Ingersoll Rand (NYSE:IR) Trading Down 5.8% Following Insider Selling
by Jessica Moore · The Cerbat GemIngersoll Rand Inc. (NYSE:IR – Get Free Report)’s share price fell 5.8% during trading on Wednesday following insider selling activity. The stock traded as low as $83.34 and last traded at $83.2130. 2,075,314 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 3,701,174 shares. The stock had previously closed at $88.32.
Specifically, insider Vicente Reynal sold 30,492 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $88.00, for a total value of $2,683,296.00. Following 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Analyst Ratings Changes
A number of brokerages recently commented on IR. Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a research note on Friday, March 27th. Wall Street Zen lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Citigroup reduced their price objective on Ingersoll Rand from $117.00 to $113.00 and set a “buy” rating for the company in a research report on Monday. Wells Fargo & Company lowered their price target on Ingersoll Rand from $110.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. Finally, Barclays cut their price objective on Ingersoll Rand from $111.00 to $100.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Ingersoll Rand has a consensus rating of “Hold” and a consensus target price of $98.00.
View Our Latest Report on Ingersoll Rand
Ingersoll Rand Trading Up 1.8%
The company’s fifty day moving average is $87.82 and its 200-day moving average is $83.52. The firm has a market capitalization of $33.25 billion, a P/E ratio of 58.56, a P/E/G ratio of 5.22 and a beta of 1.33. 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 – Get Free Report) last issued its earnings results on Thursday, February 12th. The industrial products company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.90 by $0.06. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Ingersoll Rand had a net margin of 7.60% and a return on equity of 12.62%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. As a group, sell-side analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.
Ingersoll Rand Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Wednesday, March 4th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date was Wednesday, March 4th. Ingersoll Rand’s dividend payout ratio is presently 5.52%.
Hedge Funds Weigh In On Ingersoll Rand
Hedge funds and other institutional investors have recently bought and sold shares of the business. Capital International Investors lifted its holdings in Ingersoll Rand by 18.5% during the 3rd quarter. Capital International Investors now owns 50,002,133 shares of the industrial products company’s stock worth $4,131,157,000 after purchasing an additional 7,816,194 shares during the last quarter. Norges Bank acquired a new position in shares of Ingersoll Rand during the 4th quarter worth approximately $407,915,000. Capital World Investors increased its holdings in shares of Ingersoll Rand by 19.2% during the third quarter. Capital World Investors now owns 31,787,657 shares of the industrial products company’s stock worth $2,626,296,000 after purchasing an additional 5,110,668 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in shares of Ingersoll Rand by 18.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 21,791,309 shares of the industrial products company’s stock valued at $1,726,308,000 after buying an additional 3,423,501 shares during the period. Finally, Capital Research Global Investors grew its position in Ingersoll Rand by 14.3% during the third quarter. Capital Research Global Investors now owns 19,254,676 shares of the industrial products company’s stock worth $1,590,818,000 after buying an additional 2,406,183 shares in the last quarter. Institutional investors own 95.27% of the company’s stock.
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.