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

Ingersoll Rand Inc. (NYSE:IR) insider Vicente Reynal sold 191,000 shares of the business’s stock in a transaction that occurred on Friday, January 16th. The shares were 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 of the company’s stock, valued at $17,023,550.32. The trade was a 49.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Ingersoll Rand Trading Down 2.5%

Shares of IR stock opened at $87.59 on Friday. The company has a current ratio of 2.16, a quick ratio of 1.51 and a debt-to-equity ratio of 0.47. Ingersoll Rand Inc. has a 12-month low of $65.61 and a 12-month high of $95.85. The stock has a market capitalization of $34.61 billion, a P/E ratio of 64.88, a P/E/G ratio of 5.67 and a beta of 1.33. The firm’s 50 day moving average is $81.08 and its 200 day moving average is $80.84.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings results on Thursday, October 30th. The industrial products company reported $0.86 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the company earned $0.84 earnings per share. Ingersoll Rand’s quarterly revenue was up 5.1% compared to the same quarter last year. Ingersoll Rand has set its FY 2025 guidance at 3.250-3.310 EPS. Research analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Hedge Funds Weigh In On Ingersoll Rand

Several large investors have recently added to or reduced their stakes in IR. NewSquare Capital LLC increased its stake in shares of Ingersoll Rand by 150.7% in the second quarter. NewSquare Capital LLC now owns 341 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 205 shares in the last quarter. Grey Fox Wealth Advisors LLC purchased a new position in shares of Ingersoll Rand during the 3rd quarter valued at $36,000. Heartwood Wealth Advisors LLC bought a new position in Ingersoll Rand in the 3rd quarter worth $36,000. Westside Investment Management Inc. increased its stake in Ingersoll Rand by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 464 shares of the industrial products company’s stock worth $39,000 after buying an additional 232 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd raised its holdings in Ingersoll Rand by 55.3% during the third quarter. ANTIPODES PARTNERS Ltd now owns 486 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 173 shares during the period. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on IR shares. Zacks Research upgraded Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. Wells Fargo & Company raised their price objective on shares of Ingersoll Rand from $87.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, January 7th. Stifel Nicolaus boosted their target price on shares of Ingersoll Rand from $75.00 to $81.00 and gave the company a “hold” rating in a research report on Tuesday, December 16th. Citigroup increased their price target on shares of Ingersoll Rand from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Finally, Robert W. Baird dropped their price target 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. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Ingersoll Rand has a consensus rating of “Hold” and a consensus 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.