Ingersoll Rand Inc. (NYSE:IR) Stock Has Average Price Target of $95.00 According to Brokerages

Key Points

• Analysts maintain a Moderate Buy consensus on Ingersoll Rand, with five buy ratings and three holds. The average 12-month price target is $95, above the stock’s reported opening price of $73.50.
• Ingersoll Rand exceeded quarterly expectations, reporting $0.86 EPS versus an $0.83 estimate and $2.05 billion in revenue, up 8.5% year over year.
• The company declared a quarterly dividend of $0.02 per share, equivalent to a 0.1% yield, while institutional investors own a substantial 95.27% of outstanding shares.

Shares of Ingersoll Rand Inc. (NYSE:IR - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eight ratings firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $95.00.

A number of equities analysts have issued reports on the stock. Stifel Nicolaus set a $93.00 price target on shares of Ingersoll Rand in a research report on Monday, October 19th. Wall Street Zen downgraded shares of Ingersoll Rand from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. Morgan Stanley set a $87.00 price objective on shares of Ingersoll Rand in a research note on Monday, August 10th. Weiss Ratings reissued a "hold (c)" rating on shares of Ingersoll Rand in a report on Monday, October 19th. Finally, Citigroup restated a "buy" rating on shares of Ingersoll Rand in a research report on Monday, October 12th.

Ingersoll Rand Stock Performance

IR opened at $73.50 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 0.40. 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 $28.52 billion, a P/E ratio of 30.25, a price-to-earnings-growth ratio of 3.04 and a beta of 1.15. The firm's 50-day moving average price is $76.59 and its 200-day moving average price is $78.37.

Ingersoll Rand (NYSE:IR - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.83 by $0.03. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the previous year, the firm posted $0.80 earnings per share. The business's revenue for the quarter was up 8.5% compared to the same quarter last year. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. As a group, equities analysts anticipate that Ingersoll Rand will post 3.41 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 12th will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, November 12th. Ingersoll Rand's dividend payout ratio (DPR) is 3.29%.

Insiders Place Their Bets

In related news, Director Aurobind Satpathy purchased 11,538 shares of Ingersoll Rand stock in a transaction that occurred on Monday, August 3rd. The stock was bought at an average cost of $86.68 per share, for a total transaction of $1,000,113.84. Following the completion of the transaction, the director owned 11,538 shares in the company, valued at $1,000,113.84. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.49% of the company's stock.

Institutional Investors Weigh In On Ingersoll Rand

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Ingersoll Rand in the 2nd quarter valued at $2,484,319,000. Jupiter Topco LLC acquired a new stake in Ingersoll Rand during the second quarter valued at $547,628,000. Janus Henderson Group PLC grew its position in Ingersoll Rand by 2.3% during the first quarter. Janus Henderson Group PLC now owns 6,576,720 shares of the industrial products company's stock valued at $526,926,000 after buying an additional 146,450 shares during the period. Bank of New York Mellon Corp purchased a new position in Ingersoll Rand in the second quarter valued at $328,309,000. Finally, Amundi increased its holdings in Ingersoll Rand by 19.3% in the second quarter. Amundi now owns 3,282,920 shares of the industrial products company's stock valued at $269,175,000 after buying an additional 531,095 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company's stock.

Ingersoll Rand Company Profile

Ingersoll Rand Inc NYSE: IR is a global provider of mission-critical industrial technologies and solutions. The company designs and manufactures equipment used to manage air, gas, fluids, and other industrial processes, serving customers in manufacturing, energy, food and beverage, life sciences, transportation, and other markets.

Its portfolio includes air compressors, vacuum and blower systems, fluid-handling equipment, pumps, dosing and dispensing systems, and related aftermarket parts and services.

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