Polar Asset Management Partners Inc. Takes $3.12 Million Position in Ingersoll Rand Inc. $IR

Polar Asset Management Partners Inc. purchased a new position in Ingersoll Rand Inc. (NYSE:IRFree Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 38,100 shares of the industrial products company’s stock, valued at approximately $3,124,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bell Investment Advisors Inc bought a new position in shares of Ingersoll Rand in the second quarter worth about $26,000. Deseret Mutual Benefit Administrators boosted its position in Ingersoll Rand by 46.9% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock valued at $28,000 after buying an additional 112 shares during the period. Hilton Head Capital Partners LLC bought a new position in Ingersoll Rand in the 4th quarter worth about $29,000. Reflection Asset Management bought a new stake in shares of Ingersoll Rand during the fourth quarter valued at approximately $31,000. Finally, Torren Management LLC purchased a new stake in shares of Ingersoll Rand in the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Insiders Place Their Bets

In related news, Director Aurobind Satpathy acquired 11,538 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were bought at an average price of $86.68 per share, with a total value of $1,000,113.84. Following the completion of the transaction, the director directly owned 11,538 shares in the company, valued at $1,000,113.84. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.49% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have commented on IR. Morgan Stanley set a $87.00 price objective on Ingersoll Rand in a report on Monday, August 10th. 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. Wall Street Zen lowered Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Wells Fargo & Company decreased their price objective on Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Finally, Evercore set a $84.00 price objective on shares of Ingersoll Rand in a research note on Monday, May 11th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $96.14.

Check Out Our Latest Stock Report on Ingersoll Rand

Ingersoll Rand Stock Performance

Shares of IR stock opened at $78.61 on Wednesday. The firm has a market cap of $30.50 billion, a price-to-earnings ratio of 32.35, a PEG ratio of 5.03 and a beta of 1.17. Ingersoll Rand Inc. has a 52-week low of $68.07 and a 52-week high of $100.96. 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 $81.93 and its 200 day moving average is $82.17.

Ingersoll Rand (NYSE:IRGet Free Report) last posted its earnings results on Thursday, July 30th. The industrial products company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.96 billion. Ingersoll Rand had a return on equity of 12.90% and a net margin of 12.08%.Ingersoll Rand’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.80 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. On average, sell-side analysts anticipate that Ingersoll Rand Inc. will post 3.39 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be paid a dividend of $0.02 per share. 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 3.29%.

About Ingersoll Rand

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Ingersoll Rand (NYSE:IR)

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