Vicente Reynal Sells 90,281 Shares of Ingersoll Rand (NYSE:IR) Stock

Ingersoll Rand Inc. (NYSE:IR) insider Vicente Reynal sold 90,281 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $97.92, for a total transaction of $8,840,315.52. Following the sale, the insider owned 193,186 shares of the company’s stock, valued at $18,916,773.12. This represents a 31.85% 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 hyperlink.

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

• On Tuesday, February 3rd, Vicente Reynal sold 9,719 shares of Ingersoll Rand stock. The shares were sold at an average price of $94.00, for a total transaction of $913,586.00.
• On Friday, January 16th, Vicente Reynal sold 191,000 shares of Ingersoll Rand stock. The shares were sold at an average price of $88.12, for a total transaction of $16,830,920.00.

Ingersoll Rand Stock Up 2.6%

NYSE IR opened at $98.52 on Friday. Ingersoll Rand Inc. has a 1 year low of $65.61 and a 1 year high of $99.44. The stock has a market capitalization of $38.93 billion, a PE ratio of 72.98, a PEG ratio of 6.05 and a beta of 1.32. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.16 and a quick ratio of 1.51. The business’s 50-day moving average is $84.04 and its 200 day moving average is $81.11.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Stifel Nicolaus lifted their target price on shares of Ingersoll Rand from $81.00 to $87.00 and gave the company a “hold” rating in a research note on Friday, January 23rd. Robert W. Baird cut their price objective on Ingersoll Rand from $103.00 to $100.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. Zacks Research raised Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research report on Friday, December 12th. Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a research report on Monday, December 29th. Finally, Wells Fargo & Company upped their price target on Ingersoll Rand from $87.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 7th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $92.13.

Hedge Funds Weigh In On Ingersoll Rand

Institutional investors and hedge funds have recently modified their holdings of the stock. Capital International Investors raised its holdings in Ingersoll Rand by 18.5% in the third quarter. Capital International Investors now owns 50,002,133 shares of the industrial products company’s stock worth $4,131,157,000 after buying an additional 7,816,194 shares during the last quarter. Capital World Investors increased its position in shares of Ingersoll Rand by 19.2% during the third quarter. Capital World Investors now owns 31,787,657 shares of the industrial products company’s stock valued at $2,626,296,000 after acquiring an additional 5,110,668 shares in the last quarter. Norges Bank purchased a new position in Ingersoll Rand in the 2nd quarter worth approximately $397,501,000. Capital Research Global Investors lifted its position in Ingersoll Rand by 14.3% in the 3rd quarter. Capital Research Global Investors now owns 19,254,676 shares of the industrial products company’s stock valued at $1,590,818,000 after acquiring an additional 2,406,183 shares in the last quarter. Finally, Swedbank AB boosted its stake in Ingersoll Rand by 72.4% during the 4th quarter. Swedbank AB now owns 3,878,349 shares of the industrial products company’s stock valued at $307,243,000 after purchasing an additional 1,628,996 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors.

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.