Ingersoll Rand FY2025 EPS Forecast Boosted by Zacks Research

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) - Research analysts at Zacks Research lifted their FY2025 earnings estimates for Ingersoll Rand in a report released on Friday, September 5th. Zacks Research analyst Team now forecasts that the industrial products company will post earnings per share of $3.24 for the year, up from their previous estimate of $3.23. The consensus estimate for Ingersoll Rand's current full-year earnings is $3.32 per share.

A number of other analysts have also issued reports on the stock. Barclays dropped their price objective on shares of Ingersoll Rand from $92.00 to $91.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. Citigroup reiterated a "buy" rating and set a $104.00 price objective (up previously from $91.00) on shares of Ingersoll Rand in a research note on Monday, July 14th. Melius lowered shares of Ingersoll Rand from a "buy" rating to a "hold" rating and set a $93.00 price objective on the stock. in a research note on Monday, July 14th. Morgan Stanley dropped their price objective on shares of Ingersoll Rand from $88.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 13th. Finally, Melius Research set a $93.00 price objective on shares of Ingersoll Rand in a research note on Monday, July 14th. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Ingersoll Rand currently has a consensus rating of "Hold" and an average price target of $97.75.

Ingersoll Rand Trading Down 2.7%

NYSE IR traded down $2.15 during mid-day trading on Monday, hitting $78.87. The company's stock had a trading volume of 3,643,370 shares, compared to its average volume of 2,497,093. Ingersoll Rand has a 52-week low of $65.61 and a 52-week high of $106.03. The stock's fifty day simple moving average is $81.93 and its two-hundred day simple moving average is $80.53. 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 firm has a market capitalization of $31.35 billion, a P/E ratio of 61.62, a price-to-earnings-growth ratio of 4.57 and a beta of 1.40.

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

Hedge Funds Weigh In On Ingersoll Rand

Hedge funds and other institutional investors have recently modified their holdings of the company. NewSquare Capital LLC boosted its holdings in shares of Ingersoll Rand by 150.7% during the second quarter. NewSquare Capital LLC now owns 341 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 205 shares during the period. Compass Wealth Management LLC raised its position in 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 in the last quarter. Global Wealth Strategies & Associates raised its position in 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 in the last quarter. Golden State Wealth Management LLC raised its holdings in Ingersoll Rand by 190.9% during the 1st quarter. Golden State Wealth Management LLC now owns 477 shares of the industrial products company's stock worth $38,000 after buying an additional 313 shares during the period. Finally, Farmers & Merchants Investments Inc. raised its holdings in Ingersoll Rand by 54.4% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 488 shares of the industrial products company's stock worth $39,000 after buying an additional 172 shares during the period. Institutional investors and hedge funds own 95.27% of the company's stock.

Ingersoll Rand Dividend Announcement

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

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.