Ingersoll Rand (NYSE:IR) CFO Sells $2,737,415.50 in Stock

Ingersoll Rand Inc. (NYSE:IR) CFO Vikram Kini sold 28,367 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $96.50, for a total value of $2,737,415.50. Following the completion of the sale, the chief financial officer directly owned 98,517 shares of the company’s stock, valued at $9,506,890.50. The trade was a 22.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Ingersoll Rand Stock Performance

Ingersoll Rand stock traded down $1.73 during mid-day trading on Monday, reaching $93.87. 2,916,727 shares of the company traded hands, compared to its average volume of 4,329,081. The firm’s fifty day moving average is $87.44 and its two-hundred day moving average is $82.05. The company has a market capitalization of $36.76 billion, a price-to-earnings ratio of 64.74, a price-to-earnings-growth ratio of 5.92 and a beta of 1.32. Ingersoll Rand Inc. has a fifty-two week low of $65.61 and a fifty-two week 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.

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

Ingersoll Rand Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Wednesday, March 4th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, March 4th. Ingersoll Rand’s dividend payout ratio (DPR) is currently 5.52%.

Wall Street Analysts Forecast Growth

IR has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price target on shares of Ingersoll Rand from $92.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Barclays upped their price objective on shares of Ingersoll Rand from $91.00 to $111.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 17th. Zacks Research upgraded Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research report on Friday, December 12th. Robert W. Baird set a $115.00 price target on Ingersoll Rand in a research note on Tuesday, February 17th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a research report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $101.86.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. raised its holdings in shares of Ingersoll Rand by 18.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 21,791,309 shares of the industrial products company’s stock worth $1,726,308,000 after acquiring an additional 3,423,501 shares during the period. Compound Planning Inc. increased its position in Ingersoll Rand by 14.2% during the fourth quarter. Compound Planning Inc. now owns 3,154 shares of the industrial products company’s stock worth $250,000 after purchasing an additional 391 shares during the last quarter. Axxcess Wealth Management LLC raised its stake in Ingersoll Rand by 9.4% during the fourth quarter. Axxcess Wealth Management LLC now owns 5,480 shares of the industrial products company’s stock worth $434,000 after purchasing an additional 472 shares during the period. Alberta Investment Management Corp acquired a new position in Ingersoll Rand in the 4th quarter valued at about $1,355,000. Finally, Mercer Global Advisors Inc. ADV grew its stake in shares of Ingersoll Rand by 3.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 23,167 shares of the industrial products company’s stock valued at $1,835,000 after buying an additional 733 shares during the period. 95.27% of the stock is owned by hedge funds and other 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.