Ingersoll Rand Inc. (NYSE:IR) Receives Average Rating of “Hold” from Brokerages

Ingersoll Rand Inc. (NYSE:IR) has been given an average recommendation of “Hold” by the ten ratings firms that are presently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $91.3750.

A number of research firms have issued reports on IR. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday, December 29th. Citigroup increased their price target on shares of Ingersoll Rand from $94.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Robert W. Baird dropped their price objective on shares of Ingersoll Rand from $103.00 to $100.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Stifel Nicolaus raised their target price on shares of Ingersoll Rand from $75.00 to $81.00 and gave the company a “hold” rating in a research note on Tuesday, December 16th. Finally, Wells Fargo & Company boosted their price target on Ingersoll Rand from $87.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th.

Insiders Place Their Bets

In other Ingersoll Rand news, CAO Michael J. Scheske sold 1,477 shares of Ingersoll Rand stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $80.63, for a total value of $119,090.51. Following the completion of the transaction, the chief accounting officer directly owned 12,153 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this link. Also, insider Vicente Reynal sold 191,000 shares of the company’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $88.12, for a total transaction of $16,830,920.00. Following the completion of the transaction, the insider owned 193,186 shares in the company, valued at approximately $17,023,550.32. This represents a 49.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.59% of the company’s stock.

Hedge Funds Weigh In On Ingersoll Rand

A number of hedge funds have recently added to or reduced their stakes in the company. Vontobel Holding Ltd. boosted its stake in 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 purchasing an additional 130 shares during the last quarter. Whittier Trust Co. lifted its holdings in shares of Ingersoll Rand by 8.5% during the third quarter. Whittier Trust Co. now owns 1,668 shares of the industrial products company’s stock valued at $140,000 after purchasing an additional 131 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Ingersoll Rand by 14.2% during the second quarter. Parkside Financial Bank & Trust now owns 1,206 shares of the industrial products company’s stock valued at $100,000 after buying an additional 150 shares during the last quarter. AE Wealth Management LLC increased its holdings in Ingersoll Rand by 5.5% in the 2nd quarter. AE Wealth Management LLC now owns 2,916 shares of the industrial products company’s stock worth $243,000 after buying an additional 151 shares in the last quarter. Finally, Golden State Equity Partners raised its position in Ingersoll Rand by 5.1% in the 3rd quarter. Golden State Equity Partners now owns 3,212 shares of the industrial products company’s stock worth $265,000 after buying an additional 155 shares during the last quarter. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingersoll Rand Price Performance

Shares of NYSE IR opened at $87.59 on Friday. Ingersoll Rand has a 1 year low of $65.61 and a 1 year high of $95.85. The stock has a market capitalization of $34.61 billion, a P/E ratio of 64.88, a P/E/G ratio of 5.67 and a beta of 1.33. The company’s 50-day moving average is $81.08 and its 200 day moving average is $80.84. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.16 and a quick ratio of 1.51.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings data 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 firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the firm posted $0.84 earnings per share. The business’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. On average, sell-side analysts expect that Ingersoll Rand will post 3.32 earnings per share for the current year.

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.