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

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%.

Ingersoll Rand Inc. (NYSE:IR - Get Free Report) has received an average recommendation of "Moderate Buy" from the twelve ratings firms that are covering the company, MarketBeat Ratings 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 1-year price target among brokers that have issued a report on the stock in the last year is $97.75.

IR has been the subject of several research reports. Stifel Nicolaus set a $78.00 target price on Ingersoll Rand and gave the stock a "hold" rating in a research report on Monday, August 4th. Citigroup reaffirmed a "buy" rating and set a $104.00 target price (up previously from $91.00) on shares of Ingersoll Rand in a research note on Monday, July 14th. Morgan Stanley decreased their target price on Ingersoll Rand from $88.00 to $85.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 13th. Wells Fargo & Company lifted their price target on Ingersoll Rand from $86.00 to $95.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Finally, Melius cut Ingersoll Rand from a "buy" rating to a "hold" rating and set a $93.00 price objective for the company. in a research report on Monday, July 14th.

Ingersoll Rand Price Performance

Shares of NYSE:IR traded up $0.07 on Friday, hitting $81.87. The company had a trading volume of 149,457 shares, compared to its average volume of 3,015,440. 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 business has a 50 day moving average of $81.00 and a 200 day moving average of $80.34. The company has a market cap of $32.54 billion, a PE ratio of 64.06, a PEG 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, 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 firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the business posted $0.83 earnings per share. The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. As a group, equities analysts anticipate that Ingersoll Rand will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

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

Institutional Investors Weigh In On Ingersoll Rand

Several large investors have recently modified their holdings of IR. State of Wyoming acquired a new position in Ingersoll Rand during the 4th quarter worth $71,000. Vident Advisory LLC raised its stake in Ingersoll Rand by 10.0% during the 4th quarter. Vident Advisory LLC now owns 9,999 shares of the industrial products company's stock worth $905,000 after buying an additional 910 shares during the period. Voloridge Investment Management LLC acquired a new stake in Ingersoll Rand during the 4th quarter worth $7,764,000. Vise Technologies Inc. increased its holdings in Ingersoll Rand by 77.7% during the 4th quarter. Vise Technologies Inc. now owns 4,772 shares of the industrial products company's stock worth $432,000 after purchasing an additional 2,086 shares in the last quarter. Finally, Toronto Dominion Bank increased its holdings in Ingersoll Rand by 0.6% during the 4th quarter. Toronto Dominion Bank now owns 136,862 shares of the industrial products company's stock worth $12,380,000 after purchasing an additional 866 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors.

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.