Oregon Public Employees Retirement Fund Has $3.41 Million Stake in Ingersoll Rand Inc. $IR

Oregon Public Employees Retirement Fund raised its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 18.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,272 shares of the industrial products company’s stock after purchasing an additional 6,464 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Ingersoll Rand were worth $3,410,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in shares of Ingersoll Rand in the second quarter worth $8,375,000. Fisher Asset Management LLC boosted its holdings in Ingersoll Rand by 0.6% in the 2nd quarter. Fisher Asset Management LLC now owns 6,913,924 shares of the industrial products company’s stock valued at $575,100,000 after purchasing an additional 38,999 shares during the period. Nordea Investment Management AB grew its position in Ingersoll Rand by 4.3% in the 2nd quarter. Nordea Investment Management AB now owns 1,797,823 shares of the industrial products company’s stock worth $149,920,000 after purchasing an additional 74,070 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Ingersoll Rand by 85.3% during the 2nd quarter. Allworth Financial LP now owns 8,116 shares of the industrial products company’s stock worth $675,000 after purchasing an additional 3,736 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in shares of Ingersoll Rand during the second quarter valued at about $10,746,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Price Performance

Shares of IR stock opened at $85.58 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.16 and a quick ratio of 1.51. The stock’s fifty day simple moving average is $79.30 and its 200 day simple moving average is $80.67. Ingersoll Rand Inc. has a one year low of $65.61 and a one year high of $95.85. The firm has a market cap of $33.81 billion, a price-to-earnings ratio of 63.39, a P/E/G ratio of 5.17 and a beta of 1.33.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings data on Thursday, October 30th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). Ingersoll Rand had a net margin of 7.31% and a return on equity of 12.14%. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the business posted $0.84 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year. Ingersoll Rand has set its FY 2025 guidance at 3.250-3.310 EPS. On average, analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, November 13th. Ingersoll Rand’s dividend payout ratio is currently 5.93%.

Insider Buying and Selling at Ingersoll Rand

In other news, CAO Michael J. Scheske sold 1,477 shares of Ingersoll Rand stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $80.63, for a total value of $119,090.51. Following the completion of the transaction, the chief accounting officer owned 12,153 shares in the company, valued at approximately $979,896.39. The trade was a 10.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on IR. Zacks Research upgraded Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. Stifel Nicolaus boosted their price objective on Ingersoll Rand from $75.00 to $81.00 and gave the company a “hold” rating in a research report on Tuesday, December 16th. Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a research note on Monday, December 29th. Robert W. Baird decreased their price target on shares of Ingersoll Rand from $103.00 to $100.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Finally, Citigroup boosted their price target on shares of Ingersoll Rand from $91.00 to $94.00 and gave the company a “buy” rating in a report on Monday, December 8th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $91.11.

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.