Ingersoll Rand (NYSE:IR) Given New $109.00 Price Target at Citigroup

Ingersoll Rand (NYSE:IR) had its target price reduced by Citigroup from $113.00 to $109.00 in a research note released on Thursday,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

A number of other research firms have also issued reports on IR. Barclays lowered their target price on Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday. Robert W. Baird set a $103.00 price objective on shares of Ingersoll Rand in a research report on Thursday. Wall Street Zen lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a research note on Friday, March 27th. Finally, Wells Fargo & Company dropped their price target on shares of Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating on the stock in a research note on Thursday. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Ingersoll Rand has an average rating of “Hold” and an average target price of $94.71.

Ingersoll Rand Price Performance

Ingersoll Rand stock opened at $79.99 on Thursday. The firm has a fifty day moving average of $84.96 and a 200-day moving average of $83.63. Ingersoll Rand has a 52-week low of $72.45 and a 52-week high of $100.96. The company has a quick ratio of 1.49, a current ratio of 2.23 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $31.33 billion, a P/E ratio of 54.05, a PEG ratio of 4.85 and a beta of 1.33.

Ingersoll Rand (NYSE:IR) last posted its earnings results on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.03. Ingersoll Rand had a net margin of 7.54% and a return on equity of 12.79%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the previous year, the business posted $0.72 EPS. The business’s quarterly revenue was up 7.6% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. As a group, analysts predict that Ingersoll Rand will post 3.4 EPS for the current year.

Ingersoll Rand Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be given a dividend of $0.02 per share. The ex-dividend date is Thursday, May 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand’s dividend payout ratio is currently 5.41%.

Insider Transactions at Ingersoll Rand

In related news, Director John Humphrey sold 4,300 shares of Ingersoll Rand stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $95.90, for a total value of $412,370.00. Following the sale, the director directly owned 23,983 shares in the company, valued at $2,299,969.70. This trade represents a 15.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Vicente Reynal sold 30,492 shares of Ingersoll Rand stock in a transaction on Monday, April 13th. The shares were sold at an average price of $88.00, for a total value of $2,683,296.00. Following the sale, the insider directly owned 209,534 shares in the company, valued at $18,438,992. The trade was a 12.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 424,263 shares of company stock worth $40,828,923 over the last 90 days. Corporate insiders own 0.59% of the company’s stock.

Institutional Investors Weigh In On Ingersoll Rand

Institutional investors have recently bought and sold shares of the stock. Deseret Mutual Benefit Administrators increased its stake in Ingersoll Rand by 46.9% during the 4th 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 period. Hilton Head Capital Partners LLC acquired a new stake in shares of Ingersoll Rand in the 4th quarter worth approximately $29,000. Reflection Asset Management bought a new position in shares of Ingersoll Rand in the fourth quarter valued at approximately $31,000. Torren Management LLC acquired a new position in shares of Ingersoll Rand during the fourth quarter valued at approximately $32,000. Finally, Salomon & Ludwin LLC increased its stake 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 valued at $35,000 after acquiring an additional 267 shares during the period. Institutional investors and hedge funds own 95.27% of the company’s stock.

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.