Ingersoll Rand (NYSE:IR) Insider Vicente Reynal Sells 9,719 Shares

Ingersoll Rand Inc. (NYSE:IR) insider Vicente Reynal sold 9,719 shares of Ingersoll Rand stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $94.00, for a total value of $913,586.00. Following the sale, the insider directly owned 193,186 shares of the company’s stock, valued at approximately $18,159,484. The trade was a 4.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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 value 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 value of $16,830,920.00.

Ingersoll Rand Trading Down 1.5%

NYSE:IR opened at $95.98 on Friday. The company has a market capitalization of $37.92 billion, a P/E ratio of 71.10, a P/E/G ratio of 6.14 and a beta of 1.32. The stock’s 50 day moving average price is $83.68 and its 200 day moving average price is $81.01. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.51 and a current ratio of 2.16. Ingersoll Rand Inc. has a 52 week low of $65.61 and a 52 week high of $99.44.

Analyst Ratings Changes

Several analysts have recently issued reports on IR shares. Citigroup upped their price target on Ingersoll Rand from $94.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingersoll Rand in a research report on Monday, December 29th. Wells Fargo & Company boosted their price objective on shares of Ingersoll Rand from $87.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 7th. Robert W. Baird lowered their target price on shares of Ingersoll Rand from $103.00 to $100.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Finally, Zacks Research upgraded shares of Ingersoll Rand from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $92.13.

Hedge Funds Weigh In On Ingersoll Rand

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Capital International Investors lifted its stake in Ingersoll Rand by 18.5% during the third 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 period. Capital World Investors boosted its stake in Ingersoll Rand by 19.2% in 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 in the last quarter. Norges Bank acquired a new stake in Ingersoll Rand in the 2nd quarter valued at about $397,501,000. Capital Research Global Investors increased its holdings in shares of Ingersoll Rand by 14.3% in the third quarter. Capital Research Global Investors now owns 19,254,676 shares of the industrial products company’s stock valued at $1,590,818,000 after purchasing an additional 2,406,183 shares in the last quarter. Finally, Swedbank AB increased its stake in shares of Ingersoll Rand by 72.4% in the 4th quarter. Swedbank AB now owns 3,878,349 shares of the industrial products company’s stock valued at $307,243,000 after buying an additional 1,628,996 shares during the period. 95.27% of the stock is owned by institutional investors.

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.