Ingersoll Rand (NYSE:IR) Insider Sells $16,830,920.00 in Stock

Ingersoll Rand Inc. (NYSE:IR) insider Vicente Reynal sold 191,000 shares of the company’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $88.12, for a total value of $16,830,920.00. Following the transaction, the insider directly owned 193,186 shares in the company, valued at $17,023,550.32. This trade represents a 49.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ingersoll Rand Trading Up 5.4%

Shares of IR stock traded up $4.63 on Wednesday, hitting $89.79. The stock had a trading volume of 3,672,864 shares, compared to its average volume of 1,789,340. Ingersoll Rand Inc. has a twelve month low of $65.61 and a twelve month high of $95.85. The firm has a market cap of $35.48 billion, a P/E ratio of 27.56, a PEG ratio of 5.38 and a beta of 1.33. The company has a current ratio of 2.16, a quick ratio of 1.51 and a debt-to-equity ratio of 0.47. The company has a fifty day moving average price of $80.61 and a two-hundred day moving average price of $80.73.

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

Ingersoll Rand Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th were given a $0.02 dividend. The ex-dividend date was Thursday, November 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand’s payout ratio is presently 5.93%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IR. Asio Capital LLC increased its holdings in Ingersoll Rand by 2.7% during the fourth quarter. Asio Capital LLC now owns 56,488 shares of the industrial products company’s stock worth $4,475,000 after buying an additional 1,483 shares during the last quarter. Azzad Asset Management Inc. ADV purchased a new stake in shares of Ingersoll Rand during the 4th quarter worth approximately $312,000. Y.D. More Investments Ltd purchased a new stake in shares of Ingersoll Rand during the 4th quarter worth approximately $1,094,000. Ascent Group LLC raised its holdings in shares of Ingersoll Rand by 1.2% in the 4th quarter. Ascent Group LLC now owns 13,410 shares of the industrial products company’s stock worth $1,062,000 after purchasing an additional 164 shares during the period. Finally, Perigon Wealth Management LLC lifted its stake in Ingersoll Rand by 95.9% in the fourth quarter. Perigon Wealth Management LLC now owns 5,041 shares of the industrial products company’s stock valued at $399,000 after purchasing an additional 2,468 shares during the last quarter. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a research report on Monday, December 29th. Citigroup raised their price objective on shares of Ingersoll Rand from $94.00 to $98.00 and gave the company a “buy” rating in a report on Monday, January 12th. Robert W. Baird reduced their target price on shares of Ingersoll Rand from $103.00 to $100.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. Wells Fargo & Company upped their price target on shares of Ingersoll Rand from $87.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. Finally, Stifel Nicolaus lifted their price target on shares of Ingersoll Rand from $75.00 to $81.00 and gave the stock a “hold” rating in a report on Tuesday, December 16th. 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 stock presently has an average rating of “Hold” and an average price target of $91.38.

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.