Ingersoll Rand (NYSE:IR) Price Target Raised to $101.00 at Stifel Nicolaus

Ingersoll Rand (NYSE:IR) had its price objective raised by Stifel Nicolaus from $87.00 to $101.00 in a research report released on Tuesday morning,Benzinga reports. The brokerage currently has a hold rating on the industrial products company’s stock.

Several other research firms have also weighed in on IR. Robert W. Baird set a $115.00 price target on Ingersoll Rand in a report on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a research note on Monday, December 29th. Citigroup raised their target price on shares of Ingersoll Rand from $94.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Barclays upped their price target on shares of Ingersoll Rand from $91.00 to $111.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Wells Fargo & Company raised their price objective on shares of Ingersoll Rand from $92.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $100.50.

Ingersoll Rand Price Performance

Ingersoll Rand stock opened at $98.79 on Tuesday. Ingersoll Rand has a 52-week low of $65.61 and a 52-week high of $100.96. The company has a quick ratio of 1.49, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. The firm’s fifty day moving average is $86.59 and its 200 day moving average is $81.65. The company has a market cap of $39.03 billion, a price-to-earnings ratio of 68.13, a PEG ratio of 6.12 and a beta of 1.32.

Ingersoll Rand (NYSE:IR) last posted its earnings results on Thursday, February 12th. The industrial products company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. Ingersoll Rand had a net margin of 7.60% and a return on equity of 12.62%. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the previous year, the firm posted $0.84 EPS. The business’s quarterly 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. Sell-side analysts forecast that Ingersoll Rand will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Wednesday, March 4th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Ingersoll Rand’s payout ratio is 5.52%.

Insiders Place Their Bets

In other news, insider Vicente Reynal sold 191,000 shares of the business’s stock in a transaction dated 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 owned 193,186 shares in the company, valued at approximately $17,023,550.32. The trade was a 49.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Michael J. Scheske sold 1,477 shares of the company’s 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 completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 292,917 shares of company stock worth $26,747,912 in the last three months. Corporate insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Ingersoll Rand

A number of large investors have recently modified their holdings of the business. NewSquare Capital LLC lifted its stake in shares of Ingersoll Rand by 150.7% during the second quarter. NewSquare Capital LLC now owns 341 shares of the industrial products company’s stock worth $28,000 after buying an additional 205 shares during the period. Deseret Mutual Benefit Administrators increased its position in shares of Ingersoll Rand by 46.9% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 112 shares during the period. Hilton Head Capital Partners LLC acquired a new stake in Ingersoll Rand during the 4th quarter worth about $29,000. Torren Management LLC acquired a new stake in Ingersoll Rand during the 4th quarter worth about $32,000. Finally, Salomon & Ludwin LLC grew its stake in Ingersoll Rand by 166.9% during the 4th quarter. Salomon & Ludwin LLC now owns 427 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 267 shares during the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

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.