Ingersoll Rand (NYSE:IR) Price Target Raised to $101.00

Ingersoll Rand (NYSE:IR) had its price objective hoisted by equities research analysts at Stifel Nicolaus from $87.00 to $101.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the industrial products company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 1.40% from the company’s previous close.

A number of other research firms have also weighed in on IR. Zacks Research raised Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. Robert W. Baird set a $115.00 price target on Ingersoll Rand in a research note on Tuesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a research report on Monday, December 29th. Barclays upped their target price on shares of Ingersoll Rand from $91.00 to $111.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Citigroup boosted their price target on shares of Ingersoll Rand from $94.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $100.50.

Ingersoll Rand Stock Up 1.1%

Shares of IR stock traded up $1.09 during mid-day trading on Tuesday, hitting $99.61. The company’s stock had a trading volume of 1,255,951 shares, compared to its average volume of 4,368,978. The stock has a market cap of $39.36 billion, a price-to-earnings ratio of 68.68, a PEG ratio of 6.12 and a beta of 1.32. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.49 and a current ratio of 2.06. Ingersoll Rand has a 52-week low of $65.61 and a 52-week high of $100.96. The business has a 50-day moving average price of $86.18 and a 200 day moving average price of $81.48.

Ingersoll Rand (NYSE:IR) last issued its earnings results on Thursday, February 12th. The industrial products company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. Ingersoll Rand had a return on equity of 12.62% and a net margin of 7.60%.The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the previous year, the firm earned $0.84 EPS. Ingersoll Rand’s revenue was up 10.1% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Research analysts predict that Ingersoll Rand will post 3.32 EPS for the current fiscal year.

Insider Buying and Selling at Ingersoll Rand

In other news, CAO Michael J. Scheske sold 1,477 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $80.63, for a total transaction of $119,090.51. Following the transaction, the chief accounting officer directly owned 12,153 shares of the company’s stock, valued at approximately $979,896.39. This trade represents a 10.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Vicente Reynal sold 440 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $100.00, for a total value of $44,000.00. Following the completion of the transaction, the insider directly owned 229,668 shares in the company, valued at approximately $22,966,800. This trade represents a 0.19% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 292,917 shares of company stock worth $26,747,912. Insiders own 0.68% of the company’s stock.

Institutional Trading of Ingersoll Rand

Several hedge funds have recently modified their holdings of the company. AQR Capital Management LLC boosted its position in shares of Ingersoll Rand by 12.7% in the 1st quarter. AQR Capital Management LLC now owns 37,078 shares of the industrial products company’s stock worth $2,904,000 after purchasing an additional 4,167 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Ingersoll Rand by 4.8% during the 1st quarter. NewEdge Advisors LLC now owns 6,168 shares of the industrial products company’s stock worth $494,000 after buying an additional 282 shares during the period. Empowered Funds LLC lifted its stake in Ingersoll Rand by 6.2% in the 1st quarter. Empowered Funds LLC now owns 7,731 shares of the industrial products company’s stock valued at $619,000 after buying an additional 454 shares in the last quarter. Woodline Partners LP purchased a new stake in shares of Ingersoll Rand during the first quarter worth $643,000. Finally, Chicago Partners Investment Group LLC purchased a new position in Ingersoll Rand during the second quarter worth approximately $209,000. 95.27% of the stock is owned by hedge funds and other institutional investors.

About Ingersoll Rand

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.