Ingersoll Rand Inc. (NYSE:IR - Get Free Report) insider Vicente Reynal sold 9,719 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $94.00, for a total transaction of $913,586.00. Following the completion of the sale, the insider owned 193,186 shares in the company, valued at $18,159,484. This represents a 4.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 shares were 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 stock was sold at an average price of $88.12, for a total value of $16,830,920.00.
Ingersoll Rand Stock Down 1.5%
NYSE:IR opened at $95.98 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 50-day moving average price of $83.68 and a two-hundred day moving average price of $81.01. The stock has a market cap of $37.92 billion, a price-to-earnings ratio of 71.10, a PEG ratio of 6.14 and a beta of 1.32. The company has a current ratio of 2.16, a quick ratio of 1.51 and a debt-to-equity ratio of 0.47.
Analyst Ratings Changes
A number of equities analysts have issued reports on the company. Wells Fargo & Company increased their target price on Ingersoll Rand from $87.00 to $92.00 and gave the stock an "overweight" rating in a report on Wednesday, January 7th. Zacks Research raised Ingersoll Rand from a "strong sell" rating to a "hold" rating in a research report on Friday, December 12th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Ingersoll Rand in a research note on Monday, December 29th. Stifel Nicolaus boosted their price objective on shares of Ingersoll Rand from $81.00 to $87.00 and gave the stock a "hold" rating in a research report on Friday, January 23rd. Finally, Robert W. Baird decreased their target price on shares of Ingersoll Rand from $103.00 to $100.00 and set an "outperform" rating for the company in a research report on Monday, November 3rd. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $92.13.
Read Our Latest Analysis on Ingersoll Rand
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the company. AQR Capital Management LLC lifted its position in shares of 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 valued at $2,904,000 after buying an additional 4,167 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in Ingersoll Rand by 4.8% during the 1st quarter. NewEdge Advisors LLC now owns 6,168 shares of the industrial products company's stock valued at $494,000 after purchasing an additional 282 shares during the last quarter. Empowered Funds LLC lifted its holdings 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 valued at $619,000 after purchasing an additional 454 shares during the last quarter. Woodline Partners LP acquired a new position in shares of Ingersoll Rand in the first quarter valued at $643,000. Finally, Ameritas Advisory Services LLC bought a new position in shares of Ingersoll Rand in the second quarter valued at about $111,000. 95.27% of the stock is currently owned by institutional investors and hedge funds.
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
