Ingersoll Rand (NYSE:IR) Insider Vicente Reynal Sells 191,000 Shares of Stock

Ingersoll Rand Inc. (NYSE:IR) insider Vicente Reynal sold 191,000 shares of the stock in a transaction that occurred 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 transaction, the insider directly owned 193,186 shares in the company, valued at approximately $17,023,550.32. This represents a 49.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Ingersoll Rand Stock Up 5.4%

Shares of NYSE IR opened at $89.79 on Thursday. The stock has a market capitalization of $35.48 billion, a PE ratio of 66.51, a P/E/G ratio of 5.38 and a beta of 1.33. The company has a quick ratio of 1.51, a current ratio of 2.16 and a debt-to-equity ratio of 0.47. The firm has a fifty day moving average of $80.86 and a 200-day moving average of $80.80. Ingersoll Rand Inc. has a 52-week low of $65.61 and a 52-week high of $95.85.

Ingersoll Rand (NYSE:IR) last issued its earnings results on Thursday, October 30th. The industrial products company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.95 billion. Ingersoll Rand had a net margin of 7.31% and a return on equity of 12.14%. Ingersoll Rand’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.84 EPS. Ingersoll Rand has set its FY 2025 guidance at 3.250-3.310 EPS. On average, analysts anticipate that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on IR shares. Zacks Research raised shares of Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research report on Friday, December 12th. Robert W. Baird cut their target price on shares of Ingersoll Rand from $103.00 to $100.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Stifel Nicolaus lifted their target price on shares of Ingersoll Rand from $75.00 to $81.00 and gave the company a “hold” rating in a report on Tuesday, December 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday, December 29th. Finally, Citigroup upped their target price on Ingersoll Rand from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $91.38.

Institutional Investors Weigh In On Ingersoll Rand

A number of hedge funds have recently bought and sold shares of IR. AQR Capital Management LLC boosted its stake in shares of Ingersoll Rand by 12.7% during the 1st quarter. AQR Capital Management LLC now owns 37,078 shares of the industrial products company’s stock valued at $2,904,000 after buying an additional 4,167 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Ingersoll Rand by 4.8% in the first quarter. NewEdge Advisors LLC now owns 6,168 shares of the industrial products company’s stock valued at $494,000 after acquiring an additional 282 shares in the last quarter. Empowered Funds LLC boosted its stake in Ingersoll Rand by 6.2% during the 1st quarter. Empowered Funds LLC now owns 7,731 shares of the industrial products company’s stock valued at $619,000 after acquiring an additional 454 shares during the last quarter. Woodline Partners LP acquired a new position in Ingersoll Rand during the 1st quarter worth $643,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Ingersoll Rand by 19.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 23,131 shares of the industrial products company’s stock worth $2,012,000 after purchasing an additional 3,758 shares during the last quarter. Institutional investors and hedge funds own 95.27% 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.