Ingersoll Rand (NYSE:IR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Ingersoll Rand (NYSE:IR) from a hold rating to a buy rating in a report issued on Saturday morning.

Several other analysts also recently issued reports on the company. Wells Fargo & Company upped their price objective on Ingersoll Rand from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Stifel Nicolaus boosted their target price on shares of Ingersoll Rand from $87.00 to $101.00 and gave the company a “hold” rating in a research note on Tuesday, February 17th. Barclays upped their target price on shares of Ingersoll Rand from $91.00 to $111.00 and gave the company an “overweight” rating in a report on Tuesday, February 17th. Robert W. Baird set a $115.00 price target on shares of Ingersoll Rand in a research note on Tuesday, February 17th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $101.86.

Ingersoll Rand Trading Up 2.1%

Shares of IR opened at $83.85 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.49. The firm has a 50 day simple moving average of $90.32 and a 200-day simple moving average of $83.21. Ingersoll Rand has a 1-year low of $65.61 and a 1-year high of $100.96. The stock has a market cap of $32.84 billion, a price-to-earnings ratio of 57.82, a price-to-earnings-growth ratio of 5.07 and a beta of 1.29.

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

Ingersoll Rand Dividend Announcement

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

Insider Activity at Ingersoll Rand

In other news, insider Kathleen M. Keene sold 12,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $99.46, for a total transaction of $1,193,520.00. Following the completion of the sale, the insider directly owned 3,528 shares in the company, valued at $350,894.88. This represents a 77.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Vikram Kini sold 28,367 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $96.50, for a total value of $2,737,415.50. Following the completion of the transaction, the chief financial officer directly owned 98,517 shares in the company, valued at $9,506,890.50. This trade represents a 22.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 584,771 shares of company stock valued at $54,976,547 over the last 90 days. 0.59% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ingersoll Rand

Several institutional investors and hedge funds have recently added to or reduced their stakes in IR. Deseret Mutual Benefit Administrators lifted its stake in shares of Ingersoll Rand by 46.9% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 112 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new stake in Ingersoll Rand during the 4th quarter worth approximately $29,000. Reflection Asset Management acquired a new stake in Ingersoll Rand during the 4th quarter worth approximately $31,000. Torren Management LLC purchased a new position in Ingersoll Rand in the fourth quarter valued at approximately $32,000. Finally, Salomon & Ludwin LLC raised its holdings in Ingersoll Rand by 166.9% in the fourth quarter. Salomon & Ludwin LLC now owns 427 shares of the industrial products company’s stock valued at $35,000 after buying an additional 267 shares during the period. 95.27% of the stock is currently owned by institutional investors and hedge funds.

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.