Insider Buying: Ingersoll Rand (NYSE:IR) Director Purchases 11,538 Shares of Stock

Ingersoll Rand Inc. (NYSE:IR) Director Aurobind Satpathy purchased 11,538 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was acquired at an average cost of $86.68 per share, with a total value 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ingersoll Rand Trading Up 0.6%

NYSE IR traded up $0.51 during trading on Wednesday, hitting $89.97. The company had a trading volume of 4,184,006 shares, compared to its average volume of 4,489,606. The company’s fifty day moving average is $79.08 and its 200-day moving average is $82.72. Ingersoll Rand Inc. has a one year low of $68.07 and a one year 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 company has a market cap of $34.91 billion, a price-to-earnings ratio of 37.02, a price-to-earnings-growth ratio of 5.66 and a beta of 1.17.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.03. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. Ingersoll Rand’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.80 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. On average, sell-side analysts predict that Ingersoll Rand Inc. will post 3.37 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Thursday, August 13th. Ingersoll Rand’s dividend payout ratio (DPR) is presently 3.29%.

Wall Street Analyst Weigh In

IR has been the subject of a number of research reports. Morgan Stanley decreased their price objective on Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating for the company in a 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 report on Tuesday, July 21st. 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 report on Monday. Stifel Nicolaus upgraded shares of Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 price objective on the stock in a report on Monday. Finally, Citigroup dropped their price target on Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $95.14.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Mill Capital Management LLC purchased a new stake in shares of Ingersoll Rand during the second quarter valued at approximately $1,074,000. Tema ETFs LLC boosted its stake in Ingersoll Rand by 3.1% during the 2nd quarter. Tema ETFs LLC now owns 135,039 shares of the industrial products company’s stock valued at $11,072,000 after purchasing an additional 4,064 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Ingersoll Rand by 77.0% in the 2nd quarter. Handelsbanken Fonder AB now owns 6,405 shares of the industrial products company’s stock worth $525,000 after purchasing an additional 2,786 shares in the last quarter. Allied Private Wealth LLC purchased a new position in shares of Ingersoll Rand in the second quarter worth $76,000. Finally, Wealth Science Advisors LLC lifted its holdings in shares of Ingersoll Rand by 63.0% during the second quarter. Wealth Science Advisors LLC now owns 3,735 shares of the industrial products company’s stock valued at $306,000 after purchasing an additional 1,444 shares in the last quarter. 95.27% of the stock is owned by hedge funds and other institutional investors.

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.