NBT Bank N.A. Makes New Investment in Ingersoll Rand Inc. $IR

Key Points

• NBT Bank acquired 56,684 shares of Ingersoll Rand in the third quarter, valued at approximately $4.26 million. Institutional investors collectively own 95.27% of the company.
• Ingersoll Rand reported quarterly earnings of $0.86 per share, exceeding estimates by $0.03, while revenue rose 8.5% year over year to $2.05 billion.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $95, compared with the stock’s reported price of $73.96.

NBT Bank N.A. acquired a new stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 56,684 shares of the industrial products company's stock, valued at approximately $4,258,000.

A number of other institutional investors have also recently modified their holdings of the stock. Bell Investment Advisors Inc bought a new position in shares of Ingersoll Rand in the second quarter worth $26,000. Continuum Advisory LLC acquired a new position in Ingersoll Rand in the second quarter valued at about $27,000. Axiom Investment Management LLC acquired a new position in Ingersoll Rand in the first quarter valued at about $37,000. MidFirst Bank bought a new stake in Ingersoll Rand during the second quarter worth about $41,000. Finally, Transamerica Financial Advisors LLC bought a new stake in Ingersoll Rand during the second quarter worth about $42,000. 95.27% of the stock is currently owned by institutional investors.

Ingersoll Rand Price Performance

Shares of NYSE IR opened at $73.96 on Friday. The firm's 50-day moving average price is $76.79 and its 200-day moving average price is $78.40. Ingersoll Rand Inc. has a 1-year low of $68.07 and a 1-year high of $100.96. The firm has a market capitalization of $28.69 billion, a P/E ratio of 23.74, a P/E/G ratio of 3.27 and a beta of 1.15. 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 (NYSE:IR - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.03. The business had revenue of $2.05 billion for 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%. The firm's revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.80 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. Equities research analysts anticipate that Ingersoll Rand Inc. will post 3.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Ingersoll Rand in a report on Monday. Wall Street Zen cut Ingersoll Rand from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. Robert W. Baird boosted their price target on Ingersoll Rand from $103.00 to $109.00 and gave the stock an "outperform" rating in a report on Monday, August 3rd. Morgan Stanley set a $87.00 price objective on Ingersoll Rand in a research report on Monday, August 10th. Finally, Stifel Nicolaus set a $93.00 price objective on Ingersoll Rand in a research note on Monday. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $95.00.

Insider Activity at Ingersoll Rand

In other news, Director Aurobind Satpathy acquired 11,538 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were acquired 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 approximately $1,000,113.84. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.49% of the company's stock.

Ingersoll Rand 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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