Danica Pension Livsforsikringsaktieselskab Buys Shares of 105,297 Ingersoll Rand Inc. $IR

Danica Pension Livsforsikringsaktieselskab purchased a new stake in shares of Ingersoll Rand Inc. (NYSE:IR) during the second quarter, Holdings Channel reports. The fund purchased 105,297 shares of the industrial products company’s stock, valued at approximately $8,633,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Danske Bank A S acquired a new position in shares of Ingersoll Rand in the second quarter valued at approximately $16,513,000. Wealthfront Advisers LLC acquired a new stake in Ingersoll Rand during the 2nd quarter worth approximately $2,330,000. Meeder Advisory Services Inc. bought a new stake in Ingersoll Rand during the 2nd quarter worth approximately $261,000. Citizens Financial Group Inc. RI bought a new stake in Ingersoll Rand during the 2nd quarter worth approximately $366,000. Finally, MidFirst Bank acquired a new position in Ingersoll Rand in the 2nd quarter valued at approximately $41,000. 95.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Ingersoll Rand

In other news, Director Aurobind Satpathy bought 11,538 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were bought at an average cost of $86.68 per share, for a total transaction of $1,000,113.84. Following the acquisition, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on IR. Wells Fargo & Company dropped their price target on shares of Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Citigroup reduced their price objective on shares of Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Morgan Stanley set a $87.00 target price on Ingersoll Rand in a research report on Monday, August 10th. Robert W. Baird lifted their target price on Ingersoll Rand from $103.00 to $109.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Finally, Weiss Ratings upgraded Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 21st. Five equities 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.14.

Ingersoll Rand Price Performance

IR stock opened at $80.78 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.62 and a quick ratio of 1.15. The company’s 50-day moving average is $81.40 and its 200-day moving average is $82.56. The stock has a market capitalization of $31.34 billion, a PE ratio of 33.24, a price-to-earnings-growth ratio of 5.25 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.

Ingersoll Rand (NYSE:IR) last issued its earnings results on Thursday, July 30th. The industrial products company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. Ingersoll Rand had a return on equity of 12.90% and a net margin of 12.08%.The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the company posted $0.80 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. Equities research analysts expect that Ingersoll Rand Inc. will post 3.38 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

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

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.