Deutsche Bank AG Buys Shares of 1,243,960 Ingersoll Rand Inc. $IR

Key Points

• Deutsche Bank acquired 1.24 million shares of Ingersoll Rand during the second quarter, valued at approximately $102 million. Institutional investors collectively own 95.27% of the company.
• 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.
• The stock opened at $79.25, below analysts’ consensus price target of $96.14; five analysts rate it Buy and three rate it Hold. The company also declared a quarterly dividend of $0.02 per share.

Deutsche Bank AG bought a new position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 1,243,960 shares of the industrial products company's stock, valued at approximately $101,992,000. Deutsche Bank AG owned approximately 0.32% of Ingersoll Rand at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Perigon Wealth Management LLC acquired a new stake in shares of Ingersoll Rand in the second quarter valued at $336,000. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Ingersoll Rand in the 2nd quarter valued at $220,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Ingersoll Rand during the 2nd quarter worth $75,799,000. OneDigital Investment Advisors LLC purchased a new stake in shares of Ingersoll Rand during the 2nd quarter worth $225,000. Finally, Plato Investment Management Ltd purchased a new position in Ingersoll Rand in the second quarter valued at $374,000. Hedge funds and other institutional investors own 95.27% of the company's stock.

Insiders Place Their Bets

In related news, Director Aurobind Satpathy bought 11,538 shares of the stock in a transaction 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 purchase, the director owned 11,538 shares of the company's stock, valued at $1,000,113.84. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.49% of the company's stock.

Ingersoll Rand Stock Down 2.3%

Shares of NYSE:IR opened at $79.25 on Friday. Ingersoll Rand Inc. has a 1-year low of $68.07 and a 1-year high of $100.96. 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 stock has a market cap of $30.75 billion, a P/E ratio of 32.61, a P/E/G ratio of 5.10 and a beta of 1.17. The firm has a fifty day moving average price of $81.73 and a 200 day moving average price of $82.46.

Ingersoll Rand (NYSE:IR - Get Free Report) last posted its quarterly earnings data 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 net margin of 12.08% and a return on equity of 12.90%. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the business posted $0.80 earnings per share. Ingersoll Rand's quarterly 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. Sell-side analysts predict that Ingersoll Rand Inc. will post 3.39 EPS for the current year.

Ingersoll Rand Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, August 13th. Ingersoll Rand's dividend payout ratio (DPR) is presently 3.29%.

Wall Street Analyst Weigh In

IR has been the topic of a number of analyst reports. Citigroup cut their price target on Ingersoll Rand from $113.00 to $109.00 and set a "buy" rating on the stock in a research note on Thursday, April 30th. Robert W. Baird increased their price objective on Ingersoll Rand from $103.00 to $109.00 and gave the company an "outperform" rating in a report on Monday, August 3rd. Evercore set a $84.00 target price on Ingersoll Rand in a research note on Monday, May 11th. Barclays dropped 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, Morgan Stanley set a $87.00 price objective on shares of Ingersoll Rand in a research report on Monday, August 10th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price 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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