Danica Pension Livsforsikringsaktieselskab purchased a new position in shares of Ingersoll Rand Inc. (NYSE:IR – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 105,297 shares of the industrial products company’s stock, valued at approximately $8,633,000.
A number of other institutional investors have also recently bought and sold shares of IR. Danske Bank A S bought a new position in shares of Ingersoll Rand during the second quarter worth approximately $16,513,000. Wealthfront Advisers LLC acquired a new stake in shares of Ingersoll Rand in the second quarter valued at approximately $2,330,000. Meeder Advisory Services Inc. bought a new stake in shares of Ingersoll Rand in the second quarter valued at approximately $261,000. Citizens Financial Group Inc. RI acquired a new stake in Ingersoll Rand during the second quarter worth approximately $366,000. Finally, MidFirst Bank acquired a new stake in Ingersoll Rand during the second quarter worth approximately $41,000. Institutional investors own 95.27% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the company. 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 report on Monday, August 3rd. Morgan Stanley set a $87.00 price target on Ingersoll Rand in a research report on Monday, August 10th. Citigroup dropped their price target on Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. 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. Finally, Wells Fargo & Company reduced their price objective on shares of Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.14.
Ingersoll Rand Price Performance
Ingersoll Rand stock opened at $80.78 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.15 and a current ratio of 1.62. Ingersoll Rand Inc. has a 52 week low of $68.07 and a 52 week high of $100.96. The stock has a market capitalization of $31.34 billion, a P/E ratio of 33.24, a price-to-earnings-growth ratio of 5.25 and a beta of 1.17. The stock has a fifty day moving average of $81.40 and a 200-day moving average of $82.56.
Ingersoll Rand (NYSE:IR – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.03. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.96 billion. Ingersoll Rand had a return on equity of 12.90% and a net margin of 12.08%.Ingersoll Rand’s revenue was up 8.5% compared to the same quarter last year. During the same period last year, the firm posted $0.80 earnings per share. 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 3.38 earnings per share for the current fiscal year.
Ingersoll Rand Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand’s payout ratio is 3.29%.
Insider Transactions at Ingersoll Rand
In related news, Director Aurobind Satpathy acquired 11,538 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was acquired at an average price of $86.68 per share, with a total value of $1,000,113.84. Following the purchase, the director directly owned 11,538 shares in the company, valued at approximately $1,000,113.84. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.49% of the stock is currently owned by corporate insiders.
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.
Featured Articles
- Five stocks we like better than Ingersoll Rand
- The AI Boom Is Turning This Cable Maker Into a Stock to Watch
- A Star Investor Just Trimmed Amazon—Here’s What It means
- Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look
- Home Depot Analysts See a Path to $375 and Beyond
Receive News & Ratings for Ingersoll Rand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingersoll Rand and related companies with MarketBeat.com's FREE daily email newsletter.
