Brokerages Set Ingersoll Rand Inc. (NYSE:IR) PT at $97.75

Key Points

• Ingersoll Rand Inc. (NYSE:IR) has a consensus rating of "Hold" from thirteen research firms, with seven holding and six recommending a buy.
• The average 12-month price target among analysts for Ingersoll Rand is $97.75, with recent reports from Citigroup increasing their price target to $104.00.
• Ingersoll Rand recently declared a $0.02 quarterly dividend and initiated a $1.00 billion share buyback program, indicating confidence in the company's valuation.

Ingersoll Rand Inc. (NYSE:IR - Get Free Report) has been given an average rating of "Hold" by the thirteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $97.75.

A number of equities research analysts have weighed in on the stock. Melius Research set a $93.00 target price on shares of Ingersoll Rand in a report on Monday, July 14th. Citigroup reaffirmed a "buy" rating and issued a $104.00 price objective (up from $91.00) on shares of Ingersoll Rand in a research note on Monday, July 14th. Stifel Nicolaus set a $78.00 price objective on shares of Ingersoll Rand and gave the company a "hold" rating in a research note on Monday, August 4th. Wells Fargo & Company boosted their price target on shares of Ingersoll Rand from $86.00 to $95.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Finally, Barclays cut their price target on shares of Ingersoll Rand from $92.00 to $91.00 and set an "overweight" rating on the stock in a report on Monday, August 4th.

Institutional Investors Weigh In On Ingersoll Rand

Hedge funds have recently bought and sold shares of the stock. Orion Porfolio Solutions LLC boosted its stake in shares of Ingersoll Rand by 13.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 16,060 shares of the industrial products company's stock valued at $1,336,000 after purchasing an additional 1,878 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Ingersoll Rand by 5.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 191,531 shares of the industrial products company's stock worth $15,931,000 after purchasing an additional 10,467 shares during the period. MASTERINVEST Kapitalanlage GmbH purchased a new position in shares of Ingersoll Rand in the second quarter valued at about $1,516,000. BLVD Private Wealth LLC bought a new stake in shares of Ingersoll Rand during the 2nd quarter valued at about $7,340,000. Finally, Liontrust Investment Partners LLP purchased a new stake in Ingersoll Rand in the second quarter worth about $81,628,000. 95.27% of the stock is currently owned by institutional investors.

Ingersoll Rand Price Performance

Shares of NYSE:IR traded down $0.39 during midday trading on Tuesday, hitting $80.74. The stock had a trading volume of 1,693,181 shares, compared to its average volume of 3,548,566. The company's 50-day moving average price is $83.01 and its 200-day moving average price is $81.18. The company has a market capitalization of $32.09 billion, a P/E ratio of 63.08, a price-to-earnings-growth ratio of 4.58 and a beta of 1.41. The company has a quick ratio of 1.63, a current ratio of 2.29 and a debt-to-equity ratio of 0.47. Ingersoll Rand has a fifty-two week low of $65.61 and a fifty-two week high of $106.03.

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

Ingersoll Rand Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid a $0.02 dividend. The ex-dividend date is Thursday, August 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand's dividend payout ratio (DPR) is presently 6.25%.

Ingersoll Rand declared that its board has authorized a stock repurchase program on Thursday, May 1st that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the industrial products company to buy up to 3.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.

About Ingersoll Rand

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.