BankChampaign National Association bought a new stake in shares of Ingersoll Rand Inc. (NYSE:IR – Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,056 shares of the industrial products company’s stock, valued at approximately $485,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Ingersoll Rand during the fourth quarter valued at approximately $407,915,000. T. Rowe Price Investment Management Inc. raised its holdings in Ingersoll Rand by 18.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 21,791,309 shares of the industrial products company’s stock valued at $1,726,308,000 after buying an additional 3,423,501 shares during the period. Capital International Investors raised its holdings in Ingersoll Rand by 4.7% during the 4th quarter. Capital International Investors now owns 52,353,914 shares of the industrial products company’s stock valued at $4,147,878,000 after buying an additional 2,351,781 shares during the period. Lazard Asset Management LLC bought a new stake in Ingersoll Rand in the fourth quarter worth $149,297,000. Finally, Swedbank AB lifted its position in Ingersoll Rand by 72.4% in the fourth quarter. Swedbank AB now owns 3,878,349 shares of the industrial products company’s stock worth $307,243,000 after buying an additional 1,628,996 shares during the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.
Ingersoll Rand Trading Down 0.4%
IR opened at $84.23 on Friday. The firm has a market cap of $32.96 billion, a price-to-earnings ratio of 56.91, a PEG ratio of 5.35 and a beta of 1.17. The company has a current ratio of 2.23, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47. Ingersoll Rand Inc. has a 12 month low of $68.07 and a 12 month high of $100.96. The stock has a fifty day moving average price of $77.78 and a 200-day moving average price of $82.68.
Ingersoll Rand Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend 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 presently 5.41%.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the stock. Barclays cut their price objective on shares of Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Citigroup dropped their price target on shares of Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Morgan Stanley reduced their price objective on shares of Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 3rd. Weiss Ratings raised shares of Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. Finally, Evercore set a $84.00 target price on Ingersoll Rand in a research report on Monday, May 11th. Four equities 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, the company has a consensus rating of “Moderate Buy” and an average price target of $91.86.
Ingersoll Rand News Summary
Here are the key news stories impacting Ingersoll Rand this week:
- Positive Sentiment: Ingersoll Rand reported second-quarter adjusted EPS of $0.86, ahead of the $0.83 consensus estimate and up from $0.80 a year earlier. Revenue rose 8.5% year over year to $2.05 billion, exceeding the $1.96 billion estimate. Ingersoll Rand Q2 Earnings and Revenues Beat Estimates
- Positive Sentiment: Management raised its fiscal 2026 revenue outlook to $8.0 billion-$8.1 billion, above the approximately $7.9 billion analyst consensus, signaling continued demand and order momentum. The company cited strong organic growth, portfolio strength and consistent execution. Ingersoll Rand Reports Second Quarter 2026 Results
- Neutral Sentiment: Full-year 2026 EPS guidance was listed at approximately $3.57, above the $3.48 consensus estimate. However, reports characterized the earnings forecast as essentially steady, limiting the upside reaction compared with the revenue outlook.
- Negative Sentiment: Investors may be concerned that Ingersoll Rand’s valuation remains elevated, with a price-to-earnings ratio above 50 and a PEG ratio above 5. Earlier commentary also argued that cash-flow performance leaves limited room for further upside, increasing the risk of profit-taking after the earnings release. Ingersoll Rand Stock Looks Pricey As Cash Flow Leaves Little Upside
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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