobind Satpathy bought 11,538 shares of Ingersoll Rand stock in a transaction on Monday, August 3rd. The shares were purchased at an average price of $86.68 per share, for a total transaction 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 represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.49% of the company’s stock.
Analyst Ratings Changes
Several research firms have recently commented on IR. Morgan Stanley set a $87.00 price target on shares of Ingersoll Rand in a research note on Monday, August 10th. Wall Street Zen cut shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Weiss Ratings raised Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. Evercore set a $84.00 price objective on Ingersoll Rand in a research report on Monday, May 11th. Finally, Stifel Nicolaus raised Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a research note 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 MarketBeat.com, Ingersoll Rand currently has an average rating of “Moderate Buy” and a consensus target price of $96.14.
Check Out Our Latest Analysis on Ingersoll Rand
Ingersoll Rand Trading Down 0.0%
Shares of NYSE IR opened at $76.34 on Tuesday. Ingersoll Rand Inc. has a fifty-two week low of $68.07 and a fifty-two week high of $100.96. The firm has a market capitalization of $29.62 billion, a P/E ratio of 31.42, a P/E/G ratio of 4.80 and a beta of 1.15. 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 company’s 50 day simple moving average is $81.57 and its 200 day simple moving average is $80.87.
Ingersoll Rand (NYSE:IR – Get Free Report) last released its earnings results on Thursday, July 30th. The industrial products company reported $0.86 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 firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the business earned $0.80 EPS. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. On average, analysts predict that Ingersoll Rand Inc. will post 3.39 EPS for the current year.
Ingersoll Rand Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th were paid 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 dividend payout ratio is presently 3.29%.
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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