Ingersoll Rand (NYSE:IR) Price Target Lowered to $90.00 at Wells Fargo & Company

Ingersoll Rand (NYSE:IR) had its price objective reduced by Wells Fargo & Company from $110.00 to $90.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the industrial products company’s stock.

Other analysts also recently issued research reports about the stock. Barclays raised 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, February 17th. Wall Street Zen upgraded shares of Ingersoll Rand from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Stifel Nicolaus raised their target price on shares of Ingersoll Rand from $87.00 to $101.00 and gave the stock a “hold” rating in a report on Tuesday, February 17th. Citigroup lifted their target price on shares of Ingersoll Rand from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Finally, Robert W. Baird set a $115.00 price target on Ingersoll Rand in a report on Tuesday, February 17th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $97.43.

Ingersoll Rand Trading Down 0.1%

Shares of NYSE:IR opened at $80.02 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.49. Ingersoll Rand has a 1 year low of $65.61 and a 1 year high of $100.96. The company has a market cap of $31.34 billion, a P/E ratio of 55.18, a PEG ratio of 4.94 and a beta of 1.33. The stock’s fifty day moving average price is $89.21 and its 200-day moving average price is $83.34.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings data on Thursday, February 12th. The industrial products company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.90 by $0.06. Ingersoll Rand had a return on equity of 12.62% and a net margin of 7.60%.The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period last year, the company earned $0.84 EPS. Ingersoll Rand’s revenue for the quarter 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 expect that Ingersoll Rand will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

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

Insider Transactions at Ingersoll Rand

In related news, insider Elizabeth Meloy Hepding sold 18,246 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $97.11, for a total value of $1,771,869.06. Following the transaction, the insider directly owned 16,200 shares of the company’s stock, valued at approximately $1,573,182. The trade was a 52.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Vikram Kini sold 28,367 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 98,517 shares of the company’s stock, valued at $9,506,890.50. The trade was a 22.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 584,771 shares of company stock valued at $54,976,547. 0.59% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ingersoll Rand

Several hedge funds have recently modified their holdings of the stock. Deseret Mutual Benefit Administrators boosted its stake in Ingersoll Rand by 46.9% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock valued at $28,000 after buying an additional 112 shares during the last quarter. Hilton Head Capital Partners LLC purchased a new stake in shares of Ingersoll Rand during the 4th quarter worth approximately $29,000. Reflection Asset Management bought a new position in shares of Ingersoll Rand during the 4th quarter valued at approximately $31,000. Torren Management LLC purchased a new position in shares of Ingersoll Rand in the fourth quarter valued at $32,000. Finally, Salomon & Ludwin LLC grew its holdings in shares of Ingersoll Rand by 166.9% in the fourth 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 in the last quarter. Hedge funds and other institutional investors 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.