PensionDanmark Pensionsforsikringsaktieselskab Increases Stock Holdings in Ingersoll Rand Inc. $IR

PensionDanmark Pensionsforsikringsaktieselskab increased its position in Ingersoll Rand Inc. (NYSE:IR) by 11.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,260 shares of the industrial products company’s stock after acquiring an additional 7,300 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Ingersoll Rand were worth $5,761,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Deseret Mutual Benefit Administrators lifted its stake in Ingersoll Rand by 46.9% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 112 shares in the last quarter. Hilton Head Capital Partners LLC bought a new position in Ingersoll Rand in the 4th quarter valued at $29,000. Reflection Asset Management purchased a new position in shares of Ingersoll Rand during the 4th quarter valued at $31,000. Torren Management LLC bought a new position in shares of Ingersoll Rand in the fourth quarter worth $32,000. Finally, Salomon & Ludwin LLC increased its holdings in shares of Ingersoll Rand by 166.9% in the fourth quarter. Salomon & Ludwin LLC now owns 427 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 267 shares during the period. Institutional investors own 95.27% of the company’s stock.

Insiders Place Their Bets

In other news, Director Aurobind Satpathy bought 11,538 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was bought at an average price of $86.68 per share, for a total transaction of $1,000,113.84. Following the transaction, the director directly owned 11,538 shares of the company’s stock, valued at $1,000,113.84. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.49% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Evercore set a $84.00 price objective on Ingersoll Rand in a research note on Monday, May 11th. Wells Fargo & Company decreased their target price on Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Stifel Nicolaus upgraded Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a research report on Monday, August 3rd. Wall Street Zen lowered Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Finally, Barclays decreased their price objective on shares of Ingersoll Rand from $100.00 to $95.00 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.14.

Ingersoll Rand Stock Down 1.3%

Shares of NYSE:IR opened at $87.06 on Friday. The firm has a market capitalization of $33.78 billion, a PE ratio of 35.83, a price-to-earnings-growth ratio of 5.48 and a beta of 1.17. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.15 and a current ratio of 1.62. Ingersoll Rand Inc. has a 52-week low of $68.07 and a 52-week high of $100.96. The firm has a fifty day moving average of $79.73 and a 200 day moving average of $82.75.

Ingersoll Rand (NYSE:IR) last released its quarterly 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. 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 for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the business posted $0.80 earnings per share. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. As a group, research analysts anticipate 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. Investors of record on Thursday, August 13th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Thursday, August 13th. Ingersoll Rand’s dividend payout ratio (DPR) 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.