Ingersoll Rand Inc.’s filing revealed that its insider Schiesl Andrew R unloaded Company’s shares for reported $0.52 million on Nov 04. In the deal valued at $52.39 per share,10,000 shares were sold. As a result of this transaction, Schiesl Andrew R now holds 60,928 shares worth roughly $ 3.24 million.
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Then, Schiesl Andrew R sold 10,000 shares, generating $520,000 in total proceeds. Upon selling the shares at $52.00, the insider now owns 70,928 shares.
Before that, Minarro Viseras Enrique sold 19,000 shares. Ingersoll Rand Inc. shares valued at $1,016,595 were divested by the insider at a price of $53.51 per share. As a result of the transaction, Minarro Viseras Enrique now holds 7,650 shares, worth roughly $0.41 million.
Deutsche Bank downgraded its Ingersoll Rand Inc. [IR] rating to a Hold from a a Buy in a research note published on Monday, August 05, 2022; the price target was increased to $52 from $50. PT values the company’s stock at a premium of -2.38 to its Monday closing price. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in early April from “an Outperform” to “a Peer perform”. Wells Fargo also remained covering IR and has increased its forecast on November 19, 2021 with a “an Overweight” recommendation from previously “an Equal weight” rating. Wells Fargo started covering the stock on October 08, 2021. It rated IR as “an Equal weight”.
Price Performance Review of IR
On Monday, Ingersoll Rand Inc. [NYSE:IR] saw its stock jump 0.60% to $53.24. On the same session, the stock had its day’s lowest price of $52.55, but rose to a high of $53.68. Over the last five days, the stock has gained 5.43%. Ingersoll Rand Inc. shares have fallen nearly -13.95% since the year began. Nevertheless, the stocks have fallen -7.00% over the past one year. While a 52-week high of $62.64 was reached on 01/03/22, a 52-week low of $39.28 was recorded on 07/14/22. SMA at 50 days reached $47.47, while 200 days put it at $47.86. A total of 2.64 million shares were traded, compared to the trading of 0.58 million shares in the previous session.
Levels Of Support And Resistance For IR Stock
The 24-hour chart illustrates a support level at 52.63, which if violated will result in even more drops to 52.03. On the upside, there is a resistance level at 53.76. A further resistance level may holdings at 54.29. The Relative Strength Index (RSI) on the 14-day chart is 68.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.22, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.15%. Stochastics %K at 91.60% indicates the stock is a selling.
How much short interest is there in Ingersoll Rand Inc.?
A steep rise in short interest was recorded in Ingersoll Rand Inc. stocks on Jul 14, 2022, growing by 0.47 million shares to a total of 8.89 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 8.42 million shares. There was a rise of 5.29%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.92% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.17.
Ingersoll Rand Inc. [IR] – Who Are The Largest Shareholders?
In filings from T. Rowe Price Investment Manageme, it is revealed that the company now owns 62,229,555 shares, or roughly 15.44% of the outstanding IR shares. Additionally, The Vanguard Group, Inc. increased 1.39% of its stake after which the total value it holdings stand at $1,862,670,175, while T. Rowe Price Associates, Inc. reduced -71.25% of its stake to hold $934.95 million in the firm. Over the last quarter, Artisan Partners LP sold -1,640,358 shares of Ingersoll Rand Inc., while BlackRock Fund Advisors sold 427,271 shares. At present, Massachusetts Financial Services is holding 15,368,731 shares valued at $664.85 million. SSgA Funds Management, Inc. owned 15,248,766 shares of the company at the time of its most recent 13F filing, worth $659.66 million.
According to FactSet, Ingersoll Rand Inc.’s share price will average $56.53 in the next year, based on opinions of analysts polled by the firm. This is up nearly 7.71 percent from its previous closing price of $52.92. Analysts expect Ingersoll Rand Inc. stock to reach the higher price of $75.00, while the lowest price estimate is $49.00. However, 17 analysts have rated IR stock as an Overweight in their predictions for 2022.