Ingersoll Rand (NYSE:IR) Given New $113.00 Price Target at Citigroup

Ingersoll Rand (NYSE:IR) had its price objective reduced by Citigroup from $117.00 to $113.00 in a research note released on Monday,Benzinga reports. Citigroup currently has a buy rating on the industrial products company’s stock.

Other analysts have also recently issued reports about the company. Wells Fargo & Company dropped their price target on Ingersoll Rand from $110.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingersoll Rand in a report on Friday, March 27th. Barclays dropped their price objective on Ingersoll Rand from $111.00 to $100.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. Robert W. Baird set a $115.00 price objective on Ingersoll Rand in a report on Tuesday, February 17th. Finally, Stifel Nicolaus lifted their price objective on Ingersoll Rand from $87.00 to $101.00 and gave the company a “hold” rating in a report on Tuesday, February 17th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Ingersoll Rand has a consensus rating of “Hold” and a consensus target price of $99.57.

Ingersoll Rand Stock Performance

NYSE:IR opened at $87.77 on Monday. The stock has a market cap of $34.37 billion, a P/E ratio of 60.53, a PEG ratio of 5.32 and a beta of 1.33. The stock has a 50 day simple moving average of $88.45 and a 200 day simple moving average of $83.48. The company has a current ratio of 2.06, a quick ratio of 1.49 and a debt-to-equity ratio of 0.47. Ingersoll Rand has a 1-year low of $68.97 and a 1-year high of $100.96.

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

Ingersoll Rand Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Wednesday, March 4th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Ingersoll Rand’s payout ratio is 5.52%.

Insider Activity at Ingersoll Rand

In other news, insider Vicente Reynal sold 191,000 shares of the business’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $88.12, for a total transaction of $16,830,920.00. Following the completion of the transaction, the insider owned 193,186 shares of the company’s stock, valued at approximately $17,023,550.32. The trade was a 49.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Vikram Kini sold 28,367 shares of the business’s stock in a transaction on Friday, February 20th. The stock was 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 of the company’s stock, valued at $9,506,890.50. This trade represents a 22.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 584,771 shares of company stock worth $54,976,547 in the last three months. Insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Ingersoll Rand

A number of institutional investors have recently modified their holdings of IR. Nordea Investment Management AB increased its holdings in Ingersoll Rand by 12.3% in the 3rd quarter. Nordea Investment Management AB now owns 2,018,638 shares of the industrial products company’s stock worth $165,811,000 after purchasing an additional 220,815 shares in the last quarter. Hudson Bay Capital Management LP bought a new stake in shares of Ingersoll Rand in the 3rd quarter valued at about $1,533,000. National Pension Service grew its position in shares of Ingersoll Rand by 2.7% in the 3rd quarter. National Pension Service now owns 617,981 shares of the industrial products company’s stock valued at $51,058,000 after buying an additional 16,084 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Ingersoll Rand by 79.0% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 28,411 shares of the industrial products company’s stock valued at $2,347,000 after buying an additional 12,539 shares during the last quarter. Finally, Varma Mutual Pension Insurance Co grew its position in shares of Ingersoll Rand by 8.8% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 154,664 shares of the industrial products company’s stock valued at $12,778,000 after buying an additional 12,500 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

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.