Insider Selling: Ingersoll Rand (NYSE:IR) Director Sells 4,300 Shares of Stock

Ingersoll Rand Inc. (NYSE:IR) Director John Humphrey sold 4,300 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $95.90, for a total transaction of $412,370.00. Following the sale, the director owned 23,983 shares in the company, valued at $2,299,969.70. The trade was a 15.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Ingersoll Rand Stock Down 1.8%

NYSE:IR traded down $1.73 during trading hours on Monday, hitting $93.87. The company’s stock had a trading volume of 2,916,727 shares, compared to its average volume of 5,335,636. Ingersoll Rand Inc. has a 52-week low of $65.61 and a 52-week high of $100.96. The company has a current ratio of 2.06, a quick ratio of 1.49 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $36.76 billion, a P/E ratio of 64.74, a price-to-earnings-growth ratio of 5.92 and a beta of 1.32. The stock has a fifty day moving average of $87.44 and a 200-day moving average of $82.05.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings data on Thursday, February 12th. The industrial products company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.06. Ingersoll Rand had a net margin of 7.60% and a return on equity of 12.62%. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the previous year, the firm earned $0.84 EPS. The company’s revenue 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. On average, equities analysts forecast that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The firm 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. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, March 4th. Ingersoll Rand’s payout ratio is presently 5.52%.

Wall Street Analyst Weigh In

IR has been the subject of several recent research reports. Citigroup increased their target price on shares of Ingersoll Rand from $94.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Stifel Nicolaus boosted their target price on Ingersoll Rand from $87.00 to $101.00 and gave the company a “hold” rating in a report on Tuesday, February 17th. 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 boosted their price objective on shares of Ingersoll Rand from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $101.86.

Institutional Investors Weigh In On Ingersoll Rand

A number of hedge funds and other institutional investors have recently made changes to their positions in IR. AQR Capital Management LLC grew its holdings in Ingersoll Rand by 12.7% in the first quarter. AQR Capital Management LLC now owns 37,078 shares of the industrial products company’s stock valued at $2,904,000 after purchasing an additional 4,167 shares during the period. NewEdge Advisors LLC lifted its stake in Ingersoll Rand by 4.8% during the first quarter. NewEdge Advisors LLC now owns 6,168 shares of the industrial products company’s stock worth $494,000 after purchasing an additional 282 shares during the last quarter. Empowered Funds LLC lifted its holdings in Ingersoll Rand by 6.2% in the first quarter. Empowered Funds LLC now owns 7,731 shares of the industrial products company’s stock worth $619,000 after acquiring an additional 454 shares during the last quarter. Woodline Partners LP bought a new stake in shares of Ingersoll Rand in the 1st quarter worth approximately $643,000. Finally, Chicago Partners Investment Group LLC acquired a new position in shares of Ingersoll Rand during the second quarter valued at $209,000. Hedge funds and other institutional investors own 95.27% of the company’s stock.

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.