Man Group plc Takes $1.68 Million Position in Ingersoll Rand Inc. $IR

Man Group plc bought a new position in shares of Ingersoll Rand Inc. (NYSE:IR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 20,430 shares of the industrial products company’s stock, valued at approximately $1,675,000.

Several other institutional investors have also modified their holdings of the business. Bell Investment Advisors Inc purchased a new position in Ingersoll Rand in the second quarter valued at about $26,000. Deseret Mutual Benefit Administrators increased its holdings 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 shares of Ingersoll Rand in the 4th quarter valued at approximately $29,000. Reflection Asset Management acquired a new position in shares of Ingersoll Rand in the 4th quarter valued at approximately $31,000. Finally, Arax Advisory Partners purchased a new position in shares of Ingersoll Rand during the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Wall Street Zen lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Morgan Stanley set a $87.00 price objective on shares of Ingersoll Rand in a research note on Monday, August 10th. Weiss Ratings raised shares of Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 21st. Robert W. Baird upped their target price 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. Finally, Evercore set a $84.00 price target on Ingersoll Rand in a research note on Monday, May 11th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ingersoll Rand has an average rating of “Moderate Buy” and an average price target of $96.14.

Insider Transactions at Ingersoll Rand

In related news, Director Aurobind Satpathy bought 11,538 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was bought at an average cost of $86.68 per share, for a total transaction of $1,000,113.84. Following the completion of the purchase, the director directly owned 11,538 shares in the company, valued at approximately $1,000,113.84. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.49% of the stock is owned by corporate insiders.

Ingersoll Rand Stock Performance

Shares of IR opened at $74.56 on Wednesday. The stock has a market capitalization of $28.93 billion, a PE ratio of 30.68, a price-to-earnings-growth ratio of 4.85 and a beta of 1.15. The business’s fifty day moving average price is $81.95 and its 200 day moving average price is $81.48. 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 Inc. has a 12-month low of $68.07 and a 12-month high of $100.96.

Ingersoll Rand (NYSE:IR) last released its earnings results on Thursday, July 30th. The industrial products company reported $0.86 earnings per share for the quarter, beating 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 firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the firm earned $0.80 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts forecast that Ingersoll Rand Inc. will post 3.39 EPS for the current year.

Ingersoll Rand Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be paid a dividend of $0.02 per share. The ex-dividend date is Thursday, August 13th. This represents a $0.08 annualized dividend and a yield of 0.1%. Ingersoll Rand’s dividend payout ratio is 3.29%.

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.