Nykredit A S Makes New $9.26 Million Investment in Ingersoll Rand Inc. $IR

Key Points

• Nykredit A/S purchased 112,947 shares of Ingersoll Rand during the second quarter, valued at approximately $9.26 million. Institutional investors collectively own 95.27% of the company.
• Ingersoll Rand reported quarterly earnings of $0.86 per share, exceeding estimates of $0.83, while revenue rose 8.5% year over year to $2.05 billion.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $96.14; the stock recently opened at $71.84. Director Aurobind Satpathy also purchased roughly $1 million in company shares.

Nykredit A S bought a new stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 112,947 shares of the industrial products company's stock, valued at approximately $9,261,000.

Several other large investors have also modified their holdings of the stock. Bell Investment Advisors Inc purchased a new position in Ingersoll Rand in the 2nd quarter valued at $26,000. Continuum Advisory LLC purchased a new position in Ingersoll Rand during the 2nd quarter worth $27,000. Deseret Mutual Benefit Administrators lifted its stake in shares of Ingersoll Rand by 46.9% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company's stock worth $28,000 after acquiring an additional 112 shares during the period. Hilton Head Capital Partners LLC purchased a new stake in shares of Ingersoll Rand in the fourth quarter valued at about $29,000. Finally, Reflection Asset Management purchased a new stake in shares of Ingersoll Rand in the fourth quarter valued at about $31,000. Hedge funds and other institutional investors own 95.27% of the company's stock.

Insider Buying and Selling

In related news, Director Aurobind Satpathy purchased 11,538 shares of the company's stock in a transaction on Monday, August 3rd. The stock was bought 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 owned 11,538 shares of the company's stock, valued at approximately $1,000,113.84. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.49% of the company's stock.

Wall Street Analyst Weigh In

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

Ingersoll Rand Stock Performance

Shares of IR opened at $71.84 on Monday. Ingersoll Rand Inc. has a 12-month low of $68.07 and a 12-month high of $100.96. The stock has a market cap of $27.88 billion, a P/E ratio of 29.57, a PEG ratio of 4.52 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. The company has a 50-day moving average of $80.34 and a two-hundred day moving average of $79.47.

Ingersoll Rand (NYSE:IR - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.83 by $0.03. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the business earned $0.80 earnings per share. The company'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. As a group, research analysts predict that Ingersoll Rand Inc. will post 3.39 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 13th were paid a $0.02 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Ingersoll Rand's dividend payout ratio is presently 3.29%.

Ingersoll Rand Company Profile

Ingersoll Rand Inc NYSE: IR is a global industrial company that provides mission-critical equipment, technologies and services for managing air, gas and fluids. Its offerings are used in manufacturing, energy, transportation, food and beverage, life sciences, chemical processing and other industrial applications.

The company's products include compressors, vacuum and blower systems, air treatment equipment, pumps, fluid-handling systems, power tools and related aftermarket parts and services.

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