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

Shares of Ingersoll Rand Inc. (NYSE:IR) have earned a consensus recommendation of “Hold” from the nine analysts that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $93.3750.

A number of research firms have recently issued reports on IR. Wells Fargo & Company cut their target price on shares of Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Barclays cut their target price on shares of Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Citigroup cut their target price on shares of Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Evercore set a $84.00 target price on shares of Ingersoll Rand in a research note on Monday, May 11th. Finally, Stifel Nicolaus cut their target price on shares of Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th.

Insiders Place Their Bets

In other news, insider Vicente Reynal sold 30,492 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $88.00, for a total transaction of $2,683,296.00. Following the transaction, the insider directly owned 209,534 shares of the company’s stock, valued at approximately $18,438,992. This trade represents a 12.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.49% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Glenmede Trust Co. NA increased its holdings in shares of Ingersoll Rand by 1.3% during the first quarter. Glenmede Trust Co. NA now owns 40,162 shares of the industrial products company’s stock worth $3,218,000 after purchasing an additional 505 shares during the period. Axiom Investment Management LLC bought a new position in shares of Ingersoll Rand during the first quarter worth approximately $37,000. Groupama Asset Managment increased its holdings in shares of Ingersoll Rand by 4.2% during the first quarter. Groupama Asset Managment now owns 8,488 shares of the industrial products company’s stock worth $680,000 after purchasing an additional 342 shares during the period. Segall Bryant & Hamill LLC bought a new position in shares of Ingersoll Rand during the first quarter worth approximately $219,000. Finally, BankChampaign National Association bought a new position in shares of Ingersoll Rand during the first quarter worth approximately $485,000. 95.27% of the stock is owned by institutional investors.

Ingersoll Rand Stock Performance

NYSE IR opened at $70.93 on Thursday. The firm has a 50-day moving average of $79.12 and a 200-day moving average of $83.05. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 2.23. The stock has a market cap of $27.76 billion, a PE ratio of 47.93, a P/E/G ratio of 4.58 and a beta of 1.25. Ingersoll Rand has a 52-week low of $68.07 and a 52-week high of $100.96.

Ingersoll Rand (NYSE:IR) last posted its earnings results on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Ingersoll Rand had a net margin of 7.54% and a return on equity of 12.79%. Ingersoll Rand’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.72 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. On average, sell-side analysts anticipate that Ingersoll Rand will post 3.37 EPS for the current year.

Ingersoll Rand Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be paid a $0.02 dividend. The ex-dividend date is Thursday, May 14th. This represents a $0.08 annualized dividend and a yield of 0.1%. Ingersoll Rand’s payout ratio is 5.41%.

About Ingersoll Rand

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.