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

by · The Cerbat Gem

Ingersoll Rand (NYSE:IR – Free Report) had its price target reduced by Robert W. Baird from $103.00 to $100.00 in a report released on Monday, Marketbeat Ratings reports. Robert W. Baird currently has an outperform rating on the industrial products company’s stock.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings restated a “hold (c-)” rating on shares of Ingersoll Rand in a research report on Wednesday, October 8th. Stifel Nicolaus increased their price target on Ingersoll Rand from $78.00 to $79.00 and gave the stock a “hold” rating in a report on Monday, October 20th. Wells Fargo & Company increased their price target on Ingersoll Rand from $83.00 to $95.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Citigroup reiterated a “buy” rating and set a $104.00 price objective (up from $91.00) on shares of Ingersoll Rand in a report on Monday, July 14th. Finally, Melius Research set a $93.00 price target on Ingersoll Rand in a research report on Monday, July 14th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $96.64.

Read Our Latest Stock Analysis on Ingersoll Rand

Ingersoll Rand Price Performance

Shares of IR stock opened at $78.47 on Monday. The stock’s fifty day simple moving average is $79.64 and its 200 day simple moving average is $80.91. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.16 and a quick ratio of 1.51. The firm has a market cap of $31.00 billion, a price-to-earnings ratio of 58.12, a P/E/G ratio of 4.98 and a beta of 1.43. Ingersoll Rand has a one year low of $65.61 and a one year high of $106.03.

Ingersoll Rand (NYSE:IR – Get Free Report) last issued its quarterly earnings data on Thursday, October 30th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.01). Ingersoll Rand had a net margin of 7.31% and a return on equity of 12.14%. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the previous year, the firm posted $0.84 EPS. The company’s revenue for the quarter 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, analysts expect that Ingersoll Rand will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Thursday, November 13th. Ingersoll Rand’s dividend payout ratio (DPR) is 5.93%.

Hedge Funds Weigh In On Ingersoll Rand

A number of hedge funds have recently added to or reduced their stakes in the stock. Fullcircle Wealth LLC increased its stake in Ingersoll Rand by 7.1% during the 3rd quarter. Fullcircle Wealth LLC now owns 3,420 shares of the industrial products company’s stock worth $264,000 after acquiring an additional 226 shares during the period. Smartleaf Asset Management LLC increased its stake in Ingersoll Rand by 72.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,643 shares of the industrial products company’s stock worth $218,000 after acquiring an additional 1,112 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its stake in Ingersoll Rand by 79.0% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 28,411 shares of the industrial products company’s stock worth $2,347,000 after acquiring an additional 12,539 shares during the period. Hantz Financial Services Inc. increased its stake in Ingersoll Rand by 106.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 584 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 301 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in Ingersoll Rand by 3.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 282,175 shares of the industrial products company’s stock worth $23,313,000 after acquiring an additional 10,062 shares during the period. Institutional investors own 95.27% of the company’s stock.

About Ingersoll Rand

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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.

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