Sarah Ketterer's Causeway Capital Management significantly increased its investment in industrial manufacturer Ingersoll Rand (IR), boosting its holding by 65% to 1.03 million shares. According to a quarterly disclosure, the firm's position was valued at $84.75 million as of June 30, 2026, up from $50.16 million at the end of the prior quarter.
This portfolio adjustment reflects trades made during the second quarter of 2026. The disclosure, filed on August 13, offers a delayed look at this activity. During that period, Ingersoll Rand reported a 9% year-over-year revenue increase to $2.05 billion and raised its full-year guidance. The company also received a credit rating upgrade from Moody's to Baa1 in June.