Ingersoll Rand (NYSE:IR) Given New $81.00 Price Target at Stifel Nicolaus

Ingersoll Rand (NYSE:IR) had its price objective lifted by Stifel Nicolaus from $75.00 to $81.00 in a report issued on Tuesday morning, MarketBeat Ratings reports. The firm currently has a hold rating on the industrial products company’s stock.

Several other brokerages also recently issued reports on IR. Zacks Research raised shares of Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. Robert W. Baird dropped their price target on Ingersoll Rand from $103.00 to $100.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. Wells Fargo & Company raised their price objective on Ingersoll Rand from $83.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. Citigroup lifted their target price on Ingersoll Rand from $91.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, December 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a research report on Monday, December 8th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $91.44.

Ingersoll Rand Stock Performance

IR stock opened at $79.67 on Tuesday. Ingersoll Rand has a 1 year low of $65.61 and a 1 year high of $99.67. The stock has a market capitalization of $31.48 billion, a price-to-earnings ratio of 59.01, a PEG ratio of 5.27 and a beta of 1.33. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.51 and a current ratio of 2.16. The stock’s fifty day moving average is $78.28 and its two-hundred day moving average is $80.80.

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

Ingersoll Rand Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, November 13th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, November 13th. Ingersoll Rand’s dividend payout ratio (DPR) is presently 5.93%.

Insider Activity

In other Ingersoll Rand news, CAO Michael J. Scheske sold 1,477 shares of Ingersoll Rand stock in a transaction on Monday, December 1st. The stock was sold at an average price of $80.63, for a total value of $119,090.51. Following the completion of the transaction, the chief accounting officer directly owned 12,153 shares of the company’s stock, valued at $979,896.39. The trade was a 10.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Ingersoll Rand

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital International Investors increased its stake in shares of Ingersoll Rand by 18.5% in the 3rd quarter. Capital International Investors now owns 50,002,133 shares of the industrial products company’s stock valued at $4,131,157,000 after acquiring an additional 7,816,194 shares in the last quarter. Capital World Investors grew its holdings in Ingersoll Rand by 19.2% in the third quarter. Capital World Investors now owns 31,787,657 shares of the industrial products company’s stock worth $2,626,296,000 after purchasing an additional 5,110,668 shares during the period. Norges Bank bought a new stake in Ingersoll Rand in the second quarter valued at $397,501,000. T. Rowe Price Investment Management Inc. raised its holdings in shares of Ingersoll Rand by 28.8% during the first quarter. T. Rowe Price Investment Management Inc. now owns 17,826,488 shares of the industrial products company’s stock valued at $1,426,654,000 after purchasing an additional 3,989,643 shares during the period. Finally, Capital Research Global Investors boosted its position in shares of Ingersoll Rand by 14.3% during the 3rd quarter. Capital Research Global Investors now owns 19,254,676 shares of the industrial products company’s stock worth $1,590,818,000 after purchasing an additional 2,406,183 shares in the last quarter. 95.27% of the stock is owned by institutional investors.

About Ingersoll Rand

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.