Ingersoll Rand (NYSE:IR) Price Target Cut to $100.00 by Analysts at Barclays

Ingersoll Rand (NYSE:IR) had its price target cut by Barclays from $111.00 to $100.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have an overweight rating on the industrial products company’s stock.

IR has been the topic of several other reports. Zacks Research upgraded shares of Ingersoll Rand from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Robert W. Baird set a $115.00 target price on shares of Ingersoll Rand in a research report on Tuesday, February 17th. Stifel Nicolaus increased their price target on Ingersoll Rand from $87.00 to $101.00 and gave the company a “hold” rating in a research note on Tuesday, February 17th. Wall Street Zen upgraded Ingersoll Rand from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a report 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $97.43.

Ingersoll Rand Price Performance

Ingersoll Rand stock opened at $80.02 on Wednesday. The business’s 50-day simple moving average is $89.21 and its 200 day simple moving average is $83.34. 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 stock has a market cap of $31.34 billion, a price-to-earnings ratio of 55.18, a P/E/G ratio of 4.94 and a beta of 1.33. Ingersoll Rand has a 12-month low of $65.61 and a 12-month high of $100.96.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings data 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 firm 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 company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.84 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. As a group, research analysts anticipate that Ingersoll Rand will post 3.32 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Wednesday, March 4th were issued a $0.02 dividend. The ex-dividend date was Wednesday, March 4th. This represents a $0.08 annualized dividend and a yield of 0.1%. Ingersoll Rand’s dividend payout ratio (DPR) is 5.52%.

Insider Activity at Ingersoll Rand

In related news, insider Kathleen M. Keene sold 12,000 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $99.46, for a total transaction of $1,193,520.00. Following the sale, the insider owned 3,528 shares of the company’s stock, valued at approximately $350,894.88. This trade represents a 77.28% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Michael J. Scheske sold 19,122 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $97.67, for a total value of $1,867,645.74. Following the completion of the transaction, the chief accounting officer directly owned 12,153 shares of the company’s stock, valued at approximately $1,186,983.51. The trade was a 61.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 584,771 shares of company stock valued at $54,976,547. 0.59% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ingersoll Rand

A number of hedge funds have recently modified their holdings of the business. Capital International Investors grew its position in shares of Ingersoll Rand by 4.7% in the 4th quarter. Capital International Investors now owns 52,353,914 shares of the industrial products company’s stock valued at $4,147,878,000 after purchasing an additional 2,351,781 shares during the period. Capital World Investors raised its holdings in Ingersoll Rand by 19.2% during the 3rd quarter. Capital World Investors now owns 31,787,657 shares of the industrial products company’s stock worth $2,626,296,000 after buying an additional 5,110,668 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in Ingersoll Rand by 18.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 21,791,309 shares of the industrial products company’s stock valued at $1,726,308,000 after buying an additional 3,423,501 shares in the last quarter. Capital Research Global Investors lifted its stake in Ingersoll Rand by 1.2% in the fourth quarter. Capital Research Global Investors now owns 19,476,801 shares of the industrial products company’s stock valued at $1,543,017,000 after buying an additional 222,125 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of Ingersoll Rand by 1.5% in the second quarter. State Street Corp now owns 16,514,718 shares of the industrial products company’s stock valued at $1,373,694,000 after buying an additional 239,779 shares during the period. Institutional investors and hedge funds 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.