Ingersoll Rand (NYSE:IR) Rating Increased to Buy at Stifel Nicolaus

Ingersoll Rand (NYSE:IR) was upgraded by equities research analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, Marketbeat reports. The brokerage currently has a $101.00 price objective on the industrial products company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 21.19% from the company’s current price.

IR has been the topic of several other research reports. Barclays cut their price target on Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Morgan Stanley cut their target price on Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 3rd. Robert W. Baird raised their price target on Ingersoll Rand from $103.00 to $109.00 and gave the company an “outperform” rating in a report on Monday. Citigroup dropped their price target on shares of Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Finally, Weiss Ratings raised shares of Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 21st. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $95.14.

Ingersoll Rand Stock Down 0.0%

Shares of Ingersoll Rand stock opened at $83.34 on Monday. Ingersoll Rand has a 1 year low of $68.07 and a 1 year high of $100.96. The firm has a market cap of $32.61 billion, a price-to-earnings ratio of 34.30, a PEG ratio of 5.27 and a beta of 1.17. The company has a 50-day moving average of $78.03 and a 200 day moving average of $82.66. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.62 and a quick ratio of 1.15.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.83 by $0.03. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the firm posted $0.80 earnings per share. Ingersoll Rand’s quarterly revenue was up 8.5% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. As a group, sell-side analysts anticipate that Ingersoll Rand will post 3.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ingersoll Rand

Several hedge funds and other institutional investors have recently bought and sold shares of IR. Deseret Mutual Benefit Administrators lifted its position in Ingersoll Rand by 46.9% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 112 shares during the period. Sumitomo Life Insurance Co. grew its stake in shares of Ingersoll Rand by 0.7% during the 4th quarter. Sumitomo Life Insurance Co. now owns 21,284 shares of the industrial products company’s stock valued at $1,686,000 after purchasing an additional 138 shares during the period. Groupama Asset Managment boosted its holdings in shares of Ingersoll Rand by 1.7% in the fourth quarter. Groupama Asset Managment now owns 8,146 shares of the industrial products company’s stock worth $645,000 after buying an additional 140 shares during the last quarter. Andina Capital Management LLC raised its position in Ingersoll Rand by 2.6% in the fourth quarter. Andina Capital Management LLC now owns 5,628 shares of the industrial products company’s stock worth $446,000 after acquiring an additional 145 shares during the period. Finally, Chicago Partners Investment Group LLC raised its holdings in Ingersoll Rand by 6.4% in the 1st quarter. Chicago Partners Investment Group LLC now owns 2,658 shares of the industrial products company’s stock worth $222,000 after purchasing an additional 160 shares during the period. Institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Company Profile

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.