Wells Fargo & Company Lowers Ingersoll Rand (NYSE:IR) Price Target to $90.00

Ingersoll Rand (NYSE:IR) had its price objective lowered by investment analysts at Wells Fargo & Company from $110.00 to $90.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the industrial products company’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 15.55% from the company’s previous close.

A number of other analysts have also recently issued reports on IR. Barclays boosted their price objective on Ingersoll Rand from $91.00 to $111.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Robert W. Baird set a $115.00 price target on shares of Ingersoll Rand in a report on Tuesday, February 17th. Zacks Research raised shares of Ingersoll Rand from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Wall Street Zen upgraded shares of Ingersoll Rand from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a research note on Friday, March 27th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $97.43.

Ingersoll Rand Price Performance

Shares of Ingersoll Rand stock opened at $77.89 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.49. The company has a market cap of $30.50 billion, a PE ratio of 53.72, a price-to-earnings-growth ratio of 4.94 and a beta of 1.33. The firm has a fifty day moving average price of $89.02 and a two-hundred day moving average price of $83.31. Ingersoll Rand has a fifty-two week low of $65.61 and a fifty-two week high of $100.96.

Ingersoll Rand (NYSE:IR) last released its earnings results on Thursday, February 12th. The industrial products company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.06. Ingersoll Rand had a net margin of 7.60% and a return on equity of 12.62%. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter last year, the company earned $0.84 earnings per share. The firm’s revenue was up 10.1% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Analysts expect that Ingersoll Rand will post 3.32 EPS for the current year.

Insiders Place Their Bets

In other Ingersoll Rand news, CFO Vikram Kini sold 28,367 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $96.50, for a total value of $2,737,415.50. Following the transaction, the chief financial officer directly owned 98,517 shares in the company, valued at $9,506,890.50. The trade was a 22.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Humphrey sold 4,300 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $95.90, for a total transaction of $412,370.00. Following the sale, the director directly owned 23,983 shares of the company’s stock, valued at approximately $2,299,969.70. The trade was a 15.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 584,771 shares of company stock worth $54,976,547 in the last quarter. 0.59% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ingersoll Rand

Hedge funds and other institutional investors have recently bought and sold shares of the business. Deseret Mutual Benefit Administrators boosted its stake in Ingersoll Rand by 46.9% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 112 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new stake in shares of Ingersoll Rand in the fourth quarter valued at $29,000. Reflection Asset Management bought a new position in shares of Ingersoll Rand in the fourth quarter valued at about $31,000. Torren Management LLC bought a new position in shares of Ingersoll Rand in the fourth quarter valued at about $32,000. Finally, Salomon & Ludwin LLC lifted its position in Ingersoll Rand by 166.9% during the 4th quarter. Salomon & Ludwin LLC now owns 427 shares of the industrial products company’s stock worth $35,000 after buying an additional 267 shares in the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.

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.