Ingersoll Rand (NYSE:IR) Price Target Raised to $87.00 at Stifel Nicolaus

Ingersoll Rand (NYSE:IR) had its price target lifted by Stifel Nicolaus from $81.00 to $87.00 in a research report report published on Friday, MarketBeat Ratings reports. The firm currently has a hold rating on the industrial products company’s stock.

Several other equities research analysts also recently weighed in on the stock. 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 decreased their target price on Ingersoll Rand from $103.00 to $100.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. Citigroup increased their price target on Ingersoll Rand from $94.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Wells Fargo & Company boosted their price objective on Ingersoll Rand from $87.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, January 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingersoll Rand in a research report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Ingersoll Rand has an average rating of “Hold” and an average price target of $92.13.

Ingersoll Rand Trading Down 0.5%

Shares of IR stock opened at $87.15 on Friday. Ingersoll Rand has a fifty-two week low of $65.61 and a fifty-two week high of $95.85. 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 has a 50 day simple moving average of $81.32 and a two-hundred day simple moving average of $80.85. The company has a market cap of $34.43 billion, a P/E ratio of 64.56, a PEG ratio of 5.53 and a beta of 1.33.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings results 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). The business had revenue of $1.96 billion for 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%.Ingersoll Rand’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.84 earnings per share. Ingersoll Rand has set its FY 2025 guidance at 3.250-3.310 EPS. Research analysts forecast that Ingersoll Rand will post 3.32 earnings per share for the current year.

Insider Activity at Ingersoll Rand

In related news, CAO Michael J. Scheske sold 1,477 shares of Ingersoll Rand stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $80.63, for a total transaction of $119,090.51. Following the transaction, the chief accounting officer owned 12,153 shares of the company’s stock, valued at $979,896.39. The trade was a 10.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Vicente Reynal sold 191,000 shares of the stock in a transaction on Friday, January 16th. The shares were sold at an average price of $88.12, for a total value of $16,830,920.00. Following the completion of the sale, the insider directly owned 193,186 shares of the company’s stock, valued at $17,023,550.32. The trade was a 49.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.59% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. NewSquare Capital LLC grew 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 worth $28,000 after purchasing an additional 205 shares in the last quarter. Heartwood Wealth Advisors LLC bought a new position in shares of Ingersoll Rand in the third quarter valued at approximately $36,000. Grey Fox Wealth Advisors LLC purchased a new stake in shares of Ingersoll Rand during the third quarter valued at approximately $36,000. Westside Investment Management Inc. lifted its holdings in Ingersoll Rand by 100.0% during the third quarter. Westside Investment Management Inc. now owns 464 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 232 shares during the period. Finally, ANTIPODES PARTNERS Ltd boosted its position in Ingersoll Rand by 55.3% in the third quarter. ANTIPODES PARTNERS Ltd now owns 486 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 173 shares during the last quarter. 95.27% of the stock is owned by institutional investors.

About Ingersoll Rand

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.