B. Metzler seel. Sohn & Co. AG Invests $2.08 Million in Ingersoll Rand Inc. $IR

Key Points

• B. Metzler seel. Sohn & Co. AG purchased 25,375 shares of Ingersoll Rand worth approximately $2.08 million. Institutional investors collectively own 95.27% of the company.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $96.14.
• Ingersoll Rand exceeded quarterly expectations, reporting EPS of $0.86 versus the $0.83 estimate and revenue of $2.05 billion, up 8.5% year over year. The company also declared a $0.02 quarterly dividend.

B. Metzler seel. Sohn & Co. AG purchased a new stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 25,375 shares of the industrial products company's stock, valued at approximately $2,080,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Fifth Third Bancorp grew its holdings in shares of Ingersoll Rand by 388.7% in 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 holdings in Ingersoll Rand by 11.2% during the fourth quarter. Strs Ohio now owns 237,624 shares of the industrial products company's stock worth $18,825,000 after purchasing an additional 23,974 shares during the last quarter. National Pension Service raised its holdings 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 worth $50,405,000 after purchasing an additional 18,289 shares during the last quarter. Norges Bank purchased a new stake in Ingersoll Rand during the fourth quarter worth $407,915,000. Finally, Hsbc Holdings PLC boosted its position in Ingersoll Rand by 4.4% during the first quarter. Hsbc Holdings PLC now owns 705,454 shares of the industrial products company's stock worth $56,415,000 after purchasing an additional 29,914 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company's stock.

Wall Street Analyst Weigh In

IR has been the subject of a number of research analyst reports. Morgan Stanley set a $87.00 price target on Ingersoll Rand in a research report on Monday, August 10th. Stifel Nicolaus upgraded shares of Ingersoll Rand from a "hold" rating to a "buy" rating and set a $101.00 price objective on the stock in a research report on Monday, August 3rd. Barclays lowered 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 note on Thursday, April 30th. Weiss Ratings upgraded shares of Ingersoll Rand from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, July 21st. Finally, Wells Fargo & Company cut their target price on shares of Ingersoll Rand from $90.00 to $88.00 and set an "overweight" rating for the company in a research report on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Ingersoll Rand presently has a consensus rating of "Moderate Buy" and a consensus price target of $96.14.

Ingersoll Rand Stock Performance

Ingersoll Rand stock opened at $80.52 on Friday. Ingersoll Rand Inc. has a fifty-two week low of $68.07 and a fifty-two week high of $100.96. The company has a market capitalization of $31.24 billion, a price-to-earnings ratio of 33.14, a PEG ratio of 5.06 and a beta of 1.17. The stock has a fifty day moving average of $81.86 and a two-hundred day moving average of $82.45. 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 (NYSE:IR - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the prior year, the business earned $0.80 earnings per share. The business's revenue was up 8.5% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. On average, analysts anticipate that Ingersoll Rand Inc. will post 3.39 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.1%. Ingersoll Rand's payout ratio is 3.29%.

Insider Activity at Ingersoll Rand

In other news, Director Aurobind Satpathy acquired 11,538 shares of the business's stock in a transaction dated Monday, August 3rd. The stock was acquired 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 directly owned 11,538 shares in the company, valued at approximately $1,000,113.84. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.49% of the stock is currently owned by company insiders.

Ingersoll Rand Company 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.

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