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

Key Points

• Ingersoll Rand Inc. has received a consensus recommendation of "Moderate Buy" from twelve ratings firms, with an average price target set at $97.75.
• The company's quarterly earnings met consensus estimates with a reported $0.80 earnings per share and a revenue of $1.89 billion, exceeding analysts' expectations.
• Ingersoll Rand recently declared a quarterly dividend of $0.02 per share, indicating a modest yield of 0.1% and a dividend payout ratio of 6.25%.

Shares of Ingersoll Rand Inc. (NYSE:IR - Get Free Report) have earned an average recommendation of "Moderate Buy" from the twelve analysts that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $97.75.

A number of research analysts recently weighed in on the stock. Melius cut shares of Ingersoll Rand from a "buy" rating to a "hold" rating and set a $93.00 target price on the stock. in a research note on Monday, July 14th. Barclays decreased their price target on shares of Ingersoll Rand from $92.00 to $91.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. Robert W. Baird boosted their price target on shares of Ingersoll Rand from $97.00 to $103.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. Citigroup reiterated a "buy" rating and issued a $104.00 price target (up previously from $91.00) on shares of Ingersoll Rand in a research note on Monday, July 14th. Finally, Morgan Stanley decreased their price target on shares of Ingersoll Rand from $88.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 13th.

Ingersoll Rand Price Performance

Shares of IR traded up $0.25 during trading hours on Friday, reaching $81.78. 13,597,969 shares of the stock traded hands, compared to its average volume of 2,895,086. 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 has a 52-week low of $65.61 and a 52-week high of $106.03. The company's 50-day moving average price is $81.12 and its two-hundred day moving average price is $80.39. The company has a market cap of $32.50 billion, a P/E ratio of 63.89, a price-to-earnings-growth ratio of 4.60 and a beta of 1.40.

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

Ingersoll Rand Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th were issued a $0.02 dividend. The ex-dividend date was Thursday, August 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Ingersoll Rand's payout ratio is 6.25%.

Institutional Trading of Ingersoll Rand

A number of large investors have recently made changes to their positions in the business. Rathbones Group PLC increased its holdings in shares of Ingersoll Rand by 1.4% in the 1st quarter. Rathbones Group PLC now owns 9,044 shares of the industrial products company's stock worth $724,000 after buying an additional 121 shares during the last quarter. EP Wealth Advisors LLC grew its holdings in Ingersoll Rand by 2.4% during the 1st quarter. EP Wealth Advisors LLC now owns 5,918 shares of the industrial products company's stock valued at $474,000 after purchasing an additional 136 shares during the last quarter. Compass Wealth Management LLC grew its holdings in Ingersoll Rand by 62.8% during the 1st quarter. Compass Wealth Management LLC now owns 355 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 137 shares during the last quarter. AdvisorNet Financial Inc grew its holdings in Ingersoll Rand by 0.7% during the 2nd quarter. AdvisorNet Financial Inc now owns 18,708 shares of the industrial products company's stock valued at $1,556,000 after purchasing an additional 138 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC grew its holdings in Ingersoll Rand by 5.3% during the 1st quarter. Signature Estate & Investment Advisors LLC now owns 2,942 shares of the industrial products company's stock valued at $235,000 after purchasing an additional 147 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors.

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.