Ingersoll Rand Sees Unusually Large Options Volume (NYSE:IR)

Ingersoll Rand Inc. (NYSE:IR) saw unusually large options trading activity on Wednesday. Traders bought 7,737 call options on the company. This is an increase of approximately 1,889% compared to the average volume of 389 call options.

Wall Street Analyst Weigh In

IR has been the subject of a number of recent research reports. Robert W. Baird set a $103.00 price objective on shares of Ingersoll Rand in a research note on Thursday, April 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a research note on Friday, March 27th. Stifel Nicolaus reduced their price objective on shares of Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. Wells Fargo & Company reduced their price objective on shares of Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Finally, Morgan Stanley reduced their price objective on shares of Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 3rd. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Ingersoll Rand has an average rating of “Hold” and a consensus target price of $92.75.

Ingersoll Rand Price Performance

Shares of IR traded up $1.42 during mid-day trading on Wednesday, reaching $79.94. 1,387,294 shares of the stock traded hands, compared to its average volume of 3,821,837. The firm has a fifty day moving average price of $76.87 and a 200 day moving average price of $82.67. The company has a market cap of $31.28 billion, a price-to-earnings ratio of 53.92, a price-to-earnings-growth ratio of 4.86 and a beta of 1.19. The company has a current ratio of 2.23, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47. Ingersoll Rand 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 Tuesday, April 28th. The industrial products company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.83 billion. Ingersoll Rand had a net margin of 7.54% and a return on equity of 12.79%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. As a group, equities research analysts predict that Ingersoll Rand will post 3.37 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were given 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 was Thursday, May 14th. Ingersoll Rand’s payout ratio is 5.41%.

Insider Activity at Ingersoll Rand

In related news, insider Vicente Reynal sold 30,492 shares of Ingersoll Rand stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $88.00, for a total value of $2,683,296.00. Following the sale, the insider owned 209,534 shares of the company’s stock, valued at approximately $18,438,992. The trade was a 12.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Deseret Mutual Benefit Administrators grew its position in shares of Ingersoll Rand by 46.9% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 112 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new position in shares of Ingersoll Rand during the 4th quarter valued at $29,000. Reflection Asset Management purchased a new position in shares of Ingersoll Rand during the 4th quarter valued at $31,000. Torren Management LLC purchased a new position in shares of Ingersoll Rand during the 4th quarter valued at $32,000. Finally, Salomon & Ludwin LLC grew its position in shares of Ingersoll Rand by 166.9% during the 4th quarter. Salomon & Ludwin LLC now owns 427 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 267 shares in the last quarter. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

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.