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

Ingersoll Rand Inc. (NYSE:IR) insider Vicente Reynal sold 118,044 shares of the stock in a transaction dated 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 in the company, valued at $19,719,244.74. This trade represents a 36.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 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 stock was 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 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 stock was 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 transaction of $16,830,920.00.

Ingersoll Rand Trading Down 1.4%

NYSE IR opened at $90.53 on Friday. Ingersoll Rand Inc. has a 12 month low of $65.61 and a 12 month high of $100.96. The company’s 50-day moving average price is $89.74 and its 200-day moving average price is $82.93. The stock has a market cap of $35.45 billion, a PE ratio of 62.43, a PEG ratio of 5.67 and a beta of 1.29. The company has a current ratio of 2.06, a quick ratio of 1.49 and a debt-to-equity ratio of 0.47.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings data on Thursday, February 12th. The industrial products company reported $0.96 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same period in the previous year, the company earned $0.84 EPS. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Equities research analysts forecast that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Wednesday, March 4th will be given 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 payout ratio is 5.52%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. 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 worth $2,904,000 after purchasing an additional 4,167 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of Ingersoll Rand by 4.8% in the 1st 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 in the last quarter. Empowered Funds LLC grew its stake in Ingersoll Rand by 6.2% during the 1st quarter. Empowered Funds LLC now owns 7,731 shares of the industrial products company’s stock worth $619,000 after buying an additional 454 shares during the last quarter. Woodline Partners LP purchased a new position in Ingersoll Rand during the 1st quarter worth $643,000. Finally, Envestnet Asset Management Inc. increased its position in Ingersoll Rand by 4.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 272,113 shares of the industrial products company’s stock valued at $22,634,000 after buying an additional 12,547 shares in the last quarter. Institutional investors own 95.27% of the company’s stock.

Analysts Set New Price Targets

IR has been the subject of several recent research reports. Zacks Research upgraded Ingersoll Rand from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Barclays raised their target price on shares of Ingersoll Rand from $91.00 to $111.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Wells Fargo & Company upped their price target on shares of Ingersoll Rand from $92.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 17th. Robert W. Baird set a $115.00 price objective on shares of Ingersoll Rand in a report on Tuesday, February 17th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a research note on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $101.86.

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.