Ingersoll Rand Inc. (NYSE:IR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Ingersoll Rand Inc. (NYSE:IR) has been given an average rating of “Moderate Buy” by the eight research firms that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $92.7143.

A number of research analysts have weighed in on IR shares. Wall Street Zen downgraded Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Morgan Stanley lowered their target price on Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 3rd. Stifel Nicolaus dropped their price target on Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating on the stock in a research report on Tuesday, April 14th. Barclays reduced their price target on Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Finally, Robert W. Baird set a $103.00 price objective on Ingersoll Rand in a report on Thursday, April 30th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of IR. Tema ETFs LLC boosted its stake in Ingersoll Rand by 3.1% during the second quarter. Tema ETFs LLC now owns 135,039 shares of the industrial products company’s stock worth $11,072,000 after acquiring an additional 4,064 shares in the last quarter. Handelsbanken Fonder AB increased its stake in shares of Ingersoll Rand by 77.0% during the second quarter. Handelsbanken Fonder AB now owns 6,405 shares of the industrial products company’s stock valued at $525,000 after purchasing an additional 2,786 shares in the last quarter. Allied Private Wealth LLC purchased a new position in shares of Ingersoll Rand during the second quarter valued at approximately $76,000. Wealth Science Advisors LLC boosted its position in shares of Ingersoll Rand by 63.0% in the 2nd quarter. Wealth Science Advisors LLC now owns 3,735 shares of the industrial products company’s stock worth $306,000 after purchasing an additional 1,444 shares in the last quarter. Finally, Czech National Bank grew its stake in shares of Ingersoll Rand by 4.6% in the 2nd quarter. Czech National Bank now owns 101,364 shares of the industrial products company’s stock worth $8,311,000 after buying an additional 4,430 shares during the last quarter. 95.27% of the stock is owned by hedge funds and other institutional investors.

Ingersoll Rand Trading Up 7.2%

Shares of IR opened at $84.81 on Friday. The firm’s 50-day moving average price is $75.38 and its 200-day moving average price is $82.55. The firm has a market capitalization of $33.19 billion, a price-to-earnings ratio of 57.30, a PEG ratio of 5.00 and a beta of 1.17. The company has a current ratio of 2.23, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47. Ingersoll Rand has a 1-year low of $68.07 and a 1-year high of $100.96.

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

Ingersoll Rand Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were given a $0.02 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Ingersoll Rand’s dividend payout ratio is currently 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.