Zacks Research Expects Stronger Earnings for Ingersoll Rand

Ingersoll Rand Inc. (NYSE:IRFree Report) – Research analysts at Zacks Research upped their FY2027 earnings per share (EPS) estimates for Ingersoll Rand in a research report issued on Monday, July 20th. Zacks Research analyst Team now forecasts that the industrial products company will post earnings per share of $3.64 for the year, up from their previous forecast of $3.63. The consensus estimate for Ingersoll Rand’s current full-year earnings is $3.37 per share. Zacks Research also issued estimates for Ingersoll Rand’s Q4 2027 earnings at $1.06 EPS.

Several other research firms have also recently weighed in on IR. Stifel Nicolaus cut their price target on shares of Ingersoll Rand from $85.00 to $84.00 and set a “hold” rating on the stock in a report on Monday. Morgan Stanley dropped their target price on shares of Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 3rd. Evercore set a $84.00 target price on shares of Ingersoll Rand in a research note on Monday, May 11th. Wells Fargo & Company reduced their price target on shares of Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Finally, Weiss Ratings downgraded shares of Ingersoll Rand from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.86.

View Our Latest Research Report on Ingersoll Rand

Ingersoll Rand Price Performance

Shares of Ingersoll Rand stock opened at $83.72 on Tuesday. The business has a 50 day moving average of $76.03 and a 200 day moving average of $82.60. Ingersoll Rand has a 52 week low of $68.07 and a 52 week high of $100.96. The company has a market cap of $32.76 billion, a PE ratio of 56.57, a P/E/G ratio of 5.12 and a beta of 1.17. The company has a quick ratio of 1.59, a current ratio of 2.23 and a debt-to-equity ratio of 0.47.

Ingersoll Rand (NYSE:IRGet Free Report) last released its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.03. Ingersoll Rand had a return on equity of 12.79% and a net margin of 7.54%.The business had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter last year, the business posted $0.72 EPS. The business’s 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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Deseret Mutual Benefit Administrators boosted its stake in shares of Ingersoll Rand by 46.9% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 112 shares in the last quarter. Sumitomo Life Insurance Co. raised its stake in Ingersoll Rand by 0.7% in the fourth quarter. Sumitomo Life Insurance Co. now owns 21,284 shares of the industrial products company’s stock worth $1,686,000 after buying an additional 138 shares in the last quarter. Groupama Asset Managment lifted its holdings in Ingersoll Rand by 1.7% during the fourth quarter. Groupama Asset Managment now owns 8,146 shares of the industrial products company’s stock worth $645,000 after buying an additional 140 shares during the period. Andina Capital Management LLC boosted its position in Ingersoll Rand by 2.6% during the 4th quarter. Andina Capital Management LLC now owns 5,628 shares of the industrial products company’s stock valued at $446,000 after acquiring an additional 145 shares in the last quarter. Finally, Chicago Partners Investment Group LLC boosted its position in Ingersoll Rand by 6.4% during the 1st quarter. Chicago Partners Investment Group LLC now owns 2,658 shares of the industrial products company’s stock valued at $222,000 after acquiring an additional 160 shares in the last quarter. 95.27% of the stock is owned by hedge funds and other institutional investors.

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Ingersoll Rand Company Profile

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for Ingersoll Rand (NYSE:IR)

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