Ingersoll Rand Inc. (NYSE:IR) Given Average Rating of “Hold” by Brokerages

Shares of Ingersoll Rand Inc. (NYSE:IR) have been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $91.4444.

Several brokerages have recently issued reports on IR. Robert W. Baird decreased their price objective on Ingersoll Rand from $103.00 to $100.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a research report on Monday. Wells Fargo & Company upped their price target on shares of Ingersoll Rand from $83.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Stifel Nicolaus lifted their price objective on shares of Ingersoll Rand from $75.00 to $81.00 and gave the stock a “hold” rating in a research note on Tuesday, December 16th. Finally, Citigroup upped their target price on shares of Ingersoll Rand from $91.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, December 8th.

Insider Activity

In other news, CAO Michael J. Scheske sold 1,477 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $80.63, for a total value of $119,090.51. Following the completion of the sale, the chief accounting officer directly owned 12,153 shares of the company’s stock, valued at $979,896.39. This trade represents a 10.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.59% of the stock is owned by insiders.

Institutional Trading of Ingersoll Rand

Several hedge funds and other institutional investors have recently bought and sold shares of IR. CreativeOne Wealth LLC raised its stake in shares of Ingersoll Rand by 39.1% in the first quarter. CreativeOne Wealth LLC now owns 5,824 shares of the industrial products company’s stock valued at $466,000 after acquiring an additional 1,637 shares during the period. State of Wyoming grew its holdings in Ingersoll Rand by 75.1% during the 1st quarter. State of Wyoming now owns 1,380 shares of the industrial products company’s stock valued at $110,000 after purchasing an additional 592 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Ingersoll Rand by 142.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 239,904 shares of the industrial products company’s stock worth $19,200,000 after purchasing an additional 140,795 shares during the period. Vident Advisory LLC lifted its stake in Ingersoll Rand by 292.4% in the first quarter. Vident Advisory LLC now owns 39,235 shares of the industrial products company’s stock worth $3,140,000 after purchasing an additional 29,236 shares during the last quarter. Finally, EP Wealth Advisors LLC boosted its position in shares of Ingersoll Rand by 2.4% during the first quarter. EP Wealth Advisors LLC now owns 5,918 shares of the industrial products company’s stock valued at $474,000 after buying an additional 136 shares during the period. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Stock Up 0.7%

IR opened at $79.75 on Monday. The company has a market capitalization of $31.51 billion, a PE ratio of 59.07, a price-to-earnings-growth ratio of 4.79 and a beta of 1.33. The firm has a 50-day simple moving average of $78.84 and a two-hundred day simple moving average of $80.63. The company has a quick ratio of 1.51, a current ratio of 2.16 and a debt-to-equity ratio of 0.47. Ingersoll Rand has a 52 week low of $65.61 and a 52 week high of $95.85.

Ingersoll Rand (NYSE:IR) last issued its earnings results 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 return on equity of 12.14% and a net margin of 7.31%.The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the firm posted $0.84 earnings per share. 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. Analysts forecast 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 was paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th were given a dividend of $0.02 per share. The ex-dividend date was Thursday, November 13th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Ingersoll Rand’s dividend payout ratio is 5.93%.

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.