Commerce Bank Makes New $3.07 Million Investment in Ingersoll Rand Inc. $IR

Commerce Bank bought a new position in shares of Ingersoll Rand Inc. (NYSE:IR) during the second quarter, HoldingsChannel reports. The institutional investor bought 37,389 shares of the industrial products company’s stock, valued at approximately $3,066,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital International Investors increased its position in Ingersoll Rand by 4.7% during the 4th quarter. Capital International Investors now owns 52,353,914 shares of the industrial products company’s stock valued at $4,147,878,000 after purchasing an additional 2,351,781 shares during the period. BlackRock Inc. purchased a new stake in shares of Ingersoll Rand in the 2nd quarter worth approximately $2,484,319,000. T. Rowe Price Investment Management Inc. boosted its stake in shares of Ingersoll Rand by 18.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 21,791,309 shares of the industrial products company’s stock valued at $1,726,308,000 after purchasing an additional 3,423,501 shares in the last quarter. Capital Research Global Investors boosted its position in Ingersoll Rand by 1.2% during the 4th quarter. Capital Research Global Investors now owns 19,476,801 shares of the industrial products company’s stock valued at $1,543,017,000 after acquiring an additional 222,125 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Ingersoll Rand by 8.6% in the 4th quarter. Franklin Resources Inc. now owns 15,641,979 shares of the industrial products company’s stock valued at $1,239,158,000 after acquiring an additional 1,237,527 shares during the period. Institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Stock Down 0.6%

Ingersoll Rand stock opened at $80.01 on Tuesday. Ingersoll Rand Inc. has a fifty-two week low of $68.07 and a fifty-two week high of $100.96. The business’s 50-day simple moving average is $81.93 and its two-hundred day simple moving average is $82.30. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.15 and a current ratio of 1.62. The company has a market cap of $31.04 billion, a PE ratio of 32.93, a PEG ratio of 5.06 and a beta of 1.17.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings data 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 business had revenue of $2.05 billion during 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%.The company’s revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the business posted $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 EPS for the current year.

Ingersoll Rand Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date is Thursday, August 13th. Ingersoll Rand’s dividend payout ratio (DPR) is currently 3.29%.

Insiders Place Their Bets

In other news, Director Aurobind Satpathy acquired 11,538 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was bought at an average price of $86.68 per share, with a total value of $1,000,113.84. Following the completion of the acquisition, the director owned 11,538 shares of the company’s stock, valued at approximately $1,000,113.84. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

IR has been the subject of a number of analyst reports. Robert W. Baird upped their price objective on Ingersoll Rand from $103.00 to $109.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Evercore set a $84.00 target price on shares of Ingersoll Rand in a report on Monday, May 11th. 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. Morgan Stanley set a $87.00 price target on shares of Ingersoll Rand in a report on Monday, August 10th. Finally, Wells Fargo & Company cut 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 report on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.