Ingersoll Rand Inc. (NYSE:IR) Receives Consensus Recommendation of “Hold” from Analysts

Ingersoll Rand Inc. (NYSE:IR) has earned an average rating of “Hold” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $101.8571.

Several equities research analysts recently issued reports on the stock. Robert W. Baird set a $115.00 target price on shares of Ingersoll Rand in a report on Tuesday, February 17th. Zacks Research raised shares of Ingersoll Rand from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Citigroup increased their price objective on shares of Ingersoll Rand from $94.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Wells Fargo & Company lifted their target price on shares of Ingersoll Rand from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Finally, Barclays raised their price target on Ingersoll Rand from $91.00 to $111.00 and gave the company an “overweight” rating in a report on Tuesday, February 17th.

Insiders Place Their Bets

In other news, insider Vicente Reynal sold 191,000 shares of the business’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $88.12, for a total value of $16,830,920.00. Following the transaction, the insider owned 193,186 shares of the company’s stock, valued at approximately $17,023,550.32. The trade was a 49.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kathleen M. Keene sold 12,000 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $99.46, for a total transaction of $1,193,520.00. Following the transaction, the insider directly owned 3,528 shares of the company’s stock, valued at $350,894.88. The trade was a 77.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 468,204 shares of company stock worth $43,986,517 over the last ninety days. 0.68% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ingersoll Rand

A number of hedge funds have recently made changes to their positions in IR. Nordea Investment Management AB raised its holdings in Ingersoll Rand by 12.3% in the third quarter. Nordea Investment Management AB now owns 2,018,638 shares of the industrial products company’s stock worth $165,811,000 after purchasing an additional 220,815 shares in the last quarter. National Pension Service grew its position in shares of Ingersoll Rand by 2.7% in the 3rd quarter. National Pension Service now owns 617,981 shares of the industrial products company’s stock worth $51,058,000 after buying an additional 16,084 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of Ingersoll Rand during the 2nd quarter worth approximately $8,375,000. Fisher Asset Management LLC lifted its position in Ingersoll Rand by 0.6% during the second quarter. Fisher Asset Management LLC now owns 6,913,924 shares of the industrial products company’s stock valued at $575,100,000 after acquiring an additional 38,999 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its stake in Ingersoll Rand by 79.0% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 28,411 shares of the industrial products company’s stock valued at $2,347,000 after acquiring an additional 12,539 shares in the last quarter. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingersoll Rand Trading Down 1.8%

Shares of IR stock opened at $93.87 on Tuesday. Ingersoll Rand has a 1 year low of $65.61 and a 1 year high of $100.96. The firm has a fifty day moving average price of $87.69 and a 200-day moving average price of $82.17. The company has a market cap of $36.76 billion, a price-to-earnings ratio of 64.74, a PEG ratio of 5.92 and a beta of 1.32. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.49.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings results on Thursday, February 12th. The industrial products company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.06. Ingersoll Rand had a return on equity of 12.62% and a net margin of 7.60%.The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the previous year, the company posted $0.84 earnings per share. Ingersoll Rand’s revenue for the quarter was up 10.1% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. As a group, equities analysts predict that Ingersoll Rand will post 3.32 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Wednesday, March 4th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, March 4th. Ingersoll Rand’s dividend payout ratio (DPR) is 5.52%.

Ingersoll Rand Company Profile

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.