Brokerages Set Ingersoll Rand Inc. (NYSE:IR) Price Target at $93.38

Shares of Ingersoll Rand Inc. (NYSE:IR) have been assigned a consensus rating of “Hold” from the nine ratings firms that are presently covering the firm, MarketBeat reports. Five equities 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 objective among brokers that have issued ratings on the stock in the last year is $92.75.

Several research analysts have recently issued reports on IR shares. Morgan Stanley dropped their price objective on shares of Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating on the stock in a report on Wednesday. Evercore set a $84.00 price objective on shares of Ingersoll Rand in a report on Monday, May 11th. Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a report on Friday, March 27th. Stifel Nicolaus decreased their target price on shares of Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating on the stock in a research report on Tuesday, April 14th. Finally, Citigroup decreased their target price on shares of Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th.

Insider Buying and Selling at Ingersoll Rand

In other Ingersoll Rand news, insider Vicente Reynal sold 30,492 shares of the company’s stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $88.00, for a total transaction of $2,683,296.00. Following the sale, the insider directly owned 209,534 shares of the company’s stock, valued at approximately $18,438,992. This represents a 12.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.49% of the company’s stock.

Institutional Trading of Ingersoll Rand

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

Ingersoll Rand Stock Performance

Shares of IR opened at $70.16 on Thursday. The company has a market capitalization of $27.46 billion, a PE ratio of 47.41, a price-to-earnings-growth ratio of 4.53 and a beta of 1.19. Ingersoll Rand has a one year low of $68.07 and a one year high of $100.96. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.23 and a quick ratio of 1.59. The company’s fifty day moving average price is $78.00 and its 200 day moving average price is $82.83.

Ingersoll Rand (NYSE:IR) last announced its earnings results on Tuesday, April 28th. The industrial products company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.74 by $0.03. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.83 billion. Ingersoll Rand had a net margin of 7.54% and a return on equity of 12.79%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. As a group, analysts expect that Ingersoll Rand will post 3.37 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Thursday, May 14th. Ingersoll Rand’s payout ratio is 5.41%.

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.