Polar Asset Management Partners Inc. purchased a new position in Ingersoll Rand Inc. (NYSE:IR – Free 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
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:IR – Get 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
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.
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