Key Points
- Vicente Reynal sold 191,000 shares on January 16 at an average price of $88.12 for about $16.83M, cutting his position by 49.72% to 193,186 shares valued at roughly $17.02M.
- Company outlook: Ingersoll Rand set FY2025 EPS guidance of 3.250–3.310 and analysts forecast about 3.32 EPS; the stock trades at a P/E of 66.51 with a market cap of $35.48B.
- Ownership and sentiment: Institutional investors own 95.27% of the shares, and analysts' consensus is a "Hold" with an average price target of $91.38.
Ingersoll Rand Inc. (NYSE:IR - Get Free Report) insider Vicente Reynal sold 191,000 shares of the stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $88.12, for a total value of $16,830,920.00. Following the transaction, the insider directly owned 193,186 shares in the company, valued at approximately $17,023,550.32. This represents a 49.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Ingersoll Rand Price Performance
Shares of NYSE IR opened at $89.79 on Thursday. The company has a current ratio of 2.16, a quick ratio of 1.51 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $35.48 billion, a price-to-earnings ratio of 66.51, a price-to-earnings-growth ratio of 5.38 and a beta of 1.33. Ingersoll Rand Inc. has a twelve month low of $65.61 and a twelve month high of $95.85. The business has a 50 day simple moving average of $80.86 and a 200-day simple moving average of $80.80.
Ingersoll Rand (NYSE:IR - Get Free Report) last released its quarterly earnings data on Thursday, October 30th. The industrial products company reported $0.86 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.01). The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.95 billion. Ingersoll Rand had a return on equity of 12.14% and a net margin of 7.31%.The business's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 EPS. Ingersoll Rand has set its FY 2025 guidance at 3.250-3.310 EPS. As a group, equities research analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.
Institutional Investors Weigh In On Ingersoll Rand
A number of hedge funds and other institutional investors have recently modified their holdings of IR. Nordea Investment Management AB increased its holdings in shares of Ingersoll Rand by 12.3% in the 3rd quarter. Nordea Investment Management AB now owns 2,018,638 shares of the industrial products company's stock valued at $165,811,000 after purchasing an additional 220,815 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in Ingersoll Rand in the 2nd quarter valued at approximately $8,375,000. Fisher Asset Management LLC lifted its position in Ingersoll Rand by 0.6% in the 2nd quarter. Fisher Asset Management LLC now owns 6,913,924 shares of the industrial products company's stock worth $575,100,000 after buying an additional 38,999 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Ingersoll Rand by 26.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 86,865 shares of the industrial products company's stock worth $7,177,000 after buying an additional 18,151 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Ingersoll Rand by 18.6% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 41,272 shares of the industrial products company's stock valued at $3,410,000 after buying an additional 6,464 shares during the period. 95.27% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages have issued reports on IR. Citigroup raised their target price on shares of Ingersoll Rand from $94.00 to $98.00 and gave the stock a "buy" rating in a report on Monday, January 12th. Robert W. Baird cut their price target on Ingersoll Rand from $103.00 to $100.00 and set an "outperform" rating on the stock in a report on Monday, November 3rd. Stifel Nicolaus upped their price objective on Ingersoll Rand from $75.00 to $81.00 and gave the stock a "hold" rating in a research note on Tuesday, December 16th. Wells Fargo & Company raised their target price on Ingersoll Rand from $87.00 to $92.00 and gave the company an "overweight" rating in a research note on Wednesday, January 7th. Finally, Zacks Research upgraded shares of Ingersoll Rand from a "strong sell" rating to a "hold" rating in a research report on Friday, December 12th. Four research analysts have rated the stock with a Buy rating and six have issued 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 price target of $91.38.
Get Our Latest Analysis on IR
Ingersoll Rand Company Profile
(
Get Free Report)
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.
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