Ingersoll Rand (NYSE:IR) Insider Vicente Reynal Sells 118,044 Shares

Ingersoll Rand Inc. (NYSE:IR) insider Vicente Reynal sold 118,044 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $94.11, for a total transaction of $11,109,120.84. Following the completion of the sale, the insider directly owned 209,534 shares of the company’s stock, valued at approximately $19,719,244.74. This represents a 36.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Wednesday, February 18th, Vicente Reynal sold 900 shares of Ingersoll Rand stock. The stock was sold at an average price of $100.00, for a total value of $90,000.00.
• On Tuesday, February 17th, Vicente Reynal sold 36,482 shares of Ingersoll Rand stock. The shares were sold at an average price of $97.50, for a total value of $3,556,995.00.
• On Friday, February 13th, Vicente Reynal sold 55,870 shares of Ingersoll Rand stock. The stock was sold at an average price of $100.39, for a total value of $5,608,789.30.
• On Wednesday, February 11th, Vicente Reynal sold 440 shares of Ingersoll Rand stock. The shares were sold at an average price of $100.00, for a total value of $44,000.00.
• On Wednesday, February 4th, Vicente Reynal sold 90,281 shares of Ingersoll Rand stock. The stock was sold at an average price of $97.92, for a total transaction of $8,840,315.52.
• On Tuesday, February 3rd, Vicente Reynal sold 9,719 shares of Ingersoll Rand stock. The stock was 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 Price Performance

NYSE:IR traded up $0.32 during trading hours on Wednesday, reaching $91.86. 2,608,857 shares of the company’s stock were exchanged, compared to its average volume of 4,119,981. The company has a market capitalization of $35.97 billion, a P/E ratio of 63.35, a price-to-earnings-growth ratio of 5.80 and a beta of 1.29. Ingersoll Rand Inc. has a 12 month low of $65.61 and a 12 month high of $100.96. The business’s 50-day simple moving average is $89.35 and its two-hundred day simple moving average is $82.81. The company has a quick ratio of 1.49, a current ratio of 2.06 and a debt-to-equity ratio of 0.47.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings data on Thursday, February 12th. The industrial products company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. Ingersoll Rand had a return on equity of 12.62% and a net margin of 7.60%.The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.84 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Sell-side analysts expect that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Wells Fargo & Company upped their price target on shares of Ingersoll Rand from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Stifel Nicolaus raised their target price on Ingersoll Rand from $87.00 to $101.00 and gave the stock a “hold” rating in a research report on Tuesday, February 17th. Zacks Research raised Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research report on Friday, December 12th. Citigroup raised their price objective on Ingersoll Rand from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Finally, Barclays upped their target price on Ingersoll Rand from $91.00 to $111.00 and gave the company an “overweight” rating in a report on Tuesday, February 17th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $101.86.

Hedge Funds Weigh In On Ingersoll Rand

Institutional investors and hedge funds have recently modified their holdings of the business. NewSquare Capital LLC raised its holdings in Ingersoll Rand by 150.7% during the 2nd quarter. NewSquare Capital LLC now owns 341 shares of the industrial products company’s stock worth $28,000 after buying an additional 205 shares during the period. Deseret Mutual Benefit Administrators increased its position in shares of Ingersoll Rand by 46.9% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 112 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new stake in shares of Ingersoll Rand during the fourth quarter worth $29,000. Reflection Asset Management bought a new stake in Ingersoll Rand in the 4th quarter valued at $31,000. Finally, Torren Management LLC bought a new stake in Ingersoll Rand in the 4th quarter valued at $32,000. 95.27% of the stock is currently owned by institutional investors and hedge funds.

About Ingersoll Rand

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.