Sanctuary Advisors LLC Takes $2.30 Million Position in Ingersoll Rand Inc. $IR

Sanctuary Advisors LLC acquired a new position in shares of Ingersoll Rand Inc. (NYSE:IR) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 28,107 shares of the industrial products company’s stock, valued at approximately $2,304,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bell Investment Advisors Inc acquired a new position in shares of Ingersoll Rand in the 2nd quarter valued at $26,000. Deseret Mutual Benefit Administrators raised 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 buying an additional 112 shares during the period. Hilton Head Capital Partners LLC acquired a new stake in Ingersoll Rand during the 4th quarter worth about $29,000. Reflection Asset Management purchased a new position in shares of Ingersoll Rand in the fourth quarter worth approximately $31,000. Finally, Torren Management LLC purchased a new position in shares of Ingersoll Rand in the fourth quarter worth approximately $32,000. 95.27% of the stock is owned by institutional investors and hedge funds.

Ingersoll Rand Stock Down 1.7%

Ingersoll Rand stock opened at $78.61 on Wednesday. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.40. Ingersoll Rand Inc. has a 1-year low of $68.07 and a 1-year high of $100.96. The firm’s fifty day simple moving average is $81.93 and its 200-day simple moving average is $82.17. The company has a market capitalization of $30.50 billion, a P/E ratio of 32.35, a P/E/G ratio of 5.03 and a beta of 1.17.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. The firm had revenue of $2.05 billion during 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 revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.80 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. Sell-side analysts forecast that Ingersoll Rand Inc. will post 3.39 earnings per share 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 paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Thursday, August 13th. Ingersoll Rand’s dividend payout ratio is 3.29%.

Analyst Upgrades and Downgrades

IR has been the subject of several research analyst reports. Barclays reduced their price target on shares of Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Morgan Stanley set a $87.00 target price on Ingersoll Rand in a research report on Monday, August 10th. Wells Fargo & Company dropped their price target on Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Weiss Ratings upgraded Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. Finally, Wall Street Zen lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Ingersoll Rand has an average rating of “Moderate Buy” and an average target price of $96.14.

Insider Activity

In related news, Director Aurobind Satpathy acquired 11,538 shares of the stock in a transaction dated Monday, August 3rd. The shares were acquired at an average price of $86.68 per share, with a total value of $1,000,113.84. Following the acquisition, the director 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 SEC, which can be accessed through this link. Company insiders own 0.49% of the company’s stock.

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.