Nykredit A S Makes New $10.08 Million Investment in Ingersoll Rand Inc. $IR

Nykredit A S acquired a new stake in Ingersoll Rand Inc. (NYSE:IR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 122,902 shares of the industrial products company’s stock, valued at approximately $10,077,000.

Several other large investors have also made changes to their positions in IR. Nwam LLC purchased a new position in shares of Ingersoll Rand during the 2nd quarter valued at approximately $1,197,000. Teza Capital Management LLC acquired a new stake in Ingersoll Rand in the 2nd quarter valued at $207,000. Moore Capital Management LP acquired a new position in Ingersoll Rand during the second quarter worth $9,223,000. Two Sigma Securities LLC purchased a new position in Ingersoll Rand during the second quarter valued at $1,488,000. Finally, Alyeska Investment Group L.P. purchased a new position in Ingersoll Rand during the second quarter valued at $23,448,000. 95.27% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Aurobind Satpathy bought 11,538 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was purchased at an average price of $86.68 per share, for a total transaction of $1,000,113.84. Following the acquisition, the director owned 11,538 shares of the company’s stock, valued at approximately $1,000,113.84. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.49% of the company’s stock.

Ingersoll Rand Stock Up 1.2%

Shares of IR opened at $76.34 on Friday. The company’s 50-day moving average price is $81.66 and its 200 day moving average price is $81.15. Ingersoll Rand Inc. has a 12-month low of $68.07 and a 12-month high of $100.96. 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 firm has a market cap of $29.62 billion, a P/E ratio of 31.42, a price-to-earnings-growth ratio of 4.80 and a beta of 1.15.

Ingersoll Rand (NYSE:IR) last announced its earnings results on Thursday, July 30th. The industrial products company reported $0.86 earnings per share for the quarter, topping 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 company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the firm posted $0.80 earnings per share. Ingersoll Rand’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. On average, sell-side analysts forecast that Ingersoll Rand Inc. will post 3.39 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Morgan Stanley set a $87.00 price objective on Ingersoll Rand in a report on Monday, August 10th. Stifel Nicolaus upgraded Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research report on Monday, August 3rd. Evercore set a $84.00 price target on Ingersoll Rand in a research note on Monday, May 11th. Wall Street Zen cut Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Finally, Robert W. Baird raised 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. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, 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.