Varma Mutual Pension Insurance Co Invests $14.51 Million in Ingersoll Rand Inc. $IR

Varma Mutual Pension Insurance Co acquired a new stake in Ingersoll Rand Inc. (NYSE:IR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 177,017 shares of the industrial products company’s stock, valued at approximately $14,514,000.

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

Ingersoll Rand Stock Up 0.0%

IR stock opened at $80.52 on Monday. 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 company has a market cap of $31.24 billion, a price-to-earnings ratio of 33.14, a PEG ratio of 5.06 and a beta of 1.17. The firm has a 50-day moving average of $81.86 and a two-hundred day moving average of $82.40.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.96 billion. Ingersoll Rand had a return on equity of 12.90% and a net margin of 12.08%.The firm’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. As a group, analysts forecast that Ingersoll Rand Inc. will post 3.39 earnings per share for the current fiscal 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 issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Thursday, August 13th. Ingersoll Rand’s payout ratio is currently 3.29%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on IR. Morgan Stanley set a $87.00 price target on shares of Ingersoll Rand in a report on Monday, August 10th. Evercore set a $84.00 price objective on shares of Ingersoll Rand in a research note on Monday, May 11th. Weiss Ratings upgraded shares of Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 21st. Citigroup lowered their price target on shares of Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Finally, 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 report on Monday, August 3rd. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Ingersoll Rand presently has a consensus rating of “Moderate Buy” and an average target price of $96.14.

Insider Buying and Selling at Ingersoll Rand

In other news, Director Aurobind Satpathy purchased 11,538 shares of the stock in a transaction dated Monday, August 3rd. The shares were purchased at an average price of $86.68 per share, with a total value of $1,000,113.84. Following the transaction, the director owned 11,538 shares in the company, valued at $1,000,113.84. The trade was a ? increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.49% of the company’s stock.

Ingersoll Rand Company 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.