Vicente Reynal Sells 25,000 Shares of Ingersoll Rand Inc. (NYSE:IR) Stock

Ingersoll Rand Inc. (NYSE:IR – Get Rating) insider Vicente Reynal sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $60.00, for a total transaction of $1,500,000.00. Following the sale, the insider now directly owns 102,856 shares of the company’s stock, valued at approximately $6,171,360. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, February 22nd, Vicente Reynal sold 25,000 shares of Ingersoll Rand stock. The stock was sold at an average price of $57.50, for a total value of $1,437,500.00.

Ingersoll Rand Price Performance

Shares of NYSE IR opened at $58.14 on Friday. Ingersoll Rand Inc. has a fifty-two week low of $39.28 and a fifty-two week high of $60.39. The firm’s 50-day simple moving average is $56.62 and its 200 day simple moving average is $52.27. The company has a quick ratio of 1.76, a current ratio of 2.37 and a debt-to-equity ratio of 0.29. The stock has a market cap of $23.54 billion, a P/E ratio of 39.28 and a beta of 1.43.

Ingersoll Rand (NYSE:IR – Get Rating) last issued its quarterly earnings data on Tuesday, February 21st. The industrial products company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.13. Ingersoll Rand had a net margin of 10.22% and a return on equity of 9.99%. The business had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the previous year, the business earned $0.64 earnings per share. The company’s revenue was up 14.4% on a year-over-year basis. Equities analysts expect that Ingersoll Rand Inc. will post 2.26 EPS for the current year.

Ingersoll Rand Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Wednesday, March 1st will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date is Tuesday, February 28th. Ingersoll Rand’s dividend payout ratio is currently 5.41%.

Wall Street Analysts Forecast Growth

IR has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on Ingersoll Rand from $53.00 to $55.00 in a research note on Wednesday, February 22nd. Wells Fargo & Company raised their price objective on Ingersoll Rand from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Thursday, January 19th. Barclays raised their price objective on Ingersoll Rand from $60.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 22nd. TheStreet upgraded Ingersoll Rand from a “c” rating to a “b” rating in a research note on Friday, November 25th. Finally, Robert W. Baird raised their target price on Ingersoll Rand from $52.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, February 22nd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Ingersoll Rand currently has an average rating of “Moderate Buy” and an average target price of $58.50.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Bessemer Group Inc. increased its stake in Ingersoll Rand by 2.3% in the 3rd quarter. Bessemer Group Inc. now owns 10,247 shares of the industrial products company’s stock worth $444,000 after purchasing an additional 234 shares in the last quarter. Illinois Municipal Retirement Fund increased its stake in Ingersoll Rand by 75.3% in the 2nd quarter. Illinois Municipal Retirement Fund now owns 13,141 shares of the industrial products company’s stock worth $553,000 after purchasing an additional 5,645 shares in the last quarter. Alta Advisers Ltd purchased a new position in Ingersoll Rand in the 3rd quarter worth about $65,000. Nisa Investment Advisors LLC increased its stake in Ingersoll Rand by 1.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 103,023 shares of the industrial products company’s stock worth $4,471,000 after purchasing an additional 1,480 shares in the last quarter. Finally, Desjardins Global Asset Management Inc. purchased a new position in Ingersoll Rand in the 2nd quarter worth about $41,000. 99.73% of the stock is owned by institutional investors and hedge funds.

Ingersoll Rand Company Profile

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Ingersoll Rand, Inc provides a broad range of mission critical air, fluid, energy, specialty vehicle and medical technologies, providing services and solutions to increase industrial productivity and efficiency. It operates through the following segments: Industrial Technologies and Services, Precision and Science Technologies, High Pressure Solutions, and Specialty Vehicle Technologies.