Varma Mutual Pension Insurance Co Acquires New Position in Ingersoll Rand Inc. $IR

Varma Mutual Pension Insurance Co bought a new position in Ingersoll Rand Inc. (NYSE:IR) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 177,017 shares of the industrial products company’s stock, valued at approximately $14,514,000.

A number of other institutional investors have also modified their holdings of the stock. Westpac Banking Corp bought a new stake in shares of Ingersoll Rand during the second quarter valued at approximately $171,000. Korea Investment CORP bought a new position in Ingersoll Rand in the second quarter worth approximately $24,469,000. Callan Family Office LLC bought a new position in Ingersoll Rand in the second quarter worth approximately $1,700,000. Patron Partners LLC purchased a new position in Ingersoll Rand during the 2nd quarter worth $421,000. Finally, Allworth Financial LP bought a new stake in Ingersoll Rand during the 2nd quarter valued at $519,000. 95.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ingersoll Rand

In other Ingersoll Rand news, Director Aurobind Satpathy purchased 11,538 shares of Ingersoll Rand stock in a transaction dated Monday, August 3rd. The shares were acquired at an average cost 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 in the company, valued at approximately $1,000,113.84. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

IR has been the subject of several research reports. Evercore set a $84.00 target price on Ingersoll Rand in a report on Monday, May 11th. Stifel Nicolaus raised shares of Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a research note on Monday, August 3rd. Citigroup dropped their target price 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. Wall Street Zen cut shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Finally, Morgan Stanley set a $87.00 price objective on shares of Ingersoll Rand in a research note on Monday, August 10th. Five 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 stock currently has an average rating of “Moderate Buy” and a consensus price target of $96.14.

Ingersoll Rand Price Performance

IR opened at $80.52 on Monday. The firm has a market capitalization of $31.24 billion, a PE ratio of 33.14, a price-to-earnings-growth ratio of 5.06 and a beta of 1.17. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.62 and a quick ratio of 1.15. The business’s 50-day moving average is $81.86 and its two-hundred day moving average is $82.40. Ingersoll Rand Inc. has a 1 year low of $68.07 and a 1 year high of $100.96.

Ingersoll Rand (NYSE:IR) 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 during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the firm posted $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. Research analysts anticipate that Ingersoll Rand Inc. will post 3.39 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is 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%.

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.