Ingersoll Rand (NYSE:IR) Given New $95.00 Price Target at Wells Fargo & Company

Ingersoll Rand (NYSE:IR) had its price objective boosted by Wells Fargo & Company from $83.00 to $95.00 in a report released on Monday morning,Benzinga reports. They currently have an overweight rating on the industrial products company’s stock.

IR has been the subject of a number of other research reports. Citigroup reiterated a “buy” rating and set a $104.00 target price (up previously from $91.00) on shares of Ingersoll Rand in a report on Monday, July 14th. Stifel Nicolaus set a $78.00 price objective on shares of Ingersoll Rand and gave the stock a “hold” rating in a research note on Monday, August 4th. Robert W. Baird raised their target price on shares of Ingersoll Rand from $97.00 to $103.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. Melius lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating and set a $93.00 target price on the stock. in a report on Monday, July 14th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Ingersoll Rand in a report on Saturday, September 27th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $98.00.

Ingersoll Rand Price Performance

Shares of NYSE:IR opened at $83.39 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.63 and a current ratio of 2.29. The business’s fifty day moving average price is $80.20 and its two-hundred day moving average price is $80.38. The stock has a market cap of $33.14 billion, a PE ratio of 65.15, a price-to-earnings-growth ratio of 4.92 and a beta of 1.43. Ingersoll Rand has a one year low of $65.61 and a one year high of $106.03.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.80. Ingersoll Rand had a net margin of 7.10% and a return on equity of 12.12%. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the previous year, the business posted $0.83 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. On average, analysts forecast that Ingersoll Rand will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand’s dividend payout ratio is 6.25%.

Institutional Trading of Ingersoll Rand

A number of large investors have recently modified their holdings of IR. Compass Wealth Management LLC increased its stake in shares of Ingersoll Rand by 62.8% in the first quarter. Compass Wealth Management LLC now owns 355 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 137 shares during the period. NewSquare Capital LLC increased its position 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 during the period. Heartwood Wealth Advisors LLC bought a new stake in Ingersoll Rand during the 3rd quarter valued at $36,000. Golden State Wealth Management LLC boosted its position in Ingersoll Rand by 190.9% during the 1st quarter. Golden State Wealth Management LLC now owns 477 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 313 shares during the period. Finally, Farmers & Merchants Investments Inc. grew its stake in shares of Ingersoll Rand by 54.4% in the first quarter. Farmers & Merchants Investments Inc. now owns 488 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 172 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

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.