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

Ingersoll Rand (NYSE:IR) had its target price lowered by stock analysts at Barclays from $111.00 to $100.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the industrial products company’s stock. Barclays‘s target price suggests a potential upside of 24.22% from the stock’s current price.

Several other research analysts have also recently issued reports on the company. Wells Fargo & Company lowered their price objective on Ingersoll Rand from $110.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday. Stifel Nicolaus raised their target price on Ingersoll Rand from $87.00 to $101.00 and gave the stock a “hold” rating in a research report on Tuesday, February 17th. Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a research note on Friday. Citigroup increased 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. Finally, Wall Street Zen raised shares of Ingersoll Rand from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Ingersoll Rand presently has a consensus rating of “Hold” and a consensus price target of $97.43.

Ingersoll Rand Stock Up 0.5%

Shares of IR traded up $0.38 during midday trading on Wednesday, reaching $80.50. The stock had a trading volume of 1,136,482 shares, compared to its average volume of 3,799,936. The company has a market cap of $31.53 billion, a price-to-earnings ratio of 55.50, a PEG ratio of 4.74 and a beta of 1.29. The company’s fifty day simple moving average is $89.41 and its two-hundred day simple moving average is $83.37. Ingersoll Rand has a 1-year low of $65.61 and a 1-year high of $100.96. 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 (NYSE:IR) last issued its earnings results on Thursday, February 12th. The industrial products company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. The firm had revenue of $2.09 billion during 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 was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.84 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Equities research analysts expect that Ingersoll Rand will post 3.32 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Vicente Reynal sold 118,044 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $94.11, for a total value of $11,109,120.84. Following the completion of the sale, the insider directly owned 209,534 shares of the company’s stock, valued at $19,719,244.74. This represents a 36.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vikram Kini sold 28,367 shares of the firm’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 transaction, the chief financial officer owned 98,517 shares in the company, valued at $9,506,890.50. This represents a 22.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 584,771 shares of company stock worth $54,976,547. Corporate insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Ingersoll Rand

Several large investors have recently modified their holdings of the company. Capital International Investors grew its position in shares of Ingersoll Rand by 4.7% during the fourth quarter. Capital International Investors now owns 52,353,914 shares of the industrial products company’s stock worth $4,147,878,000 after acquiring an additional 2,351,781 shares during the last quarter. Capital World Investors raised its position in Ingersoll Rand by 19.2% in the 3rd quarter. Capital World Investors now owns 31,787,657 shares of the industrial products company’s stock valued at $2,626,296,000 after purchasing an additional 5,110,668 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Ingersoll Rand by 18.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 21,791,309 shares of the industrial products company’s stock worth $1,726,308,000 after purchasing an additional 3,423,501 shares during the period. Capital Research Global Investors grew its position in Ingersoll Rand by 1.2% during the 4th quarter. Capital Research Global Investors now owns 19,476,801 shares of the industrial products company’s stock worth $1,543,017,000 after purchasing an additional 222,125 shares during the last quarter. Finally, State Street Corp grew its position in Ingersoll Rand by 1.5% during the 2nd quarter. State Street Corp now owns 16,514,718 shares of the industrial products company’s stock worth $1,373,694,000 after purchasing an additional 239,779 shares during the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.

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.