Ingersoll Rand Inc. (NYSE:IR) Given Consensus Recommendation of “Hold” by Brokerages

Ingersoll Rand Inc. (NYSE:IR) has been assigned an average rating of “Hold” from the eleven brokerages that are covering the stock, Marketbeat.com reports. Seven investment 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 brokerages that have updated their coverage on the stock in the last year is $91.4444.

A number of brokerages have recently issued reports on IR. Wells Fargo & Company upped their target price on shares of Ingersoll Rand from $83.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Zacks Research upgraded Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. Robert W. Baird cut their price objective on Ingersoll Rand from $103.00 to $100.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. Stifel Nicolaus boosted their target price on Ingersoll Rand from $75.00 to $81.00 and gave the stock a “hold” rating in a report on Tuesday, December 16th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday, December 22nd.

Insider Buying and Selling at Ingersoll Rand

In related news, CAO Michael J. Scheske sold 1,477 shares of the business’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 completion of the sale, the chief accounting officer directly owned 12,153 shares in the company, valued at approximately $979,896.39. The trade was a 10.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.68% of the company’s stock.

Institutional Trading of Ingersoll Rand

A number of institutional investors and hedge funds have recently made changes to their positions in the company. NewSquare Capital LLC raised its holdings in Ingersoll Rand by 150.7% during the 2nd quarter. NewSquare Capital LLC now owns 341 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 205 shares during the last quarter. Grey Fox Wealth Advisors LLC acquired a new stake in Ingersoll Rand in the third quarter worth $36,000. Heartwood Wealth Advisors LLC bought a new stake in Ingersoll Rand in the third quarter valued at $36,000. Westside Investment Management Inc. raised its holdings in shares of Ingersoll Rand by 100.0% during the third quarter. Westside Investment Management Inc. now owns 464 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 232 shares during the period. Finally, ANTIPODES PARTNERS Ltd boosted its position in shares of Ingersoll Rand by 55.3% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 486 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 173 shares in the last quarter. Institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Price Performance

IR stock opened at $81.25 on Monday. The stock has a market cap of $32.10 billion, a PE ratio of 60.18, a price-to-earnings-growth ratio of 5.25 and a beta of 1.33. Ingersoll Rand has a 1 year low of $65.61 and a 1 year high of $95.85. The stock has a 50-day moving average price of $78.77 and a two-hundred day moving average price of $80.67. The company has a current ratio of 2.16, a quick ratio of 1.51 and a debt-to-equity ratio of 0.47.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings results on Thursday, October 30th. The industrial products company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.01). Ingersoll Rand had a return on equity of 12.14% and a net margin of 7.31%.The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the firm earned $0.84 earnings per share. The company’s quarterly 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. Equities analysts forecast that Ingersoll Rand will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

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

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.