Rep. Robert Bresnahan, Jr. Sells Off Shares of Ingersoll Rand Inc. (NYSE:IR)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Ingersoll Rand Inc. NYSE: IR. In a filing disclosed on March 27th, the Representative disclosed that they had sold between $1,001 and $15,000 in Ingersoll Rand stock on February 25th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 3/7/2025.
• Sold $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 3/6/2025.
• Purchased $1,001 - $15,000 in shares of SEA NYSE: SE on 3/5/2025.
• Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Twilio NYSE: TWLO on 3/4/2025.
• Sold $15,001 - $50,000 in shares of Alibaba Group NYSE: BABA on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Zoom Video Communications NASDAQ: ZM on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 3/3/2025.
• Purchased $1,001 - $15,000 in shares of Snowflake NYSE: SNOW on 3/3/2025.

Ingersoll Rand Stock Up 0.8 %

Shares of NYSE IR traded up $0.62 during mid-day trading on Monday, reaching $80.06. The company had a trading volume of 2,928,004 shares, compared to its average volume of 2,454,216. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.29. The company has a market capitalization of $32.27 billion, a price-to-earnings ratio of 38.87, a PEG ratio of 3.50 and a beta of 1.48. The stock has a fifty day moving average of $86.69 and a two-hundred day moving average of $93.73. Ingersoll Rand Inc. has a 12-month low of $77.28 and a 12-month high of $106.03.

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Ingersoll Rand (NYSE:IR - Get Free Report) last released its earnings results on Thursday, February 13th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.85 by ($0.04). The company had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.91 billion. Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. As a group, equities research analysts expect that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th were issued a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.10%. Ingersoll Rand's dividend payout ratio is 3.88%.

Wall Street Analyst Weigh In

IR has been the topic of a number of recent research reports. Evercore ISI lowered their target price on Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating on the stock in a research note on Wednesday, February 19th. Barclays lowered their price target on Ingersoll Rand from $96.00 to $93.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Stifel Nicolaus cut their price objective on shares of Ingersoll Rand from $100.00 to $94.00 and set a "hold" rating on the stock in a research report on Tuesday, February 18th. Robert W. Baird boosted their target price on shares of Ingersoll Rand from $105.00 to $111.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company dropped their price target on shares of Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Ingersoll Rand has an average rating of "Moderate Buy" and an average target price of $105.09.

Institutional Investors Weigh In On Ingersoll Rand

Hedge funds have recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp acquired a new position in shares of Ingersoll Rand during the 4th quarter worth about $36,000. OFI Invest Asset Management bought a new position in Ingersoll Rand in the 4th quarter worth approximately $38,000. Lee Danner & Bass Inc. acquired a new position in shares of Ingersoll Rand during the fourth quarter worth approximately $42,000. Ancora Advisors LLC grew its stake in shares of Ingersoll Rand by 144.8% in the fourth quarter. Ancora Advisors LLC now owns 497 shares of the industrial products company's stock worth $45,000 after acquiring an additional 294 shares during the last quarter. Finally, Millstone Evans Group LLC acquired a new stake in shares of Ingersoll Rand in the fourth quarter worth $50,000. 95.27% of the stock is currently owned by institutional investors.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

Ingersoll Rand Company Profile

Ingersoll Rand Inc provides various mission-critical air, gas, liquid, and solid flow creation technologies services and solutions worldwide. It operates through two segments, Industrial Technologies and Services, and Precision and Science Technologies. The Industrial Technologies and Services segment designs, manufactures, markets, and services air and gas compression, vacuum, and blower products; fluid transfer equipment and loading systems; and power tools and lifting equipment, including associated aftermarket parts, consumables, air treatment equipment, controls, other accessories, and services under the under the Ingersoll Rand, Gardner Denver, Nash, CompAir, Elmo Rietschle brands, etc.