Ingersoll Rand (NYSE:IR) Stock Breaks Above 50 Day Moving Average - Here's Why

Key Points

• Ingersoll Rand shares rose 5.9% and broke above their 50-day moving average after the company reported adjusted quarterly EPS of $1.07, well ahead of the $0.89–$0.90 consensus.
• Quarterly revenue increased 5.6% year over year to $2.06 billion, narrowly exceeding estimates, while strong industrial orders offered an encouraging signal for future demand.
• Analyst sentiment remains broadly positive, with five Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $95, although investors are monitoring segment growth, acquisition synergies, costs and currency headwinds.

Ingersoll Rand Inc. (NYSE:IR - Get Free Report)'s stock price passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $76.29 and traded as high as $80.23. Ingersoll Rand shares last traded at $79.9080, with a volume of 8,449,400 shares changing hands.

More Ingersoll Rand News

Here are the key news stories impacting Ingersoll Rand this week:

• Positive Sentiment: Adjusted earnings were $1.07 per share, well above the $0.89–$0.90 analyst consensus and up from $0.86 a year earlier. The earnings beat is the primary catalyst for the stock’s increase. Ingersoll Rand Q3 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Revenue reached $2.06 billion, narrowly beating the $2.05 billion estimate and increasing 5.6% year over year. The combination of sales growth and stronger-than-expected profitability suggests solid operating execution. Ingersoll Rand Q3 Earnings Flash
• Positive Sentiment: Coverage also pointed to strong industrial orders, providing an encouraging signal for future demand and helping explain the favorable market reaction. Ingersoll Rand Jumps After Earnings
• Neutral Sentiment: Investors will continue to assess segment growth, acquisition synergies and the company’s outlook. Earlier previews identified rising costs and currency headwinds as potential pressures on margins, although the reported quarter still produced a significant earnings beat. Ingersoll Rand Q3 Earnings Preview

Analyst Upgrades and Downgrades

Several analysts recently issued reports on IR shares. Citigroup reiterated a "buy" rating on shares of Ingersoll Rand in a report on Monday, October 12th. Weiss Ratings restated a "hold (c)" rating on shares of Ingersoll Rand in a research note on Monday, October 19th. Stifel Nicolaus set a $93.00 price target on Ingersoll Rand in a research report on Monday, October 19th. Wall Street Zen lowered Ingersoll Rand from a "buy" rating to a "hold" rating in a research report on Sunday, August 2nd. Finally, Morgan Stanley set a $87.00 price objective on Ingersoll Rand in a research note on Monday, August 10th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $95.00.

Ingersoll Rand Trading Up 5.9%

The business's 50 day simple moving average is $76.29 and its 200 day simple moving average is $81.28. The stock has a market cap of $31.00 billion, a price-to-earnings ratio of 32.88, a PEG ratio of 3.13 and a beta of 1.15. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 0.40.

Ingersoll Rand (NYSE:IR - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The industrial products company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.17. The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.05 billion. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. Ingersoll Rand's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.86 EPS. On average, research analysts expect that Ingersoll Rand Inc. will post 3.41 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 12th will be issued a dividend of $0.02 per share. The ex-dividend date is Thursday, November 12th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Ingersoll Rand's dividend payout ratio (DPR) is presently 3.29%.

Insiders Place Their Bets

In other Ingersoll Rand news, Director Aurobind Satpathy acquired 11,538 shares of the company's stock in a transaction on Monday, August 3rd. The shares were purchased at an average price of $86.68 per share, for a total transaction of $1,000,113.84. Following the completion of the purchase, the director directly owned 11,538 shares of the company's stock, valued at approximately $1,000,113.84. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.49% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new position in Ingersoll Rand during the second quarter worth $2,484,319,000. Jupiter Topco LLC acquired a new position in shares of Ingersoll Rand in the second quarter valued at $547,628,000. Janus Henderson Group PLC raised its position in shares of Ingersoll Rand by 2.3% in the first quarter. Janus Henderson Group PLC now owns 6,576,720 shares of the industrial products company's stock valued at $526,926,000 after purchasing an additional 146,450 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Ingersoll Rand in the second quarter valued at about $328,309,000. Finally, Amundi raised its position in shares of Ingersoll Rand by 19.3% in the second quarter. Amundi now owns 3,282,920 shares of the industrial products company's stock valued at $269,175,000 after purchasing an additional 531,095 shares during the period. 95.27% of the stock is currently owned by institutional investors.

About Ingersoll Rand

Ingersoll Rand Inc NYSE: IR is a global provider of mission-critical industrial technologies and solutions. The company designs and manufactures equipment used to manage air, gas, fluids, and other industrial processes, serving customers in manufacturing, energy, food and beverage, life sciences, transportation, and other markets.

Its portfolio includes air compressors, vacuum and blower systems, fluid-handling equipment, pumps, dosing and dispensing systems, and related aftermarket parts and services.

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