Ingersoll Rand (NYSE:IR) Insider Sells $913,586.00 in Stock

Ingersoll Rand Inc. (NYSE:IR) insider Vicente Reynal sold 9,719 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $94.00, for a total value of $913,586.00. Following the completion of the sale, the insider directly owned 193,186 shares of the company’s stock, valued at $18,159,484. The trade was a 4.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 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

Shares of 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 P/E ratio of 72.98, a P/E/G ratio of 6.21 and a beta of 1.32. The company’s 50-day moving average is $84.04 and its 200 day moving average is $81.08. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.16 and a quick ratio of 1.51.

Analyst Upgrades and Downgrades

Several equities analysts have commented on IR shares. Stifel Nicolaus raised their price objective on Ingersoll Rand from $81.00 to $87.00 and gave the company a “hold” rating in a research report on Friday, January 23rd. Robert W. Baird decreased their price target on shares of Ingersoll Rand from $103.00 to $100.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a research note on Monday, December 29th. Wells Fargo & Company upped 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. Finally, Citigroup lifted their target price on shares of Ingersoll Rand from $94.00 to $98.00 and gave the company a “buy” rating in a report on Monday, January 12th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ingersoll Rand currently has an average rating of “Hold” and a consensus target price of $92.13.

Institutional Trading of Ingersoll Rand

A number of institutional investors and hedge funds have recently bought and sold shares of IR. Vontobel Holding Ltd. increased its stake in Ingersoll Rand by 2.1% during the third quarter. Vontobel Holding Ltd. now owns 6,242 shares of the industrial products company’s stock worth $516,000 after purchasing an additional 130 shares during the period. Whittier Trust Co. boosted its stake in shares of Ingersoll Rand by 8.5% in the third quarter. Whittier Trust Co. now owns 1,668 shares of the industrial products company’s stock valued at $140,000 after purchasing an additional 131 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of Ingersoll Rand by 14.2% in the second quarter. Parkside Financial Bank & Trust now owns 1,206 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 150 shares in the last quarter. AE Wealth Management LLC increased its stake in Ingersoll Rand by 5.5% during the 2nd quarter. AE Wealth Management LLC now owns 2,916 shares of the industrial products company’s stock worth $243,000 after buying an additional 151 shares during the period. Finally, Golden State Equity Partners lifted its holdings in Ingersoll Rand by 5.1% during the 3rd quarter. Golden State Equity Partners now owns 3,212 shares of the industrial products company’s stock worth $265,000 after buying an additional 155 shares in 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.