Brevan Howard Capital Management LP Purchases 11,575 Shares of Ingersoll Rand Inc. $IR

Brevan Howard Capital Management LP lifted its holdings in Ingersoll Rand Inc. (NYSE:IR) by 21.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 64,500 shares of the industrial products company’s stock after buying an additional 11,575 shares during the period. Brevan Howard Capital Management LP’s holdings in Ingersoll Rand were worth $5,329,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. AQR Capital Management LLC raised its position in Ingersoll Rand by 12.7% in the first quarter. AQR Capital Management LLC now owns 37,078 shares of the industrial products company’s stock worth $2,904,000 after acquiring an additional 4,167 shares during the period. NewEdge Advisors LLC grew its position in shares of Ingersoll Rand by 4.8% during the 1st quarter. NewEdge Advisors LLC now owns 6,168 shares of the industrial products company’s stock valued at $494,000 after acquiring an additional 282 shares during the period. Empowered Funds LLC grew its position in shares of 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 acquiring an additional 454 shares during the period. Woodline Partners LP purchased a new stake in shares of Ingersoll Rand in the 1st quarter worth $643,000. Finally, AE Wealth Management LLC increased its stake in shares of Ingersoll Rand by 5.5% in the 2nd quarter. AE Wealth Management LLC now owns 2,916 shares of the industrial products company’s stock worth $243,000 after purchasing an additional 151 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Stock Performance

NYSE:IR opened at $82.12 on Monday. The stock has a 50-day moving average price of $90.28 and a 200 day moving average price of $83.19. The stock has a market capitalization of $32.16 billion, a P/E ratio of 56.64, a P/E/G ratio of 5.07 and a beta of 1.29. Ingersoll Rand Inc. has a 12-month low of $65.61 and a 12-month high of $100.96. The company has a current ratio of 2.06, a quick ratio of 1.49 and a debt-to-equity ratio of 0.47.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings results on Thursday, February 12th. The industrial products company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.06. Ingersoll Rand had a return on equity of 12.62% and a net margin of 7.60%.The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the prior year, the company posted $0.84 EPS. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Equities research analysts forecast that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Wednesday, March 4th will be given a dividend of $0.02 per share. The ex-dividend date is Wednesday, March 4th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Ingersoll Rand’s dividend payout ratio is currently 5.52%.

Insider Activity at Ingersoll Rand

In other Ingersoll Rand news, CAO Michael J. Scheske sold 19,122 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $97.67, for a total transaction of $1,867,645.74. Following the completion of the transaction, the chief accounting officer owned 12,153 shares of the company’s stock, valued at $1,186,983.51. This represents a 61.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kathleen M. Keene sold 12,000 shares of Ingersoll Rand stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $99.46, for a total value of $1,193,520.00. Following the completion of the sale, the insider directly owned 3,528 shares in the company, valued at $350,894.88. This trade represents a 77.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 584,771 shares of company stock valued at $54,976,547 in the last ninety days. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on IR. Zacks Research upgraded Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research report on Friday, December 12th. Stifel Nicolaus lifted their price objective on Ingersoll Rand from $87.00 to $101.00 and gave the company a “hold” rating in a research report on Tuesday, February 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a research note on Monday, December 29th. Barclays raised their target price on shares of Ingersoll Rand from $91.00 to $111.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 17th. Finally, Citigroup lifted their price target on shares of Ingersoll Rand from $94.00 to $98.00 and gave the company a “buy” rating in a report on Monday, January 12th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $101.86.

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.