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

Ingersoll Rand (NYSE:IR) had its price target raised by investment analysts at Stifel Nicolaus from $75.00 to $81.00 in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The firm presently has a “hold” rating on the industrial products company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 3.70% from the stock’s current price.

A number of other equities analysts have also issued reports on the stock. Robert W. Baird reduced their price target on shares of Ingersoll Rand from $103.00 to $100.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday, December 8th. Citigroup boosted their target price on shares of Ingersoll Rand from $91.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, December 8th. Zacks Research raised Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research report on Friday, December 12th. Finally, Wells Fargo & Company lifted their price objective on Ingersoll Rand from $83.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Ingersoll Rand presently has a consensus rating of “Hold” and a consensus price target of $91.44.

Ingersoll Rand Price Performance

NYSE IR opened at $78.11 on Tuesday. The company has a market cap of $30.86 billion, a price-to-earnings ratio of 57.86, a PEG ratio of 5.14 and a beta of 1.33. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.16 and a quick ratio of 1.51. The stock’s fifty day moving average price is $78.23 and its 200 day moving average price is $80.78. Ingersoll Rand has a 1 year low of $65.61 and a 1 year high of $97.67.

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

Insider Transactions at Ingersoll Rand

In other Ingersoll Rand news, CAO Michael J. Scheske sold 1,477 shares of the firm’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 value of $119,090.51. Following the sale, the chief accounting officer directly owned 12,153 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.59% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. NewSquare Capital LLC increased its holdings in Ingersoll Rand by 150.7% in the 2nd quarter. NewSquare Capital LLC now owns 341 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 205 shares in the last quarter. Heartwood Wealth Advisors LLC purchased a new position in Ingersoll Rand during the third quarter valued at $36,000. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Ingersoll Rand in the third quarter valued at about $36,000. Westside Investment Management Inc. increased its stake in shares of Ingersoll Rand by 100.0% during the third quarter. Westside Investment Management Inc. now owns 464 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 232 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd raised its position in shares of Ingersoll Rand by 55.3% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 486 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

About Ingersoll Rand

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.