Rakuten Investment Management Inc. Takes Position in Ingersoll Rand Inc. $IR

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

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Ingersoll Rand in the second quarter worth approximately $2,484,319,000. Jupiter Topco LLC bought a new position in shares of Ingersoll Rand during the 2nd quarter worth approximately $547,628,000. Norges Bank acquired a new stake in shares of Ingersoll Rand during the 4th quarter worth approximately $407,915,000. Bank of New York Mellon Corp acquired a new stake in shares of Ingersoll Rand during the 2nd quarter worth approximately $328,309,000. Finally, T. Rowe Price Investment Management Inc. increased its stake in shares of Ingersoll Rand by 18.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 21,791,309 shares of the industrial products company’s stock valued at $1,726,308,000 after acquiring an additional 3,423,501 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Insiders Place Their Bets

In other Ingersoll Rand news, Director Aurobind Satpathy purchased 11,538 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were acquired 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.49% of the company’s stock.

Ingersoll Rand Stock Performance

NYSE IR opened at $78.52 on Friday. The company has a market cap of $30.47 billion, a P/E ratio of 32.31, a PEG ratio of 4.94 and a beta of 1.17. The company has a fifty day simple moving average of $82.02 and a 200 day simple moving average of $81.90. 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 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 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 firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the company posted $0.80 earnings per share. The business’s 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. Sell-side analysts predict that Ingersoll Rand Inc. will post 3.39 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Thursday, August 13th. Ingersoll Rand’s dividend payout ratio is currently 3.29%.

Wall Street Analyst Weigh In

IR has been the topic of several research analyst reports. Evercore set a $84.00 target price on shares of Ingersoll Rand in a research note on Monday, May 11th. Morgan Stanley set a $87.00 price target on shares of Ingersoll Rand in a research note on Monday, August 10th. Wall Street Zen lowered shares of 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 note on Tuesday, July 21st. Finally, 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 report on Monday, August 3rd. Five equities research 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $96.14.

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.