Flputnam Investment Management Co. Makes New $2.18 Million Investment in Ingersoll Rand Inc. $IR

Flputnam Investment Management Co. bought a new stake in Ingersoll Rand Inc. (NYSE:IR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 26,564 shares of the industrial products company’s stock, valued at approximately $2,178,000.

Other large investors have also recently made changes to their positions in the company. AQR Capital Management LLC lifted its stake 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 purchasing an additional 4,167 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Ingersoll Rand by 4.8% in the first quarter. NewEdge Advisors LLC now owns 6,168 shares of the industrial products company’s stock worth $494,000 after buying an additional 282 shares during the period. Empowered Funds LLC lifted its stake 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 worth $619,000 after acquiring an additional 454 shares during the last quarter. Woodline Partners LP purchased a new position in Ingersoll Rand during the 1st quarter valued at $643,000. Finally, Arrowstreet Capital Limited Partnership grew its position in Ingersoll Rand by 663.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 74,615 shares of the industrial products company’s stock valued at $6,206,000 after acquiring an additional 64,838 shares during the last quarter. 95.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IR has been the subject of several research analyst reports. Stifel Nicolaus upgraded Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a research report on Monday, August 3rd. Evercore set a $84.00 price objective on shares of Ingersoll Rand in a report on Monday, May 11th. Wall Street Zen cut shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Morgan Stanley set a $87.00 target price on shares of Ingersoll Rand in a research note on Monday, August 10th. Finally, Robert W. Baird lifted their price target on shares of Ingersoll Rand from $103.00 to $109.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $96.14.

Insider Activity at Ingersoll Rand

In related news, Director Aurobind Satpathy acquired 11,538 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was purchased at an average cost of $86.68 per share, for a total transaction of $1,000,113.84. Following the purchase, the director directly owned 11,538 shares of the company’s stock, valued at $1,000,113.84. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.49% of the company’s stock.

Ingersoll Rand Stock Performance

IR stock opened at $78.52 on Monday. Ingersoll Rand Inc. has a 1-year low of $68.07 and a 1-year high of $100.96. The business has a 50-day moving average price of $82.02 and a 200 day moving average price of $81.78. The company has a market capitalization of $30.47 billion, a P/E ratio of 32.31, a PEG ratio of 4.94 and a beta of 1.17. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.62 and a quick ratio of 1.15.

Ingersoll Rand (NYSE:IR) last posted its earnings results on Thursday, July 30th. The industrial products company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.96 billion. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.80 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. As a group, equities research analysts forecast that Ingersoll Rand Inc. will post 3.39 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be given a $0.02 dividend. 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 payout ratio is presently 3.29%.

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.