Zacks Research Predicts Lower Earnings for Ingersoll Rand

Ingersoll Rand Inc. (NYSE:IR) – Zacks Research cut their FY2027 earnings per share (EPS) estimates for Ingersoll Rand in a research note issued to investors on Wednesday, December 10th. Zacks Research analyst Team now forecasts that the industrial products company will post earnings of $3.68 per share for the year, down from their previous estimate of $3.69. Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for Ingersoll Rand’s current full-year earnings is $3.32 per share.

Other research analysts also recently issued reports about the stock. Citigroup raised their price objective on shares of Ingersoll Rand from $91.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, December 8th. Stifel Nicolaus lifted their price target on Ingersoll Rand from $78.00 to $79.00 and gave the company a “hold” rating in a research report on Monday, October 20th. Robert W. Baird dropped their price objective on Ingersoll Rand from $103.00 to $100.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday, December 8th. Finally, Wells Fargo & Company increased their price target on shares of Ingersoll Rand from $83.00 to $95.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $91.22.

Ingersoll Rand Price Performance

Shares of NYSE:IR opened at $81.74 on Friday. The company has a 50-day moving average price of $78.35 and a two-hundred day moving average price of $80.82. Ingersoll Rand has a twelve month low of $65.61 and a twelve month high of $102.04. The company has a quick ratio of 1.51, a current ratio of 2.16 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $32.30 billion, a PE ratio of 60.55, a P/E/G ratio of 5.28 and a beta of 1.33.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings results on Thursday, October 30th. The industrial products company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.01). Ingersoll Rand had a net margin of 7.31% and a return on equity of 12.14%. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the business posted $0.84 EPS. Ingersoll Rand’s revenue was up 5.1% compared to the same quarter last year. Ingersoll Rand has set its FY 2025 guidance at 3.250-3.310 EPS.

Hedge Funds Weigh In On Ingersoll Rand

Several hedge funds and other institutional investors have recently bought and sold shares of IR. Rathbones Group PLC boosted its holdings in Ingersoll Rand by 1.4% in the first quarter. Rathbones Group PLC now owns 9,044 shares of the industrial products company’s stock worth $724,000 after purchasing an additional 121 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Ingersoll Rand by 2.1% during the 3rd quarter. Vontobel Holding Ltd. now owns 6,242 shares of the industrial products company’s stock valued at $516,000 after buying an additional 130 shares during the period. Whittier Trust Co. boosted its stake in shares of Ingersoll Rand by 8.5% in the 3rd quarter. Whittier Trust Co. now owns 1,668 shares of the industrial products company’s stock worth $140,000 after buying an additional 131 shares during the last quarter. EP Wealth Advisors LLC grew its holdings in shares of Ingersoll Rand by 2.4% in the first quarter. EP Wealth Advisors LLC now owns 5,918 shares of the industrial products company’s stock worth $474,000 after acquiring an additional 136 shares during the period. Finally, AdvisorNet Financial Inc increased its position in Ingersoll Rand by 0.7% during the second quarter. AdvisorNet Financial Inc now owns 18,708 shares of the industrial products company’s stock valued at $1,556,000 after acquiring an additional 138 shares during the last quarter. Institutional investors own 95.27% of the company’s stock.

Insider Activity at Ingersoll Rand

In related news, CAO Michael J. Scheske sold 1,477 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $80.63, for a total value of $119,090.51. Following the sale, the chief accounting officer owned 12,153 shares in the company, valued at $979,896.39. This represents a 10.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.59% of the stock is currently owned by corporate insiders.

Ingersoll Rand Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, November 13th. Ingersoll Rand’s payout ratio is currently 5.93%.

Ingersoll Rand Company Profile

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.