Danske Bank A S Takes Position in Ingersoll Rand Inc. $IR

Danske Bank A S bought a new position in Ingersoll Rand Inc. (NYSE:IR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 201,404 shares of the industrial products company’s stock, valued at approximately $16,513,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bell Investment Advisors Inc bought a new stake in Ingersoll Rand in the 2nd quarter worth approximately $26,000. Deseret Mutual Benefit Administrators boosted its position in shares of Ingersoll Rand by 46.9% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 112 shares during the last quarter. Hilton Head Capital Partners LLC bought a new position in shares of Ingersoll Rand during the 4th quarter valued at approximately $29,000. Reflection Asset Management purchased a new position in shares of Ingersoll Rand in the fourth quarter valued at $31,000. Finally, Torren Management LLC purchased a new position in shares of Ingersoll Rand in the fourth quarter valued at $32,000. 95.27% of the stock is owned by institutional investors.

Ingersoll Rand Price Performance

Shares of IR stock opened at $79.25 on Friday. The company has a market capitalization of $30.75 billion, a P/E ratio of 32.61, a P/E/G ratio of 5.10 and a beta of 1.17. The company’s 50-day simple moving average is $81.73 and its two-hundred day simple moving average is $82.46. Ingersoll Rand Inc. has a one year low of $68.07 and a one year high of $100.96. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.62 and a quick ratio of 1.15.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings results 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 firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.96 billion. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. The company’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. As a group, equities analysts anticipate that Ingersoll Rand Inc. will post 3.39 EPS for the current year.

Ingersoll Rand Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Thursday, August 13th. Ingersoll Rand’s dividend payout ratio is presently 3.29%.

Insiders Place Their Bets

In related news, Director Aurobind Satpathy bought 11,538 shares of the company’s stock in a transaction on 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 transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on IR shares. Morgan Stanley set a $87.00 price target on shares of Ingersoll Rand in a research note on Monday, August 10th. Weiss Ratings upgraded shares of Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. Wall Street Zen cut shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Barclays lowered their price target on shares of Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Finally, 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 research report on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $96.14.

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.