Zacks Research Comments on Ingersoll Rand Inc.'s FY2025 Earnings (NYSE:IR)

Ingersoll Rand Inc. (NYSE:IR - Free Report) - Research analysts at Zacks Research increased their FY2025 earnings estimates for shares of Ingersoll Rand in a research note issued to investors on Wednesday, April 3rd. Zacks Research analyst S. Roy now expects that the industrial products company will earn $3.28 per share for the year, up from their previous forecast of $3.27. The consensus estimate for Ingersoll Rand's current full-year earnings is $3.11 per share.

A number of other equities analysts also recently commented on IR. Wells Fargo & Company upped their price objective on shares of Ingersoll Rand from $83.00 to $100.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 20th. StockNews.com downgraded shares of Ingersoll Rand from a "buy" rating to a "hold" rating in a research report on Saturday, March 30th. Stifel Nicolaus restated a "buy" rating and set a $102.00 price objective on shares of Ingersoll Rand in a research report on Tuesday, March 26th. Barclays increased their price target on shares of Ingersoll Rand from $101.00 to $105.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, Citigroup increased their price target on shares of Ingersoll Rand from $79.00 to $86.00 and gave the company a "buy" rating in a report on Monday, December 11th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, Ingersoll Rand has an average rating of "Moderate Buy" and a consensus target price of $87.50.

Ingersoll Rand Stock Performance

Ingersoll Rand stock traded up $2.51 during trading hours on Friday, reaching $94.81. 2,109,874 shares of the stock were exchanged, compared to its average volume of 2,556,569. The stock has a market cap of $38.25 billion, a P/E ratio of 49.92, a P/E/G ratio of 3.34 and a beta of 1.44. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.67 and a current ratio of 2.22. Ingersoll Rand has a 52-week low of $53.24 and a 52-week high of $96.17. The firm's 50 day moving average is $89.22 and its 200 day moving average is $76.58.

Ingersoll Rand (NYSE:IR - Get Free Report) last released its quarterly earnings results on Thursday, February 15th. The industrial products company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.74 by $0.09. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.76 billion. Ingersoll Rand had a net margin of 11.32% and a return on equity of 12.24%.

Institutional Investors Weigh In On Ingersoll Rand

A number of hedge funds and other institutional investors have recently modified their holdings of IR. OFI Invest Asset Management bought a new stake in Ingersoll Rand in the third quarter worth about $25,000. ANTIPODES PARTNERS Ltd bought a new stake in Ingersoll Rand in the fourth quarter worth about $27,000. Pacifica Partners Inc. bought a new stake in Ingersoll Rand in the third quarter worth about $28,000. Quintet Private Bank Europe S.A. bought a new stake in Ingersoll Rand in the third quarter worth about $28,000. Finally, Kapitalo Investimentos Ltda bought a new stake in Ingersoll Rand in the fourth quarter worth about $28,000. 95.27% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Michael J. Scheske sold 7,590 shares of the business's stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $88.00, for a total transaction of $667,920.00. Following the completion of the transaction, the chief accounting officer now owns 9,715 shares of the company's stock, valued at $854,920. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Andrew R. Schiesl sold 10,421 shares of Ingersoll Rand stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $89.95, for a total transaction of $937,368.95. Following the sale, the insider now directly owns 48,904 shares in the company, valued at $4,398,914.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Michael J. Scheske sold 7,590 shares of Ingersoll Rand stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $88.00, for a total transaction of $667,920.00. Following the sale, the chief accounting officer now owns 9,715 shares in the company, valued at $854,920. The disclosure for this sale can be found here. Over the last quarter, insiders sold 293,011 shares of company stock valued at $26,374,789. 0.83% of the stock is currently owned by company insiders.

Ingersoll Rand Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.08%. The ex-dividend date was Wednesday, March 6th. Ingersoll Rand's dividend payout ratio (DPR) is 4.21%.

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.