Cibc World Market Inc. Acquires Shares of 87,164 Ingersoll Rand Inc. $IR

Key Points

• CIBC World Market acquired 87,164 shares of Ingersoll Rand, valued at approximately $7.15 million. Institutional investors collectively own 95.27% of the company, with Arrowstreet Capital also significantly increasing its position.
• Ingersoll Rand reported quarterly EPS of $0.86, exceeding estimates of $0.83, while revenue rose 8.5% year over year to $2.05 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $96.14.
• The stock opened at $78.61, down 1.7%, and trades below its 52-week high of $100.96. The company declared a quarterly dividend of $0.02 per share, representing a 0.1% yield.

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

Several other large investors have also recently added to or reduced their stakes in IR. AQR Capital Management LLC boosted its stake in shares of Ingersoll Rand by 12.7% during the 1st quarter. AQR Capital Management LLC now owns 37,078 shares of the industrial products company's stock worth $2,904,000 after acquiring an additional 4,167 shares in the last quarter. NewEdge Advisors LLC increased its stake in Ingersoll Rand by 4.8% in the 1st quarter. NewEdge Advisors LLC now owns 6,168 shares of the industrial products company's stock valued at $494,000 after purchasing an additional 282 shares in the last quarter. Empowered Funds LLC increased its stake in Ingersoll Rand by 6.2% in the 1st quarter. Empowered Funds LLC now owns 7,731 shares of the industrial products company's stock valued at $619,000 after purchasing an additional 454 shares in the last quarter. Woodline Partners LP acquired a new position in Ingersoll Rand during the first quarter worth $643,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in Ingersoll Rand by 663.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 74,615 shares of the industrial products company's stock worth $6,206,000 after purchasing an additional 64,838 shares in the last quarter. 95.27% of the stock is owned by hedge funds and other institutional investors.

Ingersoll Rand Stock Down 1.7%

Shares of Ingersoll Rand stock opened at $78.61 on Wednesday. The stock has a market cap of $30.50 billion, a price-to-earnings ratio of 32.35, a price-to-earnings-growth ratio of 5.03 and a beta of 1.17. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.40. Ingersoll Rand Inc. has a twelve month low of $68.07 and a twelve month high of $100.96. The company has a fifty day moving average price of $81.93 and a 200 day moving average price of $82.17.

Ingersoll Rand (NYSE:IR - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.03. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the business 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 forecast that Ingersoll Rand Inc. will post 3.39 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders 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 yield of 0.1%. Ingersoll Rand's payout ratio is currently 3.29%.

Insider Activity

In other Ingersoll Rand news, Director Aurobind Satpathy bought 11,538 shares of the business's stock in a transaction on Monday, August 3rd. The shares were bought at an average cost of $86.68 per share, with a total value of $1,000,113.84. Following the transaction, the director directly owned 11,538 shares in the company, valued at approximately $1,000,113.84. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.49% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Morgan Stanley set a $87.00 price target on Ingersoll Rand in a research report on Monday, August 10th. Weiss Ratings raised Ingersoll Rand from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, July 21st. 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. Barclays decreased their price target 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. Finally, Wells Fargo & Company reduced their target price on 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 assigned a Hold rating to the stock. According to MarketBeat, Ingersoll Rand presently has an average rating of "Moderate Buy" and a consensus price target of $96.14.

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.

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