Barclays Lowers Ingersoll Rand (NYSE:IR) Price Target to $100.00

Ingersoll Rand (NYSE:IR) had its target price lowered by Barclays from $111.00 to $100.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the industrial products company’s stock. Barclays‘s target price would indicate a potential upside of 28.38% from the stock’s previous close.

Several other equities research analysts have also commented on IR. Citigroup upped their price target on shares of Ingersoll Rand from $94.00 to $98.00 and gave the company a “buy” rating in a report on Monday, January 12th. Zacks Research raised shares of Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. Stifel Nicolaus raised their price objective on shares of Ingersoll Rand from $87.00 to $101.00 and gave the stock a “hold” rating in a research report on Tuesday, February 17th. Wells Fargo & Company reduced their price objective on shares of Ingersoll Rand from $110.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Wall Street Zen raised shares of Ingersoll Rand from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $97.43.

Ingersoll Rand Stock Down 2.6%

Ingersoll Rand stock opened at $77.89 on Wednesday. The business has a fifty day moving average price of $89.02 and a 200-day moving average price of $83.31. 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 stock has a market capitalization of $30.50 billion, a price-to-earnings ratio of 53.72, a PEG ratio of 4.94 and a beta of 1.33.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings data on Thursday, February 12th. The industrial products company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.06. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.04 billion. Ingersoll Rand had a net margin of 7.60% and a return on equity of 12.62%. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.84 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Equities research analysts forecast that Ingersoll Rand will post 3.32 EPS for the current fiscal year.

Insider Buying and Selling

In other Ingersoll Rand news, insider Vicente Reynal sold 118,044 shares of Ingersoll Rand stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $94.11, for a total transaction of $11,109,120.84. Following the completion of the transaction, the insider owned 209,534 shares in the company, valued at approximately $19,719,244.74. The trade was a 36.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Elizabeth Meloy Hepding sold 18,246 shares of Ingersoll Rand stock in a transaction dated 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 sale, the insider owned 16,200 shares of the company’s stock, valued at approximately $1,573,182. This represents a 52.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 584,771 shares of company stock valued at $54,976,547 in the last quarter. Corporate insiders own 0.59% of the company’s stock.

Hedge Funds Weigh In On Ingersoll Rand

A number of hedge funds have recently made changes to their positions in IR. Nordea Investment Management AB boosted its position in Ingersoll Rand by 12.3% in the 3rd quarter. Nordea Investment Management AB now owns 2,018,638 shares of the industrial products company’s stock valued at $165,811,000 after buying an additional 220,815 shares during the last quarter. National Pension Service increased its position in shares of Ingersoll Rand by 2.7% during the third quarter. National Pension Service now owns 617,981 shares of the industrial products company’s stock worth $51,058,000 after acquiring an additional 16,084 shares during the last quarter. Hudson Bay Capital Management LP acquired a new position in shares of Ingersoll Rand in the third quarter worth about $1,533,000. BI Asset Management Fondsmaeglerselskab A S increased its holdings in Ingersoll Rand by 79.0% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 28,411 shares of the industrial products company’s stock worth $2,347,000 after purchasing an additional 12,539 shares during the last quarter. Finally, Varma Mutual Pension Insurance Co raised its position in shares of Ingersoll Rand by 8.8% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 154,664 shares of the industrial products company’s stock valued at $12,778,000 after purchasing an additional 12,500 shares in the last quarter. Institutional investors and hedge funds 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.