Insider Selling: Ingersoll Rand (NYSE:IR) Insider Sells 90,281 Shares of Stock

Ingersoll Rand Inc. (NYSE:IR) insider Vicente Reynal sold 90,281 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $97.92, for a total value of $8,840,315.52. Following the sale, the insider owned 193,186 shares in the company, valued at approximately $18,916,773.12. This represents a 31.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Vicente Reynal also recently made the following trade(s):

• On Tuesday, February 3rd, Vicente Reynal sold 9,719 shares of Ingersoll Rand stock. The stock was sold at an average price of $94.00, for a total transaction of $913,586.00.
• On Friday, January 16th, Vicente Reynal sold 191,000 shares of Ingersoll Rand stock. The shares were sold at an average price of $88.12, for a total transaction of $16,830,920.00.

Ingersoll Rand Stock Performance

Shares of Ingersoll Rand stock traded down $1.43 during trading on Thursday, hitting $95.98. 5,365,299 shares of the stock were exchanged, compared to its average volume of 3,818,498. Ingersoll Rand Inc. has a 1-year low of $65.61 and a 1-year high of $99.44. The stock has a market capitalization of $37.92 billion, a price-to-earnings ratio of 71.10, a price-to-earnings-growth ratio of 5.91 and a beta of 1.32. The company has a fifty day moving average price of $83.36 and a 200-day moving average price of $80.90. The company has a current ratio of 2.16, a quick ratio of 1.51 and a debt-to-equity ratio of 0.47.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Stifel Nicolaus lifted their price objective on shares of Ingersoll Rand from $81.00 to $87.00 and gave the stock a “hold” rating in a research report on Friday, January 23rd. Wells Fargo & Company increased their price target on shares of Ingersoll Rand from $87.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, January 7th. Zacks Research raised Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research report on Friday, December 12th. Citigroup lifted their price target on Ingersoll Rand from $94.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $92.13.

Institutional Trading of Ingersoll Rand

Institutional investors have recently added to or reduced their stakes in the stock. NewSquare Capital LLC lifted its stake in shares of Ingersoll Rand by 150.7% in the 2nd quarter. NewSquare Capital LLC now owns 341 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 205 shares during the period. Torren Management LLC bought a new position in shares of Ingersoll Rand in the fourth quarter valued at $32,000. Salomon & Ludwin LLC increased its holdings in Ingersoll Rand by 166.9% during the 4th quarter. Salomon & Ludwin LLC now owns 427 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 267 shares in the last quarter. Heartwood Wealth Advisors LLC bought a new stake in Ingersoll Rand during the third quarter worth $36,000. Finally, Grey Fox Wealth Advisors LLC purchased a new stake in shares of Ingersoll Rand in the third quarter valued at about $36,000. 95.27% of the stock is currently owned by 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.