Regents Gate Capital LLP Buys Shares of 310,957 Ingersoll Rand Inc. $IR

Regents Gate Capital LLP purchased a new position in Ingersoll Rand Inc. (NYSE:IR) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 310,957 shares of the industrial products company’s stock, valued at approximately $24,914,000. Ingersoll Rand comprises approximately 5.3% of Regents Gate Capital LLP’s portfolio, making the stock its 2nd largest position.

Several other hedge funds have also recently added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators boosted its stake 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 purchasing an additional 112 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new position in Ingersoll Rand during the fourth quarter worth about $29,000. Reflection Asset Management purchased a new stake in Ingersoll Rand during the 4th quarter valued at about $31,000. Torren Management LLC acquired a new stake in Ingersoll Rand in the 4th quarter valued at about $32,000. Finally, Salomon & Ludwin LLC lifted its stake in Ingersoll Rand by 166.9% in the 4th quarter. Salomon & Ludwin LLC now owns 427 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 267 shares in the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.

Ingersoll Rand Stock Down 2.9%

Shares of NYSE IR opened at $82.29 on Friday. The company has a quick ratio of 1.59, a current ratio of 2.23 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average is $75.51 and its two-hundred day moving average is $82.54. Ingersoll Rand Inc. has a 52-week low of $68.07 and a 52-week high of $100.96. The firm has a market cap of $32.20 billion, a price-to-earnings ratio of 55.60, a PEG ratio of 5.20 and a beta of 1.17.

Ingersoll Rand (NYSE:IR) last posted its earnings results on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.03. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. Ingersoll Rand had a return on equity of 12.79% and a net margin of 7.54%.Ingersoll Rand’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.72 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Research analysts predict that Ingersoll Rand Inc. will post 3.37 EPS for the current year.

Ingersoll Rand Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were issued a $0.02 dividend. The ex-dividend date was Thursday, May 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Ingersoll Rand’s dividend payout ratio (DPR) is 5.41%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on IR. Wells Fargo & Company dropped their price target on Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Robert W. Baird set a $103.00 target price on Ingersoll Rand in a research note on Thursday, April 30th. Citigroup lowered their price target on shares of Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Stifel Nicolaus cut their price objective on shares of Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating for the company in a research report on Tuesday, April 14th. Finally, Evercore set a $84.00 price target on shares of Ingersoll Rand in a research note on Monday, May 11th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $92.71.

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.