Weiss Ratings Reaffirms "Hold (C-)" Rating for Ingersoll Rand (NYSE:IR)

Ingersoll Rand (NYSE:IR - Get Free Report)'s stock had its "hold (c-)" rating reissued by analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

A number of other research analysts have also commented on IR. Robert W. Baird raised their price target on Ingersoll Rand from $97.00 to $103.00 and gave the company an "outperform" rating in a report on Monday, August 4th. Stifel Nicolaus set a $78.00 price target on Ingersoll Rand and gave the company a "hold" rating in a report on Monday, August 4th. Barclays lowered their price target on Ingersoll Rand from $92.00 to $91.00 and set an "overweight" rating on the stock in a report on Monday, August 4th. Morgan Stanley lowered their price target on Ingersoll Rand from $88.00 to $85.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 13th. Finally, Citigroup reissued a "buy" rating and set a $104.00 price target (up from $91.00) on shares of Ingersoll Rand in a report on Monday, July 14th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Ingersoll Rand presently has a consensus rating of "Moderate Buy" and an average target price of $98.00.

Ingersoll Rand Price Performance

Shares of NYSE IR opened at $81.02 on Wednesday. Ingersoll Rand has a 1-year low of $65.61 and a 1-year high of $106.03. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.29 and a quick ratio of 1.63. The business's fifty day moving average price is $79.98 and its two-hundred day moving average price is $80.39. The firm has a market capitalization of $32.20 billion, a PE ratio of 63.30, a P/E/G ratio of 4.80 and a beta of 1.43.

Ingersoll Rand (NYSE:IR - Get Free Report) last issued its earnings results on Thursday, July 31st. The industrial products company reported $0.80 earnings per share for the quarter, hitting the consensus estimate of $0.80. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.85 billion. Ingersoll Rand had a return on equity of 12.12% and a net margin of 7.10%.The firm's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the company earned $0.83 earnings per share. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. On average, research analysts expect that Ingersoll Rand will post 3.32 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Compass Wealth Management LLC boosted its stake in Ingersoll Rand by 62.8% during the first quarter. Compass Wealth Management LLC now owns 355 shares of the industrial products company's stock valued at $28,000 after buying an additional 137 shares in the last quarter. NewSquare Capital LLC boosted its position in shares of Ingersoll Rand by 150.7% in the 2nd quarter. NewSquare Capital LLC now owns 341 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 205 shares during the period. Heartwood Wealth Advisors LLC acquired a new position in shares of Ingersoll Rand in the 3rd quarter valued at $36,000. Golden State Wealth Management LLC boosted its position in shares of Ingersoll Rand by 190.9% in the 1st quarter. Golden State Wealth Management LLC now owns 477 shares of the industrial products company's stock valued at $38,000 after purchasing an additional 313 shares during the period. Finally, Farmers & Merchants Investments Inc. boosted its position in shares of Ingersoll Rand by 54.4% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 488 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 172 shares during the period. Institutional investors own 95.27% of the company's stock.

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.

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