Zacks Research Boosts Earnings Estimates for Ingersoll Rand

Key Points

• Zacks Research has increased its earnings per share (EPS) estimate for Ingersoll Rand for FY2025 from $3.23 to $3.24, while the current consensus estimate stands at $3.32 per share.
• Ingersoll Rand's recent quarterly earnings report showed that the company met analyst expectations with an EPS of $0.80, and revenue of $1.89 billion, exceeding estimates of $1.85 billion.
• Despite some fluctuations in price targets from various analysts, six have rated the stock as a Buy and seven as Hold, leading to a consensus target price of $97.75.

Ingersoll Rand Inc. (NYSE:IR - Free Report) - Equities researchers at Zacks Research upped their FY2025 earnings per share estimates for shares of Ingersoll Rand in a research report issued on Friday, September 5th. Zacks Research analyst Team now forecasts that the industrial products company will earn $3.24 per share for the year, up from their prior estimate of $3.23. The consensus estimate for Ingersoll Rand's current full-year earnings is $3.32 per share.

Ingersoll Rand (NYSE:IR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.80 earnings per share for the quarter, hitting analysts' consensus estimates of $0.80. The business had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.85 billion. Ingersoll Rand had a return on equity of 12.12% and a net margin of 7.10%.The company's revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.83 EPS. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS.

A number of other research firms have also recently weighed in on IR. Barclays lowered their price target on Ingersoll Rand from $92.00 to $91.00 and set an "overweight" rating for the company in a report on Monday, August 4th. Melius lowered Ingersoll Rand from a "buy" rating to a "hold" rating and set a $93.00 target price on the stock. in a research note on Monday, July 14th. Robert W. Baird increased their target price on Ingersoll Rand from $97.00 to $103.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. Stifel Nicolaus set a $78.00 target price on Ingersoll Rand and gave the stock a "hold" rating in a research note on Monday, August 4th. Finally, Wells Fargo & Company increased their target price on Ingersoll Rand from $86.00 to $95.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, Ingersoll Rand presently has a consensus rating of "Hold" and an average price target of $97.75.

Ingersoll Rand Trading Down 1.0%

Shares of NYSE IR traded down $0.81 during mid-day trading on Monday, reaching $79.57. 3,291,575 shares of the company's stock were exchanged, compared to its average volume of 2,440,186. The firm has a market capitalization of $31.63 billion, a price-to-earnings ratio of 62.16, a PEG ratio of 4.55 and a beta of 1.40. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.63 and a current ratio of 2.29. Ingersoll Rand has a 52-week low of $65.61 and a 52-week high of $106.03. The company's 50-day moving average is $82.45 and its 200-day moving average is $80.58.

Hedge Funds Weigh In On Ingersoll Rand

A number of institutional investors have recently made changes to their positions in IR. Compass Wealth Management LLC raised its holdings in shares of Ingersoll Rand by 62.8% in the first quarter. Compass Wealth Management LLC now owns 355 shares of the industrial products company's stock worth $28,000 after acquiring an additional 137 shares during the last quarter. NewSquare Capital LLC raised its holdings in shares of Ingersoll Rand by 150.7% in the second quarter. NewSquare Capital LLC now owns 341 shares of the industrial products company's stock worth $28,000 after acquiring an additional 205 shares during the last quarter. Global Wealth Strategies & Associates raised its holdings in shares of Ingersoll Rand by 325.0% in the first quarter. Global Wealth Strategies & Associates now owns 374 shares of the industrial products company's stock worth $30,000 after acquiring an additional 286 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in shares of Ingersoll Rand by 190.9% in the first quarter. Golden State Wealth Management LLC now owns 477 shares of the industrial products company's stock worth $38,000 after acquiring an additional 313 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. grew its position in shares of Ingersoll Rand by 54.4% in the first 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. 95.27% of the stock is owned by institutional investors and hedge funds.

Ingersoll Rand Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 14th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.08 annualized dividend and a yield of 0.1%. Ingersoll Rand's payout ratio is currently 6.25%.

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.