Ingersoll Rand (NYSE:IR) Share Price Breaks Above 200-Day Moving Average - Here's What Happened

Key Points

• Ingersoll Rand shares broke above their 200-day moving average, reaching $79.83 before last trading at approximately $77.76. The stock’s 200-day average was $78.44.
• Analyst sentiment remains generally positive, with five Buy ratings and three Holds. The stock carries a “Moderate Buy” consensus rating and an average price target of $96.14.
• The company reported quarterly EPS of $0.86, beating estimates by $0.03, while revenue rose 8.5% year over year to $2.05 billion. Ingersoll Rand also declared a quarterly dividend of $0.02 per share.

Shares of Ingersoll Rand Inc. (NYSE:IR - Get Free Report) passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $78.44 and traded as high as $79.83. Ingersoll Rand shares last traded at $77.7580, with a volume of 4,499,999 shares trading hands.

Wall Street Analyst Weigh In

IR has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of Ingersoll Rand from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, July 21st. Stifel Nicolaus upgraded shares of Ingersoll Rand from a "hold" rating to a "buy" rating and set a $101.00 price target for the company in a report on Monday, August 3rd. Citigroup reissued a "buy" rating on shares of Ingersoll Rand in a research report on Monday. Morgan Stanley set a $87.00 price objective on shares of Ingersoll Rand in a research report on Monday, August 10th. Finally, Wall Street Zen lowered shares of Ingersoll Rand from a "buy" rating to a "hold" rating in a research report on Sunday, August 2nd. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $96.14.

Ingersoll Rand Stock Performance

The firm has a market cap of $30.17 billion, a PE ratio of 32.00, a P/E/G ratio of 3.23 and a beta of 1.15. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.62 and a quick ratio of 1.15. The stock has a 50-day moving average price of $77.41 and a 200 day moving average price of $78.44.

Ingersoll Rand (NYSE:IR - Get Free Report) last released its earnings results on Thursday, July 30th. The industrial products company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.83 by $0.03. Ingersoll Rand had a return on equity of 12.90% and a net margin of 12.08%. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the firm posted $0.80 earnings per share. The business's quarterly revenue was up 8.5% compared to the same quarter last year. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. Research analysts forecast that Ingersoll Rand Inc. will post 3.41 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Ingersoll Rand's dividend payout ratio is currently 3.29%.

Insider Activity at Ingersoll Rand

In related news, Director Aurobind Satpathy acquired 11,538 shares of the business's stock in a transaction dated Monday, August 3rd. The shares were acquired at an average cost of $86.68 per share, for a total transaction of $1,000,113.84. Following the acquisition, the director directly owned 11,538 shares in the company, valued at approximately $1,000,113.84. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.49% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ingersoll Rand

A number of institutional investors have recently bought and sold shares of the stock. Bell Investment Advisors Inc purchased a new position in Ingersoll Rand during the second quarter worth approximately $26,000. Continuum Advisory LLC acquired a new position in shares of Ingersoll Rand in the 2nd quarter valued at $27,000. Reflection Asset Management purchased a new stake in shares of Ingersoll Rand during the 4th quarter valued at $31,000. Axiom Investment Management LLC purchased a new stake in shares of Ingersoll Rand during the 1st quarter valued at $37,000. Finally, MidFirst Bank acquired a new position in Ingersoll Rand during the 4th quarter worth approximately $40,000. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingersoll Rand Company Profile

Ingersoll Rand Inc NYSE: IR is a global provider of mission-critical industrial technologies and solutions. The company serves businesses across manufacturing, energy, life sciences, food and beverage, transportation, and other industrial markets.

Its products and services include air compressors, vacuum and blower systems, fluid management equipment, industrial pumps, and related aftermarket parts and services. Ingersoll Rand also offers technologies used for material handling, power tools, and other specialized industrial applications through a portfolio of established brands, including Ingersoll Rand, Gardner Denver, CompAir, and Club Car.

The modern Ingersoll Rand was formed in 2020 through the combination of Gardner Denver and the industrial segment of the former Ingersoll-Rand plc.

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