Public Employees Retirement System of Ohio Makes New Investment in Ingersoll Rand Inc. $IR

Public Employees Retirement System of Ohio acquired a new stake in Ingersoll Rand Inc. (NYSE:IR) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 111,576 shares of the industrial products company’s stock, valued at approximately $9,148,000.

A number of other institutional investors and hedge funds have also made changes to their positions in IR. BlackRock Inc. purchased a new stake in shares of Ingersoll Rand during the 2nd quarter worth $2,484,319,000. Jupiter Topco LLC purchased a new position in Ingersoll Rand in the second quarter valued at $547,628,000. Norges Bank acquired a new stake in Ingersoll Rand in the fourth quarter valued at $407,915,000. Bank of New York Mellon Corp purchased a new stake in Ingersoll Rand during the 2nd quarter worth about $328,309,000. Finally, T. Rowe Price Investment Management Inc. lifted 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 worth $1,726,308,000 after buying an additional 3,423,501 shares during the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.

Ingersoll Rand Price Performance

Shares of NYSE:IR opened at $77.13 on Tuesday. Ingersoll Rand Inc. has a one year low of $68.07 and a one year high of $100.96. The stock has a market capitalization of $29.93 billion, a price-to-earnings ratio of 31.74, a PEG ratio of 4.94 and a beta of 1.17. The company has a 50-day simple moving average of $82.00 and a 200-day simple moving average of $81.64. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.15 and a current ratio of 1.62.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.83 by $0.03. Ingersoll Rand had a return on equity of 12.90% and a net margin of 12.08%.The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the business earned $0.80 EPS. The firm’s 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 company also recently disclosed 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. The ex-dividend date is Thursday, August 13th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Ingersoll Rand’s dividend payout ratio is presently 3.29%.

Insider Activity at Ingersoll Rand

In other news, Director Aurobind Satpathy bought 11,538 shares of the stock in a transaction dated Monday, August 3rd. The shares were acquired at an average price of $86.68 per share, with a total value of $1,000,113.84. Following the completion of the acquisition, the director directly owned 11,538 shares in the company, valued at approximately $1,000,113.84. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

IR has been the topic of a number of recent analyst reports. Morgan Stanley set a $87.00 price objective on Ingersoll Rand in a report on Monday, August 10th. Weiss Ratings raised Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. Wall Street Zen lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Stifel Nicolaus upgraded shares of Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a research report on Monday, August 3rd. Finally, Evercore set a $84.00 target price on shares of Ingersoll Rand in a report on Monday, May 11th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Ingersoll Rand currently has a consensus rating of “Moderate Buy” and an average 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.