Robert W. Baird Lowers Ingersoll Rand (NYSE:IR) Price Target to $100.00

Ingersoll Rand (NYSE:IR) had its target price lowered by Robert W. Baird from $103.00 to $100.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird’s target price points to a potential upside of 31.00% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Citigroup reissued a “buy” rating and issued a $104.00 price target (up previously from $91.00) on shares of Ingersoll Rand in a research report on Monday, July 14th. Wells Fargo & Company increased their price target on Ingersoll Rand from $83.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. Morgan Stanley decreased their target price on Ingersoll Rand from $88.00 to $85.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 13th. Melius lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating and set a $93.00 price target for the company. in a research report on Monday, July 14th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ingersoll Rand in a research report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $97.82.

Ingersoll Rand Stock Performance

Shares of IR opened at $76.34 on Monday. Ingersoll Rand has a one year low of $65.61 and a one year high of $106.03. The company has a market cap of $30.34 billion, a PE ratio of 56.55, a P/E/G ratio of 4.55 and a beta of 1.43. The stock has a 50-day moving average of $79.84 and a 200-day moving average of $80.86. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.16 and a quick ratio of 1.51.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings results on Thursday, October 30th. The industrial products company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). Ingersoll Rand had a return on equity of 12.14% and a net margin of 7.31%.The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period last year, the company posted $0.84 earnings per share. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. Ingersoll Rand has set its FY 2025 guidance at 3.250-3.310 EPS. On average, equities research analysts predict that Ingersoll Rand will post 3.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Ingersoll Rand

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Ingersoll Rand by 1.9% in the second quarter. Vanguard Group Inc. now owns 47,128,533 shares of the industrial products company’s stock worth $3,920,151,000 after purchasing an additional 859,062 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Ingersoll Rand by 4.6% in the 1st quarter. JPMorgan Chase & Co. now owns 19,745,039 shares of the industrial products company’s stock worth $1,580,196,000 after purchasing an additional 866,759 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Ingersoll Rand by 10.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 19,198,593 shares of the industrial products company’s stock valued at $1,536,464,000 after acquiring an additional 1,849,030 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in Ingersoll Rand by 28.8% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 17,826,488 shares of the industrial products company’s stock worth $1,426,654,000 after purchasing an additional 3,989,643 shares during the period. Finally, State Street Corp increased its holdings in shares of Ingersoll Rand by 1.5% in the second quarter. State Street Corp now owns 16,514,718 shares of the industrial products company’s stock worth $1,373,694,000 after buying an additional 239,779 shares during the period. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Company Profile

Ingersoll Rand Inc provides various mission-critical air, gas, liquid, and solid flow creation technologies services and solutions worldwide. It operates through two segments, Industrial Technologies and Services, and Precision and Science Technologies. The Industrial Technologies and Services segment designs, manufactures, markets, and services air and gas compression, vacuum, and blower products; fluid transfer equipment and loading systems; and power tools and lifting equipment, including associated aftermarket parts, consumables, air treatment equipment, controls, other accessories, and services under the under the Ingersoll Rand, Gardner Denver, Nash, CompAir, Elmo Rietschle brands, etc.