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

Key Points

• Ingersoll Rand saw unusually heavy options activity, with investors purchasing 8,525 call options—about 1,753% above the typical daily volume of 460 contracts.
• The company reported quarterly earnings and revenue above analyst expectations, with EPS of $0.86 versus $0.83 expected and revenue of $2.05 billion versus $1.96 billion. Revenue increased 8.5% year over year.
• Analyst sentiment remains positive, with five Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $96.14, compared with a recent share price of $76.44.

Ingersoll Rand Inc. (NYSE:IR - Get Free Report) was the recipient of some unusual options trading on Friday. Investors acquired 8,525 call options on the stock. This is an increase of approximately 1,753% compared to the typical daily volume of 460 call options.

Ingersoll Rand Price Performance

Shares of IR traded up $1.04 during mid-day trading on Friday, hitting $76.44. The company's stock had a trading volume of 814,420 shares, compared to its average volume of 3,899,315. The firm has a 50-day moving average price of $81.76 and a 200 day moving average price of $81.18. The stock has a market capitalization of $29.66 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 4.71 and a beta of 1.15. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.62 and a quick ratio of 1.15. Ingersoll Rand has a fifty-two week low of $68.07 and a fifty-two week high of $100.96.

Ingersoll Rand (NYSE:IR - Get Free Report) last released its earnings results on Thursday, July 30th. The industrial products company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.83 by $0.03. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.96 billion. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. The business's quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.80 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. On average, research analysts predict that Ingersoll Rand will post 3.39 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th 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, August 13th. Ingersoll Rand's dividend payout ratio is 3.29%.

Wall Street Analyst Weigh In

IR has been the topic of a number of research analyst reports. 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 research note on Monday, August 3rd. Morgan Stanley set a $87.00 price target on Ingersoll Rand in a research note on Monday, August 10th. Weiss Ratings upgraded Ingersoll Rand from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, July 21st. Evercore set a $84.00 price objective on Ingersoll Rand in a research note on Monday, May 11th. Finally, Robert W. Baird upped their price objective on Ingersoll Rand from $103.00 to $109.00 and gave the company an "outperform" rating in a report on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $96.14.

Insider Activity

In related news, Director Aurobind Satpathy acquired 11,538 shares of Ingersoll Rand stock in a transaction that occurred on Monday, August 3rd. The stock was acquired at an average price of $86.68 per share, with a total value 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. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.49% of the company's stock.

Hedge Funds Weigh In On Ingersoll Rand

A number of hedge funds have recently modified their holdings of IR. Deseret Mutual Benefit Administrators lifted its holdings in shares of Ingersoll Rand by 46.9% during the fourth 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 during the last quarter. Sumitomo Life Insurance Co. increased its stake in Ingersoll Rand by 0.7% in the 4th quarter. Sumitomo Life Insurance Co. now owns 21,284 shares of the industrial products company's stock worth $1,686,000 after purchasing an additional 138 shares in the last quarter. Groupama Asset Managment raised its holdings in Ingersoll Rand by 1.7% during the 4th quarter. Groupama Asset Managment now owns 8,146 shares of the industrial products company's stock worth $645,000 after buying an additional 140 shares during the period. Andina Capital Management LLC raised its holdings in Ingersoll Rand by 2.6% during the 4th quarter. Andina Capital Management LLC now owns 5,628 shares of the industrial products company's stock worth $446,000 after buying an additional 145 shares during the period. Finally, Chicago Partners Investment Group LLC lifted its stake in Ingersoll Rand by 6.4% during the first quarter. Chicago Partners Investment Group LLC now owns 2,658 shares of the industrial products company's stock valued at $222,000 after buying an additional 160 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

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.

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