Ingersoll Rand Inc. (NYSE:IR) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Ingersoll Rand Inc. has been given a consensus rating of "Moderate Buy" from analysts, with an average 12-month target price of $98.00.
• Institutional investors own 95.27% of Ingersoll Rand's stock, with significant stake increases from firms like Vanguard Group and T. Rowe Price.
• The company recently reported $0.80 earnings per share for the last quarter, meeting consensus estimates and achieving a year-over-year revenue growth of 4.6%.

Shares of Ingersoll Rand Inc. (NYSE:IR - Get Free Report) have received a consensus rating of "Moderate Buy" from the twelve brokerages that are covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $98.00.

IR has been the subject of a number of research reports. Melius cut shares of Ingersoll Rand from a "buy" rating to a "hold" rating and set a $93.00 target price for the company. in a research note on Monday, July 14th. Wells Fargo & Company lifted their price objective on Ingersoll Rand from $83.00 to $95.00 and gave the stock an "overweight" rating in a report on Monday, October 6th. Melius Research set a $93.00 price objective on Ingersoll Rand in a research note on Monday, July 14th. Morgan Stanley cut their price objective on Ingersoll Rand from $88.00 to $85.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 13th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Ingersoll Rand in a research note on Wednesday, October 8th.

Institutional Trading of Ingersoll Rand

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Ingersoll Rand by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 47,128,533 shares of the industrial products company's stock valued at $3,920,151,000 after acquiring an additional 859,062 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Ingersoll Rand by 4.6% during the 1st quarter. JPMorgan Chase & Co. now owns 19,745,039 shares of the industrial products company's stock valued at $1,580,196,000 after acquiring an additional 866,759 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Ingersoll Rand by 10.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,198,593 shares of the industrial products company's stock valued at $1,536,464,000 after acquiring an additional 1,849,030 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in Ingersoll Rand by 28.8% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 17,826,488 shares of the industrial products company's stock valued at $1,426,654,000 after acquiring an additional 3,989,643 shares in the last quarter. Finally, State Street Corp grew its stake in Ingersoll Rand by 1.5% during the 2nd quarter. State Street Corp now owns 16,514,718 shares of the industrial products company's stock valued at $1,373,694,000 after acquiring an additional 239,779 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company's stock.

Ingersoll Rand Stock Up 1.5%

Shares of IR opened at $77.25 on Wednesday. The firm has a market cap of $30.70 billion, a P/E ratio of 60.35, a PEG ratio of 4.49 and a beta of 1.43. Ingersoll Rand has a 12 month low of $65.61 and a 12 month high of $106.03. The stock's 50 day moving average is $79.82 and its two-hundred day moving average is $80.26. The company has a current ratio of 2.29, a quick ratio of 1.63 and a debt-to-equity ratio of 0.47.

Ingersoll Rand (NYSE:IR - Get Free Report) last announced its earnings results on Thursday, July 31st. The industrial products company reported $0.80 earnings per share for the quarter, hitting the consensus estimate of $0.80. Ingersoll Rand had a return on equity of 12.12% and a net margin of 7.10%.The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the company posted $0.83 EPS. The business's quarterly revenue was up 4.6% on a year-over-year basis. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. Analysts predict that Ingersoll Rand will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date was Thursday, August 14th. Ingersoll Rand's payout ratio is 6.25%.

Ingersoll Rand Company Profile

Ingersoll Rand Inc provides various mission-critical air, gas, liquid, and solid flow creation technologies services and solutions worldwide. It operates through two segments, Industrial Technologies and Services, and Precision and Science Technologies. The Industrial Technologies and Services segment designs, manufactures, markets, and services air and gas compression, vacuum, and blower products; fluid transfer equipment and loading systems; and power tools and lifting equipment, including associated aftermarket parts, consumables, air treatment equipment, controls, other accessories, and services under the under the Ingersoll Rand, Gardner Denver, Nash, CompAir, Elmo Rietschle brands, etc.

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