261,554 Shares in Ingersoll Rand Inc. $IR Bought by Goodnow Investment Group LLC

Goodnow Investment Group LLC purchased a new position in shares of Ingersoll Rand Inc. (NYSE:IR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 261,554 shares of the industrial products company’s stock, valued at approximately $21,445,000. Ingersoll Rand accounts for 2.2% of Goodnow Investment Group LLC’s investment portfolio, making the stock its 16th biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in IR. BlackRock Inc. acquired a new position in shares of Ingersoll Rand during the second quarter worth about $2,484,319,000. Norges Bank acquired a new stake in Ingersoll Rand in the fourth quarter valued at approximately $407,915,000. Bank of New York Mellon Corp purchased a new position in Ingersoll Rand in the second quarter worth approximately $328,309,000. T. Rowe Price Investment Management Inc. lifted its stake in Ingersoll Rand by 18.6% in the fourth 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 last quarter. Finally, Capital International Investors grew its holdings in Ingersoll Rand by 4.7% during the 4th quarter. Capital International Investors now owns 52,353,914 shares of the industrial products company’s stock worth $4,147,878,000 after acquiring an additional 2,351,781 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Insiders Place Their Bets

In other news, Director Aurobind Satpathy acquired 11,538 shares of the firm’s stock in a transaction dated 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 completion of the acquisition, the director owned 11,538 shares of the company’s stock, valued at $1,000,113.84. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.49% of the company’s stock.

Ingersoll Rand Trading Down 0.6%

NYSE IR opened at $80.01 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.62 and a quick ratio of 1.15. The firm’s fifty day moving average price is $81.93 and its 200 day moving average price is $82.30. The company has a market capitalization of $31.04 billion, a price-to-earnings ratio of 32.93, a price-to-earnings-growth ratio of 5.06 and a beta of 1.17. Ingersoll Rand Inc. has a 12 month low of $68.07 and a 12 month high of $100.96.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.96 billion. During the same period in the previous year, the company earned $0.80 earnings per share. Ingersoll Rand’s quarterly 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, sell-side analysts expect that Ingersoll Rand Inc. will post 3.39 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The company also recently declared 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. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Thursday, August 13th. Ingersoll Rand’s dividend payout ratio (DPR) is currently 3.29%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Weiss Ratings raised Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. Evercore set a $84.00 price target on Ingersoll Rand in a research note on Monday, May 11th. Robert W. Baird lifted their price target on Ingersoll Rand from $103.00 to $109.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Finally, Stifel Nicolaus raised 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. Five investment 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, Ingersoll Rand presently has a consensus rating of “Moderate Buy” and a consensus 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.