Cibc World Market Inc. Invests $7.15 Million in Ingersoll Rand Inc. $IR

Cibc World Market Inc. purchased a new stake in shares of Ingersoll Rand Inc. (NYSE:IR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 87,164 shares of the industrial products company’s stock, valued at approximately $7,147,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. OMERS ADMINISTRATION Corp acquired a new stake in shares of Ingersoll Rand in the 2nd quarter worth approximately $29,068,000. Osmosis Investment Management UK Ltd acquired a new position in shares of Ingersoll Rand during the second quarter valued at approximately $468,000. Sanctuary Advisors LLC bought a new stake in Ingersoll Rand during the second quarter worth approximately $2,304,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Ingersoll Rand during the second quarter worth approximately $2,728,000. Finally, Clear Harbor Asset Management LLC bought a new stake in shares of Ingersoll Rand in the 2nd quarter worth $344,000. 95.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on IR. Citigroup reduced their price objective on shares of Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Stifel Nicolaus upgraded Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a research report on Monday, August 3rd. Wall Street Zen cut Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Weiss Ratings raised Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. Finally, Morgan Stanley set a $87.00 price target on Ingersoll Rand in a research note on Monday, August 10th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $96.14.

Ingersoll Rand Trading Down 1.7%

Shares of NYSE IR opened at $78.61 on Wednesday. The firm has a market capitalization of $30.50 billion, a PE ratio of 32.35, a PEG ratio of 5.03 and a beta of 1.17. Ingersoll Rand Inc. has a one year low of $68.07 and a one year high of $100.96. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average price of $81.93 and a two-hundred day moving average price of $82.17.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.83 by $0.03. The business had revenue of $2.05 billion during 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%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the company posted $0.80 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. As a group, analysts predict that Ingersoll Rand Inc. will post 3.39 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

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

Insider Transactions at Ingersoll Rand

In other news, Director Aurobind Satpathy acquired 11,538 shares of Ingersoll Rand stock in a transaction that occurred on Monday, August 3rd. The stock was purchased at an average price of $86.68 per share, with a total value of $1,000,113.84. Following the completion of the transaction, the director 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.49% of the company’s stock.

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.