Hudson Bay Capital Management LP Purchases Shares of 18,553 Ingersoll Rand Inc. $IR

Hudson Bay Capital Management LP bought a new stake in Ingersoll Rand Inc. (NYSE:IR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 18,553 shares of the industrial products company’s stock, valued at approximately $1,533,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IR. Heartwood Wealth Advisors LLC acquired a new position in Ingersoll Rand in the 3rd quarter valued at about $36,000. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Ingersoll Rand during the third quarter worth about $36,000. Westside Investment Management Inc. boosted its stake in shares of Ingersoll Rand by 100.0% in 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 period. ANTIPODES PARTNERS Ltd boosted its stake in shares of Ingersoll Rand by 55.3% in the third quarter. ANTIPODES PARTNERS Ltd now owns 486 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 173 shares during the period. Finally, Hantz Financial Services Inc. grew its holdings in shares of Ingersoll Rand by 106.4% in the third quarter. Hantz Financial Services Inc. now owns 584 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 301 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Barclays upped their price objective on Ingersoll Rand from $91.00 to $111.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 17th. Wall Street Zen upgraded shares of Ingersoll Rand from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Citigroup lifted their price target 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. Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a research note on Monday, December 29th. Finally, Zacks Research upgraded Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research report on Friday, December 12th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Ingersoll Rand has a consensus rating of “Hold” and an average price target of $101.86.

Ingersoll Rand Price Performance

Shares of NYSE IR opened at $81.36 on Monday. The stock has a fifty day moving average price of $90.21 and a 200 day moving average price of $83.32. Ingersoll Rand Inc. has a 1-year low of $65.61 and a 1-year high of $100.96. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.49. The company has a market cap of $31.86 billion, a PE ratio of 56.11, a P/E/G ratio of 5.03 and a beta of 1.29.

Ingersoll Rand (NYSE:IR) last released its earnings results on Thursday, February 12th. The industrial products company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. Ingersoll Rand had a return on equity of 12.62% and a net margin of 7.60%.Ingersoll Rand’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.84 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Sell-side analysts forecast that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Wednesday, March 4th will be issued a $0.02 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $0.08 annualized dividend and a yield of 0.1%. Ingersoll Rand’s payout ratio is 5.52%.

Insider Activity at Ingersoll Rand

In other news, CAO Michael J. Scheske sold 19,122 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $97.67, for a total value of $1,867,645.74. Following the transaction, the chief accounting officer owned 12,153 shares of the company’s stock, valued at approximately $1,186,983.51. This trade represents a 61.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Vicente Reynal sold 191,000 shares of the company’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $88.12, for a total transaction of $16,830,920.00. Following the sale, the insider directly owned 193,186 shares of the company’s stock, valued at approximately $17,023,550.32. This trade represents a 49.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 584,771 shares of company stock worth $54,976,547. Company insiders own 0.59% of the company’s stock.

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.