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 Price Performance

Shares of NYSE:IR opened at $79.38 on Friday. Ingersoll Rand Inc. has a twelve month low of $79.03 and a twelve month high of $106.03. The company has a current ratio of 2.29, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. The company has a market cap of $32.00 billion, a PE ratio of 38.53, a price-to-earnings-growth ratio of 3.50 and a beta of 1.48. The company’s 50 day moving average is $86.69 and its 200 day moving average is $93.66.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings data on Thursday, February 13th. The industrial products company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04). The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.91 billion. Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. On average, sell-side analysts forecast that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 5th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.10%. The ex-dividend date was Wednesday, March 5th. Ingersoll Rand’s dividend payout ratio (DPR) is 3.88%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on IR shares. Stifel Nicolaus decreased their price objective on Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating for the company in a report on Tuesday, February 18th. Evercore ISI lowered their price objective on Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating on the stock in a research report on Wednesday, February 19th. Citigroup dropped their price objective on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Barclays decreased their target price on shares of Ingersoll Rand from $96.00 to $93.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Robert W. Baird raised their price target on shares of Ingersoll Rand from $105.00 to $111.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $105.09.

Hedge Funds Weigh In On Ingersoll Rand

A number of hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its position in shares of Ingersoll Rand by 46.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 20,615 shares of the industrial products company’s stock worth $1,865,000 after purchasing an additional 6,507 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ acquired a new stake in Ingersoll Rand during the 4th quarter worth $11,694,000. Dogwood Wealth Management LLC grew its holdings in shares of Ingersoll Rand by 10.7% during the fourth quarter. Dogwood Wealth Management LLC now owns 5,767 shares of the industrial products company’s stock worth $522,000 after buying an additional 559 shares in the last quarter. Siemens Fonds Invest GmbH raised its position in shares of Ingersoll Rand by 243.7% in the fourth quarter. Siemens Fonds Invest GmbH now owns 15,221 shares of the industrial products company’s stock valued at $1,377,000 after buying an additional 10,792 shares during the last quarter. Finally, Park Square Financial Group LLC purchased a new position in shares of Ingersoll Rand in the fourth quarter worth about $122,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

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.