Stifel Nicolaus Forecasts Strong Price Appreciation for Ingersoll Rand (NYSE:IR) Stock

Ingersoll Rand (NYSE:IR) had its price target hoisted by research analysts at Stifel Nicolaus from $87.00 to $101.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the industrial products company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 1.40% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Robert W. Baird set a $115.00 price target on Ingersoll Rand in a report on Tuesday. Citigroup raised their target price 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. Barclays increased their price objective on Ingersoll Rand from $91.00 to $111.00 and gave the company an “overweight” rating in a research note on Tuesday. Wells Fargo & Company raised their price objective on Ingersoll Rand from $92.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a research note on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $100.50.

Ingersoll Rand Stock Up 1.1%

IR stock traded up $1.09 during mid-day trading on Tuesday, reaching $99.61. The company had a trading volume of 1,255,951 shares, compared to its average volume of 4,368,978. The firm has a fifty day simple moving average of $86.18 and a 200 day simple moving average of $81.48. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.49 and a current ratio of 2.06. The company has a market capitalization of $39.36 billion, a price-to-earnings ratio of 68.68, a price-to-earnings-growth ratio of 6.12 and a beta of 1.32. Ingersoll Rand has a fifty-two week low of $65.61 and a fifty-two week high of $100.96.

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

Insider Buying and Selling at Ingersoll Rand

In other news, insider Vicente Reynal sold 191,000 shares of Ingersoll Rand stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $88.12, for a total value of $16,830,920.00. Following the transaction, the insider directly owned 193,186 shares in the company, valued at approximately $17,023,550.32. The trade was a 49.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Michael J. Scheske sold 1,477 shares of the company’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 transaction, the chief accounting officer 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 disclosure for this sale is available in the SEC filing. Insiders have sold 292,917 shares of company stock worth $26,747,912 over the last three months. Company insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Ingersoll Rand

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Capital International Investors increased its position in shares of Ingersoll Rand by 18.5% in the third quarter. Capital International Investors now owns 50,002,133 shares of the industrial products company’s stock valued at $4,131,157,000 after acquiring an additional 7,816,194 shares during the last quarter. Norges Bank acquired a new position in shares of Ingersoll Rand during the 4th quarter worth approximately $407,915,000. Capital World Investors raised its stake in shares of Ingersoll Rand by 19.2% during the 3rd quarter. Capital World Investors now owns 31,787,657 shares of the industrial products company’s stock worth $2,626,296,000 after purchasing an additional 5,110,668 shares in the last quarter. Capital Research Global Investors boosted its holdings in shares of Ingersoll Rand by 14.3% in the 3rd quarter. Capital Research Global Investors now owns 19,254,676 shares of the industrial products company’s stock valued at $1,590,818,000 after buying an additional 2,406,183 shares during the last quarter. Finally, Swedbank AB grew its stake in shares of Ingersoll Rand by 72.4% in the fourth quarter. Swedbank AB now owns 3,878,349 shares of the industrial products company’s stock valued at $307,243,000 after buying an additional 1,628,996 shares in the last quarter. 95.27% of the stock is owned by institutional investors.

About Ingersoll Rand

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.