Ingersoll Rand (NYSE:IR) CFO Vikram Kini Sells 28,367 Shares

Ingersoll Rand Inc. (NYSE:IR) CFO Vikram Kini sold 28,367 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $96.50, for a total transaction of $2,737,415.50. Following the sale, the chief financial officer directly owned 98,517 shares of the company’s stock, valued at approximately $9,506,890.50. This trade represents a 22.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Ingersoll Rand Stock Down 1.8%

Shares of IR opened at $93.87 on Tuesday. The firm has a 50 day simple moving average of $87.69 and a two-hundred day simple moving average of $82.17. 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 Inc. has a one year low of $65.61 and a one year high of $100.96. The company has a market cap of $36.76 billion, a P/E ratio of 64.74, a P/E/G ratio of 5.92 and a beta of 1.32.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings results on Thursday, February 12th. The industrial products company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.06. Ingersoll Rand had a return on equity of 12.62% and a net margin of 7.60%.The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter last year, the company posted $0.84 EPS. The company’s revenue for the quarter 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. Research analysts forecast that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Wednesday, March 4th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Ingersoll Rand’s dividend payout ratio is 5.52%.

Institutional Trading of Ingersoll Rand

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

Analysts Set New Price Targets

A number of research firms recently issued reports on IR. Robert W. Baird set a $115.00 price objective on shares of Ingersoll Rand in a research report on Tuesday, February 17th. Barclays boosted their target price on shares of Ingersoll Rand from $91.00 to $111.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a research note on Monday, December 29th. Zacks Research raised Ingersoll Rand from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Finally, Stifel Nicolaus upped their target price on Ingersoll Rand from $87.00 to $101.00 and gave the stock a “hold” rating in a report on Tuesday, February 17th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $101.86.

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.