Ingersoll Rand Inc. (NYSE:IR) Receives $93.38 Average PT from Analysts

by · The Cerbat Gem

Ingersoll Rand Inc. (NYSE:IR – Get Free Report) has received an average rating of “Hold” from the nine research firms that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $93.3750.

IR has been the topic of a number of research reports. Barclays lowered their price objective on shares of Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Stifel Nicolaus lowered their price objective on shares of Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating on the stock in a research note on Tuesday, April 14th. Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a report on Friday, March 27th. Wells Fargo & Company reduced their target price on shares of Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Finally, Wall Street Zen lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Saturday, April 11th.

Get Our Latest Report on Ingersoll Rand

Insider Transactions at Ingersoll Rand

In other Ingersoll Rand news, insider Vicente Reynal sold 118,044 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $94.11, for a total value of $11,109,120.84. Following the transaction, the insider directly owned 209,534 shares in the company, valued at approximately $19,719,244.74. This represents a 36.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Deseret Mutual Benefit Administrators lifted its holdings in shares of Ingersoll Rand by 46.9% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 112 shares during the period. Hilton Head Capital Partners LLC purchased a new position in Ingersoll Rand in the fourth quarter valued at approximately $29,000. Reflection Asset Management purchased a new position in Ingersoll Rand in the fourth quarter valued at approximately $31,000. Torren Management LLC purchased a new position in Ingersoll Rand in the fourth quarter valued at approximately $32,000. Finally, Salomon & Ludwin LLC raised its holdings in Ingersoll Rand by 166.9% in the fourth quarter. Salomon & Ludwin LLC now owns 427 shares of the industrial products company’s stock valued at $35,000 after buying an additional 267 shares during the period. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingersoll Rand Stock Performance

NYSE:IR opened at $71.68 on Thursday. 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 has a fifty-two week low of $68.07 and a fifty-two week high of $100.96. The stock has a market cap of $28.05 billion, a PE ratio of 48.43, a price-to-earnings-growth ratio of 4.53 and a beta of 1.25. The firm’s fifty day simple moving average is $78.65 and its 200-day simple moving average is $82.92.

Ingersoll Rand (NYSE:IR – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. The firm had revenue of $1.85 billion for 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%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.72 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Analysts expect that Ingersoll Rand will post 3.37 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

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

About Ingersoll Rand

(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.

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