Analysts’ Recent Ratings Updates for Ingersoll Rand (IR)

A number of research firms have changed their ratings and price targets for Ingersoll Rand (NYSE: IR):

• 4/8/2024 – Ingersoll Rand had its price target raised by analysts at Citigroup Inc. from $105.00 to $112.00. They now have a “buy” rating on the stock.
• 4/7/2024 – Ingersoll Rand was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 4/2/2024 – Ingersoll Rand had its price target raised by analysts at Barclays PLC from $101.00 to $105.00. They now have an “overweight” rating on the stock.
• 3/30/2024 – Ingersoll Rand was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 3/26/2024 – Ingersoll Rand had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $102.00 price target on the stock.
• 3/22/2024 – Ingersoll Rand was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 3/14/2024 – Ingersoll Rand was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 3/12/2024 – Ingersoll Rand is now covered by analysts at BNP Paribas. They set a “neutral” rating and a $92.00 price target on the stock.
• 3/6/2024 – Ingersoll Rand was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 2/27/2024 – Ingersoll Rand was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 2/21/2024 – Ingersoll Rand had its price target raised by analysts at The Goldman Sachs Group, Inc. from $87.00 to $97.00. They now have a “buy” rating on the stock.
• 2/20/2024 – Ingersoll Rand had its price target raised by analysts at Wells Fargo & Company from $83.00 to $100.00. They now have an “overweight” rating on the stock.
• 2/20/2024 – Ingersoll Rand was downgraded by analysts at Evercore ISI from an “outperform” rating to an “in-line” rating. They now have a $89.00 price target on the stock, up previously from $81.00.
• 2/19/2024 – Ingersoll Rand was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 2/16/2024 – Ingersoll Rand had its price target raised by analysts at Cfra from $68.00 to $85.00. They now have a “hold” rating on the stock.

Ingersoll Rand Price Performance

IR opened at $92.99 on Thursday. The business’s 50-day moving average is $90.32 and its two-hundred day moving average is $77.46. Ingersoll Rand Inc. has a 1 year low of $53.24 and a 1 year high of $96.17. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.22 and a quick ratio of 1.67. The firm has a market capitalization of $37.52 billion, a PE ratio of 48.94, a price-to-earnings-growth ratio of 3.27 and a beta of 1.44.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings results on Thursday, February 15th. The industrial products company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.09. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.76 billion. Ingersoll Rand had a return on equity of 12.24% and a net margin of 11.32%. Research analysts anticipate that Ingersoll Rand Inc. will post 3.1 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date of this dividend was Wednesday, March 6th. Ingersoll Rand’s dividend payout ratio (DPR) is 4.21%.

Insider Buying and Selling

In related news, insider Andrew R. Schiesl sold 35,000 shares of Ingersoll Rand stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $89.46, for a total transaction of $3,131,100.00. Following the completion of the sale, the insider now owns 16,525 shares of the company’s stock, valued at $1,478,326.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Andrew R. Schiesl sold 35,000 shares of Ingersoll Rand stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $89.46, for a total transaction of $3,131,100.00. Following the completion of the sale, the insider now owns 16,525 shares of the company’s stock, valued at $1,478,326.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vicente Reynal sold 240,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $90.16, for a total value of $21,638,400.00. Following the completion of the transaction, the insider now directly owns 91,957 shares of the company’s stock, valued at $8,290,843.12. The disclosure for this sale can be found here. Insiders sold 293,011 shares of company stock valued at $26,374,789 over the last quarter. 0.83% of the stock is currently owned by company insiders.

Institutional Trading of Ingersoll Rand

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Buckingham Capital Management Inc. purchased a new stake in shares of Ingersoll Rand in the first quarter valued at approximately $661,000. Park Avenue Securities LLC increased its position in shares of Ingersoll Rand by 12.2% in the first quarter. Park Avenue Securities LLC now owns 3,551 shares of the industrial products company’s stock valued at $337,000 after buying an additional 387 shares in the last quarter. Wedmont Private Capital increased its position in shares of Ingersoll Rand by 9.9% in the first quarter. Wedmont Private Capital now owns 5,076 shares of the industrial products company’s stock valued at $475,000 after buying an additional 459 shares in the last quarter. Czech National Bank increased its position in shares of Ingersoll Rand by 0.5% in the first quarter. Czech National Bank now owns 71,250 shares of the industrial products company’s stock valued at $6,765,000 after buying an additional 353 shares in the last quarter. Finally, Fulton Bank N.A. increased its position in shares of Ingersoll Rand by 20.0% in the first quarter. Fulton Bank N.A. now owns 4,733 shares of the industrial products company’s stock valued at $449,000 after buying an additional 789 shares in the last quarter. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingersoll Rand Inc provides various mission-critical air, gas, liquid, and solid flow creation technologies services and solutions worldwide. It operates through two segments, Industrial Technologies and Services, and Precision and Science Technologies. The Industrial Technologies and Services segment designs, manufactures, markets, and services air and gas compression, vacuum, and blower products; fluid transfer equipment and loading systems; and power tools and lifting equipment, including associated aftermarket parts, consumables, air treatment equipment, controls, other accessories, and services under the under the Ingersoll Rand, Gardner Denver, Nash, CompAir, Elmo Rietschle brands, etc.