Zacks Research Predicts Lower Earnings for Ingersoll Rand

Ingersoll Rand Inc. (NYSE:IR - Free Report) - Investment analysts at Zacks Research cut their Q3 2026 earnings estimates for Ingersoll Rand in a research report issued on Wednesday, April 30th. Zacks Research analyst A. Bhattacharjee now expects that the industrial products company will post earnings per share of $0.90 for the quarter, down from their previous forecast of $0.94. The consensus estimate for Ingersoll Rand's current full-year earnings is $3.32 per share. Zacks Research also issued estimates for Ingersoll Rand's Q4 2026 earnings at $0.97 EPS, FY2026 earnings at $3.46 EPS and FY2027 earnings at $3.74 EPS.

Ingersoll Rand (NYSE:IR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.72 EPS for the quarter, missing analysts' consensus estimates of $0.74 by ($0.02). The company had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.73 billion. Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. The business's quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.78 EPS.

A number of other equities analysts have also recently commented on IR. Evercore ISI lowered their target price on Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating for the company in a report on Wednesday, February 19th. Wells Fargo & Company lifted their price target on shares of Ingersoll Rand from $80.00 to $86.00 and gave the stock an "overweight" rating in a research note on Monday. Barclays decreased their price target on shares of Ingersoll Rand from $93.00 to $85.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Stifel Nicolaus lowered their target price on shares of Ingersoll Rand from $94.00 to $77.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Finally, Citigroup boosted their target price on shares of Ingersoll Rand from $88.00 to $91.00 and gave the stock a "buy" rating in a research report on Monday. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $98.91.

Ingersoll Rand Trading Up 0.3 %

NYSE:IR traded up $0.24 during trading hours on Friday, reaching $76.97. 3,667,222 shares of the stock were exchanged, compared to its average volume of 2,592,235. Ingersoll Rand has a twelve month low of $65.61 and a twelve month high of $106.03. The company has a quick ratio of 1.71, a current ratio of 2.29 and a debt-to-equity ratio of 0.46. The business has a 50-day moving average of $77.57 and a two-hundred day moving average of $89.20. The company has a market capitalization of $31.02 billion, a price-to-earnings ratio of 37.36, a PEG ratio of 3.50 and a beta of 1.40.

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

Ingersoll Rand Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.10%. The ex-dividend date is Thursday, May 15th. Ingersoll Rand's dividend payout ratio (DPR) is currently 3.88%.

Hedge Funds Weigh In On Ingersoll Rand

A number of hedge funds have recently added to or reduced their stakes in IR. Vanguard Group Inc. grew its holdings in Ingersoll Rand by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 45,684,016 shares of the industrial products company's stock valued at $4,132,576,000 after purchasing an additional 446,591 shares during the last quarter. Capital International Investors grew its stake in Ingersoll Rand by 4.6% in the 4th quarter. Capital International Investors now owns 36,673,865 shares of the industrial products company's stock valued at $3,317,537,000 after buying an additional 1,606,363 shares during the last quarter. Capital World Investors raised its holdings in Ingersoll Rand by 1.0% in the 4th quarter. Capital World Investors now owns 20,088,857 shares of the industrial products company's stock worth $1,817,238,000 after acquiring an additional 197,711 shares during the period. JPMorgan Chase & Co. lifted its position in Ingersoll Rand by 3.6% during the 4th quarter. JPMorgan Chase & Co. now owns 18,878,280 shares of the industrial products company's stock worth $1,707,729,000 after acquiring an additional 649,102 shares during the last quarter. Finally, FMR LLC boosted its holdings in Ingersoll Rand by 8.2% during the fourth quarter. FMR LLC now owns 17,472,317 shares of the industrial products company's stock valued at $1,580,546,000 after acquiring an additional 1,320,223 shares during the period. Institutional investors and hedge funds own 95.27% of the company's stock.

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.