Traders Buy Large Volume of Ingersoll Rand Call Options (NYSE:IR)

Ingersoll Rand Inc. (NYSE:IR) was the target of unusually large options trading activity on Friday. Stock traders acquired 8,525 call options on the stock. This is an increase of 1,753% compared to the average volume of 460 call options.

Ingersoll Rand Stock Up 1.4%

Ingersoll Rand stock traded up $1.04 during trading hours on Friday, hitting $76.44. The company had a trading volume of 814,420 shares, compared to its average volume of 3,899,315. Ingersoll Rand has a fifty-two week low of $68.07 and a fifty-two week high of $100.96. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.62 and a quick ratio of 1.15. The firm has a market capitalization of $29.66 billion, a P/E ratio of 31.43, a price-to-earnings-growth ratio of 4.71 and a beta of 1.15. The firm’s fifty day moving average is $81.76 and its 200-day moving average is $81.18.

Ingersoll Rand (NYSE:IR) last issued its 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 net margin of 12.08% and a return on equity of 12.90%. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the business posted $0.80 EPS. The company’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. On average, research analysts forecast that Ingersoll Rand will post 3.39 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 13th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was 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 (DPR) is presently 3.29%.

Insider Activity

In other news, Director Aurobind Satpathy purchased 11,538 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were acquired at an average price of $86.68 per share, for a total transaction of $1,000,113.84. Following the completion of the acquisition, the director directly owned 11,538 shares of the company’s stock, valued at $1,000,113.84. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.49% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of IR. California State Teachers Retirement System raised its stake in shares of Ingersoll Rand by 6,908.7% during the 2nd quarter. California State Teachers Retirement System now owns 44,276,076 shares of the industrial products company’s stock worth $3,630,195,000 after purchasing an additional 43,644,342 shares in the last quarter. BlackRock Inc. acquired a new position in Ingersoll Rand in the second quarter worth approximately $2,484,319,000. Jupiter Topco LLC acquired a new position in Ingersoll Rand in the second quarter worth approximately $547,628,000. Norges Bank bought a new position in Ingersoll Rand during the fourth quarter valued at approximately $407,915,000. Finally, Bank of New York Mellon Corp bought a new position in Ingersoll Rand during the second quarter valued at approximately $328,309,000. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Wall Street Analysts Forecast Growth

IR has been the topic of several research analyst reports. Weiss Ratings upgraded shares of Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 21st. Robert W. Baird raised their target price on Ingersoll Rand from $103.00 to $109.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Stifel Nicolaus upgraded Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 price target on the stock in a report on Monday, August 3rd. Wall Street Zen lowered Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Finally, Evercore set a $84.00 price objective on Ingersoll Rand in a research note on Monday, May 11th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Ingersoll Rand currently has an average rating of “Moderate Buy” and a consensus price target of $96.14.

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.