Ingersoll Rand (NYSE:IR) Given New $87.00 Price Target at Stifel Nicolaus

Ingersoll Rand (NYSE:IR) had its price objective upped by equities researchers at Stifel Nicolaus from $81.00 to $87.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “hold” rating on the industrial products company’s stock. Stifel Nicolaus’ price objective would indicate a potential downside of 0.01% from the stock’s previous close.

IR has been the subject of several other research reports. Robert W. Baird decreased their price objective on Ingersoll Rand from $103.00 to $100.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Zacks Research raised shares of Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. Citigroup upped their price target on shares of Ingersoll Rand from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Wells Fargo & Company increased their price target on shares of Ingersoll Rand from $87.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, January 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday, December 29th. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $92.13.

Ingersoll Rand Stock Down 0.6%

Shares of IR traded down $0.54 during mid-day trading on Friday, hitting $87.01. 84,075 shares of the company’s stock were exchanged, compared to its average volume of 2,640,648. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.16 and a quick ratio of 1.51. Ingersoll Rand has a 52 week low of $65.61 and a 52 week high of $95.85. The company has a market cap of $34.38 billion, a PE ratio of 64.45, a P/E/G ratio of 5.67 and a beta of 1.33. The company has a 50-day simple moving average of $81.08 and a 200 day simple moving average of $80.84.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings data on Thursday, October 30th. The industrial products company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.95 billion. Ingersoll Rand had a return on equity of 12.14% and a net margin of 7.31%.The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 EPS. Ingersoll Rand has set its FY 2025 guidance at 3.250-3.310 EPS. On average, research analysts forecast that Ingersoll Rand will post 3.32 earnings per share for the current fiscal year.

Insider Buying and Selling at Ingersoll Rand

In other Ingersoll Rand news, insider Vicente Reynal sold 191,000 shares of the company’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $88.12, for a total value of $16,830,920.00. Following the transaction, the insider directly owned 193,186 shares of the company’s stock, valued at $17,023,550.32. This represents a 49.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Michael J. Scheske sold 1,477 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $80.63, for a total transaction of $119,090.51. Following the completion of the sale, the chief accounting officer directly owned 12,153 shares of the company’s stock, valued at approximately $979,896.39. The trade was a 10.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.59% of the company’s stock.

Institutional Investors Weigh In On Ingersoll Rand

Several institutional investors have recently made changes to their positions in the stock. NewSquare Capital LLC raised its holdings in Ingersoll Rand by 150.7% in the 2nd quarter. NewSquare Capital LLC now owns 341 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 205 shares in the last quarter. Grey Fox Wealth Advisors LLC acquired a new position in Ingersoll Rand in the third quarter valued at about $36,000. Heartwood Wealth Advisors LLC bought a new stake in Ingersoll Rand during the third quarter worth about $36,000. Westside Investment Management Inc. increased its holdings in Ingersoll Rand by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 464 shares of the industrial products company’s stock valued at $39,000 after buying an additional 232 shares during the period. Finally, ANTIPODES PARTNERS Ltd lifted its holdings in shares of Ingersoll Rand by 55.3% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 486 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 173 shares during the period. 95.27% of the stock is currently owned by institutional investors.

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.