Rakuten Investment Management Inc. Purchases New Shares in Ingersoll Rand Inc. $IR

Rakuten Investment Management Inc. acquired a new stake in shares of Ingersoll Rand Inc. (NYSE:IR) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 60,289 shares of the industrial products company’s stock, valued at approximately $4,882,000.

A number of other hedge funds have also recently bought and sold shares of the company. Fifth Third Bancorp grew its position in Ingersoll Rand by 388.7% in the 1st quarter. Fifth Third Bancorp now owns 81,961 shares of the industrial products company’s stock worth $6,567,000 after purchasing an additional 65,189 shares in the last quarter. Strs Ohio lifted its position in shares of Ingersoll Rand by 11.2% during the 4th quarter. Strs Ohio now owns 237,624 shares of the industrial products company’s stock worth $18,825,000 after buying an additional 23,974 shares in the last quarter. National Pension Service boosted its stake in shares of Ingersoll Rand by 3.0% in the 4th quarter. National Pension Service now owns 636,270 shares of the industrial products company’s stock worth $50,405,000 after buying an additional 18,289 shares during the last quarter. Norges Bank bought a new position in shares of Ingersoll Rand in the fourth quarter valued at approximately $407,915,000. Finally, Hsbc Holdings PLC increased its position in shares of Ingersoll Rand by 4.4% during the first quarter. Hsbc Holdings PLC now owns 705,454 shares of the industrial products company’s stock valued at $56,415,000 after acquiring an additional 29,914 shares during the last quarter. 95.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ingersoll Rand

In related news, Director Aurobind Satpathy acquired 11,538 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $1,000,113.84. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

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

Ingersoll Rand Stock Performance

NYSE IR opened at $78.52 on Friday. The firm has a market cap of $30.47 billion, a P/E ratio of 32.31, a price-to-earnings-growth ratio of 4.94 and a beta of 1.17. 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 company’s 50 day moving average is $82.02 and its 200-day moving average is $81.90. Ingersoll Rand Inc. has a 12-month low of $68.07 and a 12-month high of $100.96.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.86 EPS 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 the consensus estimate of $1.96 billion. During the same period last year, the firm earned $0.80 EPS. Ingersoll Rand’s revenue for the quarter 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 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be given a $0.02 dividend. The ex-dividend date is Thursday, August 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand’s payout ratio is 3.29%.

About Ingersoll Rand

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.