Shares of Ingersoll Rand Inc. (NYSE:IR - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eight brokerages that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $96.1429.
Several brokerages have recently commented on IR. Wall Street Zen downgraded Ingersoll Rand from a "buy" rating to a "hold" rating in a research note on Sunday, August 2nd. Morgan Stanley set a $87.00 target price on shares of Ingersoll Rand in a research note on Monday, August 10th. Robert W. Baird lifted their target price on shares of Ingersoll Rand from $103.00 to $109.00 and gave the stock an "outperform" rating in a report on Monday, August 3rd. Evercore set a $84.00 price target on Ingersoll Rand in a research note on Monday, May 11th. Finally, Stifel Nicolaus raised Ingersoll Rand from a "hold" rating to a "buy" rating and set a $101.00 price objective on the stock in a report on Monday, August 3rd.
View Our Latest Stock Report on IR
Ingersoll Rand Price Performance
NYSE IR opened at $76.34 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.15 and a current ratio of 1.62. The stock has a market cap of $29.62 billion, a price-to-earnings ratio of 31.42, a PEG ratio of 4.74 and a beta of 1.15. The business has a 50 day simple moving average of $81.66 and a 200 day simple moving average of $81.15. Ingersoll Rand has a 52-week low of $68.07 and a 52-week high of $100.96.
Ingersoll Rand (NYSE:IR - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.03. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.96 billion. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. The business's revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. Analysts anticipate that Ingersoll Rand will post 3.39 earnings per share for the current fiscal year.
Ingersoll Rand Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 13th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, August 13th. Ingersoll Rand's dividend payout ratio (DPR) is currently 3.29%.
Insiders Place Their Bets
In other Ingersoll Rand news, Director Aurobind Satpathy acquired 11,538 shares of the business's stock in a transaction on Monday, August 3rd. The stock was purchased at an average price of $86.68 per share, with a total value of $1,000,113.84. Following the acquisition, the director directly owned 11,538 shares of the company's stock, valued at approximately $1,000,113.84. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.49% of the stock is owned by company insiders.
Institutional Investors Weigh In On Ingersoll Rand
Large investors have recently added to or reduced their stakes in the stock. Capital International Investors lifted its position in shares of Ingersoll Rand by 4.7% during the 4th quarter. Capital International Investors now owns 52,353,914 shares of the industrial products company's stock valued at $4,147,878,000 after acquiring an additional 2,351,781 shares during the period. California State Teachers Retirement System boosted its holdings in shares of Ingersoll Rand by 6,908.7% in the 2nd quarter. California State Teachers Retirement System now owns 44,276,076 shares of the industrial products company's stock valued at $3,630,195,000 after purchasing an additional 43,644,342 shares in the last quarter. BlackRock Inc. bought a new position in shares of Ingersoll Rand in the 2nd quarter valued at $2,484,319,000. T. Rowe Price Investment Management Inc. raised its holdings in shares of Ingersoll Rand by 18.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 21,791,309 shares of the industrial products company's stock worth $1,726,308,000 after buying an additional 3,423,501 shares in the last quarter. Finally, Capital Research Global Investors lifted its position in shares of Ingersoll Rand by 1.2% during the 4th quarter. Capital Research Global Investors now owns 19,476,801 shares of the industrial products company's stock worth $1,543,017,000 after buying an additional 222,125 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company's stock.
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.
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