Ingersoll Rand (NYSE:IR) Stock Price Expected to Rise, Robert W. Baird Analyst Says

by · The Markets Daily

Ingersoll Rand (NYSE:IR – Get Free Report) had its price target increased by equities researchers at Robert W. Baird from $103.00 to $109.00 in a report released on Monday,Benzinga reports. The firm presently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird’s target price would indicate a potential upside of 30.79% from the stock’s previous close.

IR has been the topic of several other research reports. Wall Street Zen cut Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Sunday. Evercore set a $84.00 price objective on Ingersoll Rand in a report on Monday, May 11th. Stifel Nicolaus decreased their price target on Ingersoll Rand from $85.00 to $84.00 and set a “hold” rating on the stock in a report on Monday, July 20th. Wells Fargo & Company cut their target price on shares of Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Finally, Morgan Stanley lowered their price target on shares of Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 3rd. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $92.71.

View Our Latest Stock Analysis on Ingersoll Rand

Ingersoll Rand Stock Performance

Ingersoll Rand stock opened at $83.34 on Monday. The stock has a fifty day moving average price of $78.03 and a two-hundred day moving average price of $82.66. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.62 and a quick ratio of 1.15. Ingersoll Rand has a 52-week low of $68.07 and a 52-week high of $100.96. The firm has a market capitalization of $32.61 billion, a P/E ratio of 34.30, a P/E/G ratio of 5.27 and a beta of 1.17.

Ingersoll Rand (NYSE:IR – Get Free Report) last announced its earnings results on Thursday, July 30th. The industrial products company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.83 by $0.03. Ingersoll Rand had a return on equity of 12.90% and a net margin of 12.08%.The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the previous year, the business earned $0.80 EPS. Ingersoll Rand’s revenue was up 8.5% compared to the same quarter last year. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. As a group, analysts anticipate that Ingersoll Rand will post 3.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp increased its holdings in Ingersoll Rand by 388.7% during the 1st quarter. Fifth Third Bancorp now owns 81,961 shares of the industrial products company’s stock worth $6,567,000 after purchasing an additional 65,189 shares in the last quarter. National Pension Service grew its holdings in shares of Ingersoll Rand by 3.0% during the fourth quarter. National Pension Service now owns 636,270 shares of the industrial products company’s stock worth $50,405,000 after buying an additional 18,289 shares in the last quarter. Strs Ohio raised its position in Ingersoll Rand by 11.2% in the 4th quarter. Strs Ohio now owns 237,624 shares of the industrial products company’s stock valued at $18,825,000 after buying an additional 23,974 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Ingersoll Rand by 4.4% in the 1st quarter. Hsbc Holdings PLC now owns 705,454 shares of the industrial products company’s stock valued at $56,415,000 after acquiring an additional 29,914 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Ingersoll Rand during the 4th quarter worth approximately $407,915,000. Institutional investors own 95.27% of the company’s stock.

About Ingersoll Rand

(Get Free Report)

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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