Ingersoll Rand (NYSE:IR) Price Target Raised to $81.00 at Stifel Nicolaus

Ingersoll Rand (NYSE:IR) had its price objective hoisted by analysts at Stifel Nicolaus from $75.00 to $81.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the industrial products company’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 0.35% from the company’s current price.

Several other brokerages have also weighed in on IR. Robert W. Baird cut their target price on Ingersoll Rand from $103.00 to $100.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. Wells Fargo & Company raised their price objective on Ingersoll Rand from $83.00 to $95.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday, December 8th. Zacks Research upgraded shares of Ingersoll Rand from a “strong sell” rating to a “hold” rating in a report on Friday. Finally, Citigroup raised their price objective on Ingersoll Rand from $91.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, December 8th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Ingersoll Rand has a consensus rating of “Hold” and a consensus target price of $91.44.

Ingersoll Rand Price Performance

Shares of NYSE IR traded down $0.91 on Tuesday, hitting $80.72. The company’s stock had a trading volume of 612,224 shares, compared to its average volume of 3,035,580. The stock has a 50 day moving average of $78.31 and a 200-day moving average of $80.81. The company has a market capitalization of $31.89 billion, a price-to-earnings ratio of 59.74, a price-to-earnings-growth ratio of 5.28 and a beta of 1.33. Ingersoll Rand has a 12-month low of $65.61 and a 12-month high of $99.67. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.16 and a quick ratio of 1.51.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings data on Thursday, October 30th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.01). The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.95 billion. Ingersoll Rand had a return on equity of 12.14% and a net margin of 7.31%.The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.84 earnings per share. Ingersoll Rand has set its FY 2025 guidance at 3.250-3.310 EPS. As a group, research analysts predict that Ingersoll Rand will post 3.32 EPS for the current year.

Insider Activity

In related news, CAO Michael J. Scheske sold 1,477 shares of the firm’s stock in a transaction 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 directly owned 12,153 shares in the company, valued at $979,896.39. This trade represents a 10.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Ingersoll Rand

A number of institutional investors have recently modified their holdings of IR. NewSquare Capital LLC lifted its holdings in Ingersoll Rand by 150.7% in the second quarter. NewSquare Capital LLC now owns 341 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 205 shares during the last quarter. Grey Fox Wealth Advisors LLC bought a new stake in shares of Ingersoll Rand in the 3rd quarter worth approximately $36,000. Heartwood Wealth Advisors LLC acquired a new position in Ingersoll Rand during the 3rd quarter valued at approximately $36,000. Westside Investment Management Inc. grew its stake in Ingersoll Rand by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 464 shares of the industrial products company’s stock worth $39,000 after buying an additional 232 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd increased 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 buying an additional 173 shares during the period. Institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Company Profile

Ingersoll Rand Inc provides various mission-critical air, gas, liquid, and solid flow creation technologies services and solutions worldwide. It operates through two segments, Industrial Technologies and Services, and Precision and Science Technologies. The Industrial Technologies and Services segment designs, manufactures, markets, and services air and gas compression, vacuum, and blower products; fluid transfer equipment and loading systems; and power tools and lifting equipment, including associated aftermarket parts, consumables, air treatment equipment, controls, other accessories, and services under the under the Ingersoll Rand, Gardner Denver, Nash, CompAir, Elmo Rietschle brands, etc.