Ingersoll Rand (NYSE:IR) Insider Vicente Reynal Sells 30,492 Shares

Ingersoll Rand Inc. (NYSE:IR) insider Vicente Reynal sold 30,492 shares of the stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $88.00, for a total value of $2,683,296.00. Following the completion of the sale, the insider owned 209,534 shares of the company’s stock, valued at approximately $18,438,992. This trade represents a 12.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, March 2nd, Vicente Reynal sold 118,044 shares of Ingersoll Rand stock. The shares were sold at an average price of $94.11, for a total value of $11,109,120.84.
• On Wednesday, February 18th, Vicente Reynal sold 900 shares of Ingersoll Rand stock. The shares were 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 shares were 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 shares were sold at an average price of $97.92, for a total value of $8,840,315.52.
• 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 value 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 value of $16,830,920.00.

Ingersoll Rand Trading Down 5.7%

Ingersoll Rand stock opened at $83.30 on Thursday. The stock has a 50-day moving average of $88.06 and a two-hundred day moving average of $83.52. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.49 and a current ratio of 2.06. The stock has a market cap of $32.62 billion, a PE ratio of 57.45, a price-to-earnings-growth ratio of 5.53 and a beta of 1.33. Ingersoll Rand Inc. has a one year low of $68.97 and a one year high of $100.96.

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

Ingersoll Rand Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Wednesday, March 4th were issued a $0.02 dividend. The ex-dividend date of this dividend was 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 currently 5.52%.

Institutional Trading of Ingersoll Rand

Several hedge funds and other institutional investors have recently bought and sold shares of IR. Deseret Mutual Benefit Administrators grew its holdings in 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 during the period. Hilton Head Capital Partners LLC acquired a new stake in Ingersoll Rand in the fourth quarter valued at approximately $29,000. Reflection Asset Management acquired a new stake in Ingersoll Rand in the fourth quarter valued at approximately $31,000. Torren Management LLC acquired a new stake in Ingersoll Rand in the fourth quarter valued at approximately $32,000. Finally, Salomon & Ludwin LLC grew its holdings in Ingersoll Rand by 166.9% in the fourth quarter. Salomon & Ludwin LLC now owns 427 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 267 shares during the period. 95.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on IR. Wells Fargo & Company cut their price objective on Ingersoll Rand from $110.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. Citigroup cut their price objective on Ingersoll Rand from $117.00 to $113.00 and set a “buy” rating on the stock in a report on Monday. Barclays cut their price objective on Ingersoll Rand from $111.00 to $100.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. Stifel Nicolaus cut their price objective on Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating on the stock in a report on Tuesday. Finally, Wall Street Zen lowered Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $98.00.

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.