Hudson Bay Capital Management LP Acquires New Position in Ingersoll Rand Inc. $IR

Hudson Bay Capital Management LP purchased a new stake in Ingersoll Rand Inc. (NYSE:IR) during the 3rd quarter, Holdings Channel reports. The firm purchased 18,553 shares of the industrial products company’s stock, valued at approximately $1,533,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Heartwood Wealth Advisors LLC bought a new stake in Ingersoll Rand during the third quarter worth approximately $36,000. Grey Fox Wealth Advisors LLC bought a new stake in Ingersoll Rand in the third quarter worth approximately $36,000. Westside Investment Management Inc. grew its holdings in Ingersoll Rand by 100.0% during the third quarter. Westside Investment Management Inc. now owns 464 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 232 shares during the last quarter. ANTIPODES PARTNERS Ltd increased its position in Ingersoll Rand by 55.3% during the third quarter. ANTIPODES PARTNERS Ltd now owns 486 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 173 shares during the period. Finally, Hantz Financial Services Inc. raised its position in Ingersoll Rand by 106.4% in the third quarter. Hantz Financial Services Inc. now owns 584 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 301 shares in the last quarter. Institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Trading Down 1.0%

Shares of Ingersoll Rand stock opened at $81.36 on Monday. The company has a current ratio of 2.06, a quick ratio of 1.49 and a debt-to-equity ratio of 0.47. The stock has a fifty day simple moving average of $90.21 and a 200 day simple moving average of $83.32. Ingersoll Rand Inc. has a 12-month low of $65.61 and a 12-month high of $100.96. The company has a market capitalization of $31.86 billion, a P/E ratio of 56.11, a price-to-earnings-growth ratio of 5.03 and a beta of 1.29.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings data on Thursday, February 12th. The industrial products company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.90 by $0.06. Ingersoll Rand had a net margin of 7.60% and a return on equity of 12.62%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the previous year, the firm posted $0.84 earnings per share. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. On average, sell-side analysts anticipate that Ingersoll Rand Inc. will post 3.32 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, March 26th. Investors of record on Wednesday, March 4th will be given a $0.02 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Ingersoll Rand’s payout ratio is presently 5.52%.

Insider Buying and Selling at Ingersoll Rand

In other Ingersoll Rand news, insider Elizabeth Meloy Hepding sold 18,246 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $97.11, for a total value of $1,771,869.06. Following the completion of the transaction, the insider owned 16,200 shares in the company, valued at approximately $1,573,182. This represents a 52.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Humphrey sold 4,300 shares of Ingersoll Rand stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $95.90, for a total value of $412,370.00. Following the completion of the transaction, the director directly owned 23,983 shares of the company’s stock, valued at approximately $2,299,969.70. This represents a 15.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 584,771 shares of company stock valued at $54,976,547. 0.59% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a research report on Monday, December 29th. Stifel Nicolaus raised their price objective on shares of Ingersoll Rand from $87.00 to $101.00 and gave the stock a “hold” rating in a research report on Tuesday, February 17th. Citigroup lifted their price objective on shares of Ingersoll Rand from $94.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Wells Fargo & Company upped their target price on Ingersoll Rand from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Finally, Wall Street Zen upgraded shares of Ingersoll Rand from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Ingersoll Rand presently has a consensus rating of “Hold” and an average target price of $101.86.

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.