Ingersoll Rand Inc. (NYSE:IR – Get Free Report) has been given an average rating of “Moderate Buy” by the eight brokerages that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $96.14.
IR has been the topic of a number of recent research reports. Robert W. Baird boosted their price objective on Ingersoll Rand from $103.00 to $109.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Stifel Nicolaus upgraded Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 price target on the stock in a report on Monday, August 3rd. Morgan Stanley set a $87.00 price target on shares of Ingersoll Rand in a research report on Monday, August 10th. Weiss Ratings raised shares of Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. Finally, Wall Street Zen cut shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd.
Check Out Our Latest Stock Report on Ingersoll Rand
Ingersoll Rand Trading Up 0.2%
IR opened at $76.56 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.62 and a quick ratio of 1.15. The company’s 50 day simple moving average is $79.57 and its two-hundred day simple moving average is $78.82. Ingersoll Rand has a 1-year low of $68.07 and a 1-year high of $100.96. The firm has a market capitalization of $29.70 billion, a price-to-earnings ratio of 31.51, a price-to-earnings-growth ratio of 4.80 and a beta of 1.15.
Ingersoll Rand (NYSE:IR – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the business earned $0.80 earnings per share. The business’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. Analysts expect that Ingersoll Rand will post 3.39 EPS for the current fiscal year.
Ingersoll Rand Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date was Thursday, August 13th. Ingersoll Rand’s payout ratio is presently 3.29%.
Insider Buying and Selling at Ingersoll Rand
In other news, Director Aurobind Satpathy purchased 11,538 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was acquired at an average price of $86.68 per share, for a total transaction of $1,000,113.84. Following the acquisition, the director directly owned 11,538 shares of the company’s stock, valued at approximately $1,000,113.84. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.49% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp boosted its position in shares of Ingersoll Rand by 388.7% during the first quarter. Fifth Third Bancorp now owns 81,961 shares of the industrial products company’s stock worth $6,567,000 after buying an additional 65,189 shares during the period. Norges Bank purchased a new stake in shares of Ingersoll Rand in the 4th quarter valued at $407,915,000. Hsbc Holdings PLC raised its holdings in shares of 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 buying an additional 29,914 shares during the period. Pinebridge Investments LLC acquired a new position in Ingersoll Rand during the 4th quarter worth about $5,016,000. Finally, T. Rowe Price Investment Management Inc. lifted 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 acquiring an additional 3,423,501 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.
About Ingersoll Rand
Ingersoll Rand Inc NYSE: IR is a global provider of mission-critical industrial technologies and solutions. The company serves businesses across manufacturing, energy, life sciences, food and beverage, transportation, and other industrial markets.
Its products and services include air compressors, vacuum and blower systems, fluid management equipment, industrial pumps, and related aftermarket parts and services. Ingersoll Rand also offers technologies used for material handling, power tools, and other specialized industrial applications through a portfolio of established brands, including Ingersoll Rand, Gardner Denver, CompAir, and Club Car.
The modern Ingersoll Rand was formed in 2020 through the combination of Gardner Denver and the industrial segment of the former Ingersoll-Rand plc.
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