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

Key Points

• Analysts collectively rate Ingersoll Rand “Moderate Buy.” Five of eight analysts recommend buying the stock, while three advise holding it; the average 12-month price target is $96.14.
• Ingersoll Rand exceeded quarterly expectations, reporting $0.86 EPS versus $0.83 expected and $2.05 billion in revenue, up 8.5% year over year.
• The company declared a quarterly dividend of $0.02 per share, equivalent to an annualized $0.08 payout and a 0.1% yield; institutional investors own 95.27% of the stock.

Ingersoll Rand Inc. (NYSE:IR - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eight ratings firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $96.1429.

A number of brokerages have issued reports on IR. Wall Street Zen cut shares of Ingersoll Rand from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. Robert W. Baird boosted their price target on Ingersoll Rand from $103.00 to $109.00 and gave the stock an "outperform" rating in a report on Monday, August 3rd. Wells Fargo & Company cut their price objective on shares of Ingersoll Rand from $90.00 to $88.00 and set an "overweight" rating for the company in a research report on Thursday, April 30th. Stifel Nicolaus upgraded Ingersoll Rand from a "hold" rating to a "buy" rating and set a $101.00 target price on the stock in a research report on Monday, August 3rd. Finally, Morgan Stanley set a $87.00 price target on shares of Ingersoll Rand in a research note on Monday.

Ingersoll Rand Stock Performance

NYSE:IR opened at $86.53 on Tuesday. The stock has a market capitalization of $33.57 billion, a P/E ratio of 35.61, a price-to-earnings-growth ratio of 5.48 and a beta of 1.17. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.40. Ingersoll Rand has a 1 year low of $68.07 and a 1 year high of $100.96. The firm has a 50 day moving average of $80.04 and a 200-day moving average of $82.72.

Ingersoll Rand (NYSE:IR - Get Free Report) last announced 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. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.96 billion. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. The business's revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.80 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. As a group, sell-side analysts anticipate that Ingersoll Rand will post 3.38 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be given a dividend of $0.02 per share. 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 payout ratio is 3.29%.

Insiders Place Their Bets

In other Ingersoll Rand news, Director Aurobind Satpathy purchased 11,538 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The stock was purchased at an average cost of $86.68 per share, with a total value of $1,000,113.84. Following the transaction, the director 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.49% of the company's stock.

Hedge Funds Weigh In On Ingersoll Rand

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tocqueville Asset Management L.P. purchased a new position in shares of Ingersoll Rand in the second quarter valued at $278,000. West Family Investments Inc. acquired a new position in Ingersoll Rand in the second quarter worth about $217,000. NewEdge Wealth LLC bought a new stake in shares of Ingersoll Rand in the 2nd quarter valued at approximately $385,000. Danica Pension Livsforsikringsaktieselskab bought a new stake in Ingersoll Rand during the second quarter valued at $8,633,000. Finally, Danske Bank A S bought a new stake in shares of Ingersoll Rand during the 2nd quarter valued at about $16,513,000. Hedge funds and other institutional investors own 95.27% of the company's stock.

Ingersoll Rand Company Profile

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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