Ingersoll Rand Q2 Earnings Forecast Lifted by Zacks Research

Key Points

• Zacks Research raised its Q2 2028 EPS forecast for Ingersoll Rand to $1.00 from $0.99; analysts expect full-year earnings of $3.39 per share.
• Ingersoll Rand’s latest quarter exceeded expectations, with EPS of $0.86 versus $0.83 expected and revenue of $2.05 billion, up 8.5% year over year.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $96.14, compared with the stock’s reported price of $79.19.

Ingersoll Rand Inc. (NYSE:IR - Free Report) - Equities research analysts at Zacks Research increased their Q2 2028 earnings per share estimates for shares of Ingersoll Rand in a report issued on Tuesday, October 6th. Zacks Research analyst Team now expects that the industrial products company will earn $1.00 per share for the quarter, up from their previous estimate of $0.99. The consensus estimate for Ingersoll Rand's current full-year earnings is $3.39 per share.

Ingersoll Rand (NYSE:IR - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.03. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.96 billion. Ingersoll Rand had a return on equity of 12.90% and a net margin of 12.08%.The firm's revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.80 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS.

Several other analysts have also issued reports on the stock. Robert W. Baird boosted their price target on shares of Ingersoll Rand from $103.00 to $109.00 and gave the company an "outperform" rating in a research report on Monday, August 3rd. Weiss Ratings upgraded shares of Ingersoll Rand from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, July 21st. Wall Street Zen cut shares of Ingersoll Rand from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. Stifel Nicolaus upgraded Ingersoll Rand from a "hold" rating to a "buy" rating and set a $101.00 target price on the stock in a research report on Monday, August 3rd. Finally, Morgan Stanley set a $87.00 price target on Ingersoll Rand in a research report on Monday, August 10th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $96.14.

Ingersoll Rand Price Performance

Shares of NYSE:IR opened at $79.19 on Wednesday. The firm has a market capitalization of $30.73 billion, a PE ratio of 32.59, a P/E/G ratio of 3.27 and a beta of 1.15. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average price of $78.79 and a two-hundred day moving average price of $78.62. Ingersoll Rand has a twelve month low of $68.07 and a twelve month high of $100.96.

Ingersoll Rand Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th were paid a $0.02 dividend. 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 payout ratio is currently 3.29%.

Insider Activity at Ingersoll Rand

In related news, Director Aurobind Satpathy purchased 11,538 shares of the firm's stock in a transaction dated Monday, August 3rd. The shares were 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 represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IR. Envestnet Portfolio Solutions Inc. bought a new position in Ingersoll Rand in the second quarter valued at $225,000. Core Capital Management & Research inc. bought a new stake in Ingersoll Rand during the second quarter worth about $2,775,000. Tidal Investments LLC boosted its holdings in shares of Ingersoll Rand by 20.0% in the 2nd quarter. Tidal Investments LLC now owns 199,302 shares of the industrial products company's stock worth $16,341,000 after purchasing an additional 33,175 shares in the last quarter. MCF Advisors LLC boosted its holdings in shares of Ingersoll Rand by 50.4% in the 2nd quarter. MCF Advisors LLC now owns 9,985 shares of the industrial products company's stock worth $819,000 after purchasing an additional 3,346 shares in the last quarter. Finally, National Pension Service increased its position in shares of Ingersoll Rand by 10.8% during the 2nd quarter. National Pension Service now owns 639,205 shares of the industrial products company's stock valued at $52,408,000 after purchasing an additional 62,411 shares during the last quarter. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

About Ingersoll Rand

Ingersoll Rand Inc NYSE: IR is a global provider of mission-critical industrial technologies and solutions. The company serves businesses across manufacturing, energy, life sciences, food and beverage, transportation, and other industrial markets.

Its products and services include air compressors, vacuum and blower systems, fluid management equipment, industrial pumps, and related aftermarket parts and services. Ingersoll Rand also offers technologies used for material handling, power tools, and other specialized industrial applications through a portfolio of established brands, including Ingersoll Rand, Gardner Denver, CompAir, and Club Car.

The modern Ingersoll Rand was formed in 2020 through the combination of Gardner Denver and the industrial segment of the former Ingersoll-Rand plc.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.