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

Danske Bank A S acquired a new position in Ingersoll Rand Inc. (NYSE:IR) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 201,404 shares of the industrial products company’s stock, valued at approximately $16,513,000. Danske Bank A S owned 0.05% of Ingersoll Rand as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Fifth Third Bancorp grew its holdings in shares of Ingersoll Rand by 388.7% during the 1st quarter. Fifth Third Bancorp now owns 81,961 shares of the industrial products company’s stock worth $6,567,000 after acquiring an additional 65,189 shares during the period. Strs Ohio raised its position in Ingersoll Rand by 11.2% in the 4th quarter. Strs Ohio now owns 237,624 shares of the industrial products company’s stock worth $18,825,000 after buying an additional 23,974 shares during the last quarter. National Pension Service lifted its position in Ingersoll Rand by 3.0% during the fourth quarter. National Pension Service now owns 636,270 shares of the industrial products company’s stock valued at $50,405,000 after purchasing an additional 18,289 shares during the period. Norges Bank bought a new stake in Ingersoll Rand in the 4th quarter worth approximately $407,915,000. Finally, Hsbc Holdings PLC raised its stake in Ingersoll Rand by 4.4% during the 1st quarter. Hsbc Holdings PLC now owns 705,454 shares of the industrial products company’s stock valued at $56,415,000 after buying an additional 29,914 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors.

Ingersoll Rand Stock Performance

Shares of NYSE IR opened at $79.25 on Friday. The stock has a market cap of $30.75 billion, a PE ratio of 32.61, a price-to-earnings-growth ratio of 5.10 and a beta of 1.17. Ingersoll Rand Inc. has a 1 year low of $68.07 and a 1 year high of $100.96. The firm has a fifty day moving average price of $81.73 and a 200-day moving average price of $82.46. 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 released its earnings results on Thursday, July 30th. The industrial products company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. The company had revenue of $2.05 billion for 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 quarter in the previous year, the company earned $0.80 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. Equities analysts anticipate that Ingersoll Rand Inc. will post 3.39 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors 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 yield of 0.1%. The ex-dividend date of this dividend is Thursday, August 13th. Ingersoll Rand’s dividend payout ratio (DPR) is 3.29%.

Insider Buying and Selling

In other Ingersoll Rand news, Director Aurobind Satpathy purchased 11,538 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was acquired at an average cost of $86.68 per share, for a total transaction of $1,000,113.84. Following the purchase, the director directly owned 11,538 shares of the company’s stock, valued at $1,000,113.84. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Stifel Nicolaus raised Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 price target on the stock in a report on Monday, August 3rd. Wells Fargo & Company lowered their target price on Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Robert W. Baird raised their target price on Ingersoll Rand from $103.00 to $109.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Citigroup cut 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. Finally, Evercore set a $84.00 price objective on shares of Ingersoll Rand in a research note on Monday, May 11th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.14.

Ingersoll Rand 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.