OMERS ADMINISTRATION Corp Makes New Investment in Ingersoll Rand Inc. $IR

OMERS ADMINISTRATION Corp bought a new position in shares of Ingersoll Rand Inc. (NYSE:IR) during the second quarter, Holdings Channel reports. The institutional investor bought 354,531 shares of the industrial products company’s stock, valued at approximately $29,068,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Ingersoll Rand during the 2nd quarter worth approximately $2,484,319,000. Norges Bank bought a new stake in Ingersoll Rand in the fourth quarter valued at $407,915,000. Bank of New York Mellon Corp acquired a new position in shares of Ingersoll Rand during the second quarter valued at $328,309,000. T. Rowe Price Investment Management Inc. increased its holdings in shares of Ingersoll Rand by 18.6% in 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 acquiring an additional 3,423,501 shares during the period. Finally, Capital International Investors lifted its position in Ingersoll Rand by 4.7% in 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 purchasing an additional 2,351,781 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 $80.52 on Monday. Ingersoll Rand Inc. has a twelve month low of $68.07 and a twelve month high of $100.96. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.40. The firm has a 50-day moving average of $81.86 and a two-hundred day moving average of $82.40. The company has a market capitalization of $31.24 billion, a price-to-earnings ratio of 33.14, a PEG ratio of 5.06 and a beta of 1.17.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.03. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the previous year, the company posted $0.80 EPS. The business’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. As a group, analysts expect that Ingersoll Rand Inc. will post 3.39 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The firm 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 $0.02 dividend. The ex-dividend date is Thursday, August 13th. This represents a $0.08 annualized dividend and a yield of 0.1%. Ingersoll Rand’s payout ratio is 3.29%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Wells Fargo & Company dropped their price target on shares of Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Morgan Stanley set a $87.00 target price on Ingersoll Rand in a research note on Monday, August 10th. Wall Street Zen cut Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Barclays lowered their price target on Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Finally, Evercore set a $84.00 price objective on shares of Ingersoll Rand in a research note on Monday, May 11th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Ingersoll Rand currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.14.

Insider Activity

In related news, Director Aurobind Satpathy acquired 11,538 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was bought at an average price of $86.68 per share, for a total transaction of $1,000,113.84. Following the transaction, the director owned 11,538 shares of the company’s stock, valued at approximately $1,000,113.84. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.49% of the company’s stock.

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.