Zacks Research Raises Earnings Estimates for Ingersoll Rand

Key Points

• Zacks Research raised Ingersoll Rand’s FY2027 EPS estimate to $3.66 from $3.65, above the current full-year consensus estimate of $3.39.
• 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.
• The stock carries a “Moderate Buy” consensus rating from analysts, with an average price target of $96.14, compared with its recent opening price of $77.13.

Ingersoll Rand Inc. (NYSE:IR - Free Report) - Zacks Research increased their FY2027 EPS estimates for Ingersoll Rand in a research note issued on Monday, August 31st. Zacks Research analyst Team now forecasts that the industrial products company will post earnings per share of $3.66 for the year, up from their prior estimate of $3.65. The consensus estimate for Ingersoll Rand's current full-year earnings is $3.39 per share. Zacks Research also issued estimates for Ingersoll Rand's Q4 2027 earnings at $1.08 EPS and Q2 2028 earnings at $0.99 EPS.

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

Several other brokerages have also recently weighed in on IR. Evercore set a $84.00 price objective on Ingersoll Rand in a research note on Monday, May 11th. Robert W. Baird raised their price objective on Ingersoll Rand from $103.00 to $109.00 and gave the company an "outperform" rating in a research note on Monday, August 3rd. Wall Street Zen cut Ingersoll Rand from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. Weiss Ratings raised Ingersoll Rand from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, July 21st. Finally, Morgan Stanley set a $87.00 price target on Ingersoll Rand in a report on Monday, August 10th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $96.14.

Ingersoll Rand Stock Performance

Ingersoll Rand stock opened at $77.13 on Tuesday. 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 twelve month low of $68.07 and a twelve month high of $100.96. The company's 50-day moving average price is $82.00 and its 200-day moving average price is $81.64. The company has a market cap of $29.93 billion, a PE ratio of 31.74, a price-to-earnings-growth ratio of 4.94 and a beta of 1.17.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Bell Investment Advisors Inc purchased a new stake in shares of Ingersoll Rand in the second quarter worth approximately $26,000. Continuum Advisory LLC purchased a new position in Ingersoll Rand during the 2nd quarter valued at $27,000. Deseret Mutual Benefit Administrators grew its position in Ingersoll Rand by 46.9% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 112 shares during the last quarter. Hilton Head Capital Partners LLC bought a new position in Ingersoll Rand in the 4th quarter valued at $29,000. Finally, Reflection Asset Management purchased a new stake in Ingersoll Rand in the fourth quarter worth $31,000. Institutional investors own 95.27% of the company's stock.

Insiders Place Their Bets

In other news, Director Aurobind Satpathy acquired 11,538 shares of the firm's stock in a transaction on Monday, August 3rd. The stock was acquired at an average price of $86.68 per share, with a total value of $1,000,113.84. Following the completion of the purchase, the director directly owned 11,538 shares in the company, valued at approximately $1,000,113.84. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.49% of the stock is owned by company insiders.

Ingersoll Rand Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be given 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 is Thursday, August 13th. Ingersoll Rand's dividend payout ratio is 3.29%.

About Ingersoll Rand

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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