Recent Insider Activity Could Benefit Ingersoll Rand Inc. (IR)


Ingersoll Rand Inc.’s recent filing unveils that its insider Reynal Vicente unloaded Company’s shares for reported $1.77 million on Jun 16. In the deal valued at $65.00 per share,27,169 shares were sold. As a result of this transaction, Reynal Vicente now holds 73,877 shares worth roughly $ 5.17 million.

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Then, Keene Kathleen M. sold 4,003 shares, generating $250,183 in total proceeds. Upon selling the shares at $62.50, the insider now owns 1,879 shares.

Before that, Gillespie Gary E sold 27,488 shares. Ingersoll Rand Inc. shares valued at $1,692,161 were divested by the insider at a price of $61.56 per share. As a result of the transaction, Gillespie Gary E now holds 42,234 shares, worth roughly $2.95 million.

Evercore ISI upgraded its Ingersoll Rand Inc. [IR] rating to an Outperform from a an In-line in a research note published on Friday. PT values the company’s stock at a premium of 1.48 to its Friday closing price.

Price Performance Review of IR

On Friday, Ingersoll Rand Inc. [NYSE:IR] saw its stock jump 0.49% to $69.95. On the same session, the stock had its day’s lowest price of $69.56, but rose to a high of $70.52. Over the last five days, the stock has gained 1.52%. Ingersoll Rand Inc. shares have risen nearly 33.88% since the year began. Nevertheless, the stocks have risen 47.67% over the past one year. While a 52-week high of $70.65 was reached on 08/30/23, a 52-week low of $42.20 was recorded on 03/17/23. SMA at 50 days reached $66.37, while 200 days put it at $59.00. A total of 2.94 million shares were traded, compared to the trading of 3.96 million shares in the previous session.

Levels Of Support And Resistance For IR Stock

The 24-hour chart illustrates a support level at 69.50, which if violated will result in even more drops to 69.05. On the upside, there is a resistance level at 70.46. A further resistance level may holdings at 70.97. The Relative Strength Index (RSI) on the 14-day chart is 67.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.67, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.39%. Stochastics %K at 85.25% 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 Aug 14, 2023, dropping by -0.68 million shares to a total of 3.87 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 4.55 million shares. There was a decline of -17.57%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.26% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.67.

Ingersoll Rand Inc. [IR] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 43,853,297 shares, or roughly 10.84% of the outstanding IR shares. In other words, the investor’s shares have fallen by -337,403 from its previous 13-F filing of 44190700.0. Additionally, T. Rowe Price Investment Manageme decreased -11.90% of its stake after which the total value it holdings stand at $2,667,449,922, while T. Rowe Price Associates, Inc. reduced -2.83% of its stake to hold $1.74 billion in the firm. Over the last quarter, BlackRock Fund Advisors purchased 274,067 shares of Ingersoll Rand Inc., while Fidelity Management & Research Co bought -55,968 shares. At present, SSgA Funds Management, Inc. is holding 15,236,796 shares valued at $994.51 million. Artisan Partners LP owned 14,852,500 shares of the company at the time of its most recent 13F filing, worth $969.42 million.


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