Ingersoll Rand (NYSE:IR) Price Target Raised to $109.00

Ingersoll Rand (NYSE:IR) had its target price boosted by Robert W. Baird from $103.00 to $109.00 in a research report report published on Monday morning,Benzinga reports. They currently have an outperform rating on the industrial products company’s stock.

Other equities research analysts have also issued reports about the stock. Citigroup reduced their target price on shares of Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Barclays cut their price target on shares of Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Wall Street Zen cut shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Sunday. Evercore set a $84.00 price objective on Ingersoll Rand in a report on Monday, May 11th. Finally, Wells Fargo & Company lowered their target price on Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Ingersoll Rand currently has an average rating of “Moderate Buy” and a consensus target price of $95.14.

Ingersoll Rand Stock Up 0.6%

IR stock opened at $89.97 on Monday. The stock has a market capitalization of $34.91 billion, a P/E ratio of 37.02, a price-to-earnings-growth ratio of 5.66 and a beta of 1.17. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.40. Ingersoll Rand has a 12 month low of $68.07 and a 12 month high of $100.96. The firm has a 50-day moving average price of $79.08 and a 200-day moving average price of $82.72.

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

Ingersoll Rand Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be given a dividend of $0.02 per share. The ex-dividend date is Thursday, August 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand’s dividend payout ratio is 3.29%.

Insiders Place Their Bets

In other news, Director Aurobind Satpathy bought 11,538 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was acquired at an average price of $86.68 per share, with a total value of $1,000,113.84. Following the completion of the purchase, the director directly owned 11,538 shares of the company’s stock, valued at approximately $1,000,113.84. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.49% of the stock is owned by corporate insiders.

Institutional Trading of Ingersoll Rand

A number of large investors have recently bought and sold shares of the business. Capital International Investors boosted its position in shares of Ingersoll Rand by 4.7% during the 4th quarter. Capital International Investors now owns 52,353,914 shares of the industrial products company’s stock valued at $4,147,878,000 after purchasing an additional 2,351,781 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in Ingersoll Rand by 18.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 21,791,309 shares of the industrial products company’s stock worth $1,726,308,000 after purchasing an additional 3,423,501 shares in the last quarter. Capital Research Global Investors lifted its stake in Ingersoll Rand by 1.2% in the fourth quarter. Capital Research Global Investors now owns 19,476,801 shares of the industrial products company’s stock valued at $1,543,017,000 after buying an additional 222,125 shares during the period. Franklin Resources Inc. lifted its stake in Ingersoll Rand by 8.6% in the fourth quarter. Franklin Resources Inc. now owns 15,641,979 shares of the industrial products company’s stock valued at $1,239,158,000 after buying an additional 1,237,527 shares during the period. Finally, State Street Corp boosted its holdings in shares of Ingersoll Rand by 0.9% during the 4th quarter. State Street Corp now owns 15,458,763 shares of the industrial products company’s stock worth $1,224,643,000 after buying an additional 137,325 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

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.