Polar Asset Management Partners Inc. Buys Shares of 38,100 Ingersoll Rand Inc. $IR

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

A number of other large investors have also made changes to their positions in IR. Capital International Investors lifted its holdings in shares of Ingersoll Rand by 4.7% during the 4th quarter. Capital International Investors now owns 52,353,914 shares of the industrial products company’s stock valued at $4,147,878,000 after purchasing an additional 2,351,781 shares during the last quarter. BlackRock Inc. acquired a new position in Ingersoll Rand during the 2nd quarter valued at about $2,484,319,000. T. Rowe Price Investment Management Inc. raised its stake in Ingersoll Rand by 18.6% in the fourth 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 buying an additional 3,423,501 shares during the last quarter. Capital Research Global Investors boosted its holdings in Ingersoll Rand by 1.2% in the fourth quarter. Capital Research Global Investors now owns 19,476,801 shares of the industrial products company’s stock worth $1,543,017,000 after acquiring an additional 222,125 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Ingersoll Rand by 8.6% during the fourth quarter. Franklin Resources Inc. now owns 15,641,979 shares of the industrial products company’s stock worth $1,239,158,000 after acquiring an additional 1,237,527 shares during the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.

Ingersoll Rand Stock Down 1.7%

Ingersoll Rand stock opened at $78.61 on Wednesday. The business’s 50-day moving average price is $81.93 and its 200 day moving average price is $82.17. 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 firm has a market cap of $30.50 billion, a price-to-earnings ratio of 32.35, a price-to-earnings-growth 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.

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

Ingersoll Rand Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be given a dividend of $0.02 per share. The ex-dividend date 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 currently 3.29%.

Insider Transactions at Ingersoll Rand

In related news, Director Aurobind Satpathy acquired 11,538 shares of Ingersoll Rand stock in a transaction on Monday, August 3rd. The stock was bought at an average cost of $86.68 per share, for a total transaction of $1,000,113.84. Following the completion of the transaction, the director owned 11,538 shares of the company’s stock, valued at approximately $1,000,113.84. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on IR. Stifel Nicolaus upgraded shares of Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 price objective on the stock in a report on Monday, August 3rd. Evercore set a $84.00 target price on shares of Ingersoll Rand in a research report on Monday, May 11th. Wall Street Zen lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Morgan Stanley set a $87.00 price target on shares of Ingersoll Rand in a report on Monday, August 10th. Finally, Barclays decreased their target price on Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $96.14.

Ingersoll Rand 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.