Ingersoll Rand (NYSE:IR - Get Free Report) had its price target reduced by equities research analysts at Barclays from $111.00 to $100.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the industrial products company's stock. Barclays's price objective would suggest a potential upside of 24.22% from the company's current price.
A number of other research analysts have also recently commented on the stock. Robert W. Baird set a $115.00 target price on shares of Ingersoll Rand in a research report on Tuesday, February 17th. Citigroup boosted their price target on shares of Ingersoll Rand from $94.00 to $98.00 and gave the company a "buy" rating in a research note on Monday, January 12th. Wall Street Zen upgraded shares of Ingersoll Rand from a "hold" rating to a "buy" rating in a report on Saturday, March 14th. Zacks Research raised shares of Ingersoll Rand from a "strong sell" rating to a "hold" rating in a research report on Friday, December 12th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Ingersoll Rand in a report on Friday. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $97.43.
Check Out Our Latest Research Report on Ingersoll Rand
Ingersoll Rand Trading Up 0.5%
Ingersoll Rand stock traded up $0.38 during mid-day trading on Wednesday, hitting $80.50. The company's stock had a trading volume of 1,136,482 shares, compared to its average volume of 3,799,936. The stock's fifty day moving average is $89.41 and its two-hundred day moving average is $83.37. The company has a current ratio of 2.06, a quick ratio of 1.49 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $31.53 billion, a PE ratio of 55.50, a price-to-earnings-growth ratio of 4.74 and a beta of 1.29. Ingersoll Rand has a 1 year low of $65.61 and a 1 year high of $100.96.
Ingersoll Rand (NYSE:IR - Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. The industrial products company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.90 by $0.06. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.84 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. On average, analysts anticipate that Ingersoll Rand will post 3.32 EPS for the current year.
Insider Buying and Selling at Ingersoll Rand
In other news, insider Vicente Reynal sold 118,044 shares of the firm's stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $94.11, for a total value of $11,109,120.84. Following the completion of the transaction, the insider owned 209,534 shares of the company's stock, valued at approximately $19,719,244.74. This trade represents a 36.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Kathleen M. Keene sold 12,000 shares of Ingersoll Rand stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $99.46, for a total transaction of $1,193,520.00. Following the completion of the transaction, the insider owned 3,528 shares of the company's stock, valued at $350,894.88. This trade represents a 77.28% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 584,771 shares of company stock valued at $54,976,547. Corporate insiders own 0.68% of the company's stock.
Institutional Trading of Ingersoll Rand
Large investors have recently modified their holdings of the stock. Deseret Mutual Benefit Administrators boosted its holdings in Ingersoll Rand by 46.9% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 112 shares during the period. Hilton Head Capital Partners LLC acquired a new stake in Ingersoll Rand in the 4th quarter valued at about $29,000. Reflection Asset Management purchased a new position in shares of Ingersoll Rand in the 4th quarter valued at about $31,000. Torren Management LLC purchased a new position in shares of Ingersoll Rand in the 4th quarter valued at about $32,000. Finally, Salomon & Ludwin LLC grew its position in shares of Ingersoll Rand by 166.9% during the fourth quarter. Salomon & Ludwin LLC now owns 427 shares of the industrial products company's stock worth $35,000 after buying 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
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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.
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