Ingersoll Rand Inc. (NYSE:IR) Given Average Recommendation of “Moderate Buy” by Analysts

Ingersoll Rand Inc. (NYSE:IR) has been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $96.1429.

Several research analysts have recently commented on IR shares. Morgan Stanley set a $87.00 target price on Ingersoll Rand in a research report on Monday, August 10th. Robert W. Baird raised 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 raised shares of Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a report on Monday, August 3rd. 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 downgraded shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd.

Insider Transactions at Ingersoll Rand

In related news, Director Aurobind Satpathy bought 11,538 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was bought at an average cost of $86.68 per share, for a total transaction of $1,000,113.84. Following the completion of the purchase, the director directly owned 11,538 shares in the company, valued at approximately $1,000,113.84. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.49% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp boosted its stake in shares of Ingersoll Rand by 388.7% during the 1st quarter. Fifth Third Bancorp now owns 81,961 shares of the industrial products company’s stock worth $6,567,000 after acquiring an additional 65,189 shares in the last quarter. National Pension Service raised its position in shares of Ingersoll Rand by 3.0% during the fourth quarter. National Pension Service now owns 636,270 shares of the industrial products company’s stock worth $50,405,000 after purchasing an additional 18,289 shares during the period. Norges Bank purchased a new stake in shares of Ingersoll Rand during the fourth quarter valued at $407,915,000. Hsbc Holdings PLC lifted its holdings in shares of Ingersoll Rand by 4.4% during the first quarter. Hsbc Holdings PLC now owns 705,454 shares of the industrial products company’s stock valued at $56,415,000 after purchasing an additional 29,914 shares during the last quarter. Finally, Pinebridge Investments LLC acquired a new position in shares of Ingersoll Rand in the 4th quarter valued at $5,016,000. 95.27% of the stock is currently owned by institutional investors.

Ingersoll Rand Stock Performance

Shares of IR stock opened at $73.70 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.15 and a current ratio of 1.62. Ingersoll Rand has a one year low of $68.07 and a one year high of $100.96. The company’s 50-day simple moving average is $81.29 and its 200-day simple moving average is $80.55. The stock has a market capitalization of $28.59 billion, a price-to-earnings ratio of 30.33, a PEG ratio of 4.72 and a beta of 1.15.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.03. Ingersoll Rand had a return on equity of 12.90% and a net margin of 12.08%.The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the company earned $0.80 earnings per share. Ingersoll Rand’s quarterly revenue was up 8.5% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. Equities analysts anticipate that Ingersoll Rand will post 3.39 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 13th were paid a dividend of $0.02 per share. The ex-dividend date was Thursday, August 13th. This represents a $0.08 annualized dividend and a yield of 0.1%. Ingersoll Rand’s dividend payout ratio is 3.29%.

Ingersoll Rand Company Profile

Ingersoll Rand Inc (NYSE:IR) is a global industrial company that provides mission-critical equipment, technologies and services for managing air, gas and fluids. Its offerings are used in manufacturing, energy, transportation, food and beverage, life sciences, chemical processing and other industrial applications.

The company’s products include compressors, vacuum and blower systems, air treatment equipment, pumps, fluid-handling systems, power tools and related aftermarket parts and services.