Ingersoll Rand Inc. $IR Shares Bought by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Ingersoll Rand stake by 1,395.2% in the third quarter, acquiring 247,126 additional shares for a total of 264,839 shares valued at approximately $19.9 million. Institutional investors collectively own 95.27% of the company.
• Analysts maintain a “Moderate Buy” consensus on IR, with an average price target of $96.14; targets cited in the article range from $87 to $109.
• Ingersoll Rand exceeded quarterly expectations with EPS of $0.86 versus $0.83 expected and revenue of $2.05 billion versus $1.96 billion expected. The company also pays a quarterly dividend of $0.02 per share, equivalent to a 0.1% yield.

Assenagon Asset Management S.A. boosted its stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 1,395.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 264,839 shares of the industrial products company's stock after acquiring an additional 247,126 shares during the quarter. Assenagon Asset Management S.A. owned 0.07% of Ingersoll Rand worth $19,892,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. First Citizens Bank & Trust Co. acquired a new stake in shares of Ingersoll Rand in the third quarter valued at about $804,000. Krilogy Financial LLC acquired a new position in shares of Ingersoll Rand during the 3rd quarter worth about $285,000. Wedmont Private Capital raised its position in shares of Ingersoll Rand by 58.9% during the 3rd quarter. Wedmont Private Capital now owns 9,719 shares of the industrial products company's stock worth $758,000 after purchasing an additional 3,601 shares during the last quarter. GAMMA Investing LLC lifted its stake in Ingersoll Rand by 4.5% in the 3rd quarter. GAMMA Investing LLC now owns 17,887 shares of the industrial products company's stock valued at $1,343,000 after buying an additional 764 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Ingersoll Rand by 12.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,664 shares of the industrial products company's stock valued at $501,000 after buying an additional 716 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on IR shares. Stifel Nicolaus raised Ingersoll Rand from a "hold" rating to a "buy" rating and set a $101.00 price target on the stock in a research note on Monday, August 3rd. Weiss Ratings raised Ingersoll Rand from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, July 21st. Wall Street Zen lowered Ingersoll Rand from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. Morgan Stanley set a $87.00 price objective on Ingersoll Rand in a report on Monday, August 10th. Finally, Robert W. Baird lifted their target price on shares of Ingersoll Rand from $103.00 to $109.00 and gave the stock an "outperform" rating in a research note on Monday, August 3rd. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $96.14.

Ingersoll Rand Stock Down 0.0%

Shares of IR opened at $77.76 on Monday. Ingersoll Rand Inc. has a 52-week low of $68.07 and a 52-week high of $100.96. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 0.40. The stock has a fifty day simple moving average of $77.41 and a two-hundred day simple moving average of $78.45. The company has a market capitalization of $30.17 billion, a PE ratio of 32.00, a price-to-earnings-growth ratio of 3.22 and a beta of 1.15.

Ingersoll Rand (NYSE:IR - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.03. The firm had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $1.96 billion. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. Ingersoll Rand's revenue was up 8.5% compared to the same quarter last year. During the same period last year, the business earned $0.80 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. As a group, equities analysts forecast that Ingersoll Rand Inc. will post 3.41 EPS for the current year.

Ingersoll Rand Announces Dividend

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

Insider Transactions at Ingersoll Rand

In other Ingersoll Rand news, Director Aurobind Satpathy bought 11,538 shares of Ingersoll Rand stock in a transaction on Monday, August 3rd. The shares were bought at an average price of $86.68 per share, for a total transaction of $1,000,113.84. Following the completion of the transaction, the director directly owned 11,538 shares of the company's stock, valued at $1,000,113.84. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.49% of the stock is currently owned by company insiders.

Ingersoll Rand Company Profile

Ingersoll Rand Inc NYSE: IR is a global provider of mission-critical industrial technologies and solutions. The company designs and manufactures equipment used to manage air, gas, fluids, and other industrial processes, serving customers in manufacturing, energy, food and beverage, life sciences, transportation, and other markets.

Its portfolio includes air compressors, vacuum and blower systems, fluid-handling equipment, pumps, dosing and dispensing systems, and related aftermarket parts and services.

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