Ingersoll Rand Inc. (NYSE:IR) Given Consensus Rating of “Hold” by Analysts

Ingersoll Rand Inc. (NYSE:IR) has received an average rating of “Hold” from the ten research firms that are currently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $92.1250.

IR has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a research report on Monday, December 29th. Citigroup lifted their target price on shares of Ingersoll Rand from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Stifel Nicolaus boosted their target price on Ingersoll Rand from $81.00 to $87.00 and gave the stock a “hold” rating in a research note on Friday, January 23rd. Wells Fargo & Company increased their price target on Ingersoll Rand from $87.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. Finally, Robert W. Baird cut their price objective on Ingersoll Rand from $103.00 to $100.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd.

Insider Transactions at Ingersoll Rand

In other news, CAO Michael J. Scheske sold 1,477 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $80.63, for a total transaction of $119,090.51. Following the completion of the sale, the chief accounting officer owned 12,153 shares in the company, valued at $979,896.39. This trade represents a 10.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Vicente Reynal sold 440 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $100.00, for a total value of $44,000.00. Following the completion of the transaction, the insider owned 229,668 shares in the company, valued at approximately $22,966,800. The trade was a 0.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 292,917 shares of company stock valued at $26,747,912 in the last 90 days. 0.68% of the stock is currently owned by corporate insiders.

Institutional Trading of Ingersoll Rand

A number of large investors have recently bought and sold shares of IR. AQR Capital Management LLC grew its stake in shares of Ingersoll Rand by 12.7% during the 1st quarter. AQR Capital Management LLC now owns 37,078 shares of the industrial products company’s stock worth $2,904,000 after acquiring an additional 4,167 shares during the period. NewEdge Advisors LLC lifted its holdings in Ingersoll Rand by 4.8% during the first quarter. NewEdge Advisors LLC now owns 6,168 shares of the industrial products company’s stock valued at $494,000 after purchasing an additional 282 shares during the last quarter. Empowered Funds LLC boosted its position in Ingersoll Rand by 6.2% during the first quarter. Empowered Funds LLC now owns 7,731 shares of the industrial products company’s stock worth $619,000 after purchasing an additional 454 shares during the period. Woodline Partners LP purchased a new position in shares of Ingersoll Rand in the first quarter worth about $643,000. Finally, Sequoia Financial Advisors LLC raised its position in shares of Ingersoll Rand by 15.3% in the second quarter. Sequoia Financial Advisors LLC now owns 6,419 shares of the industrial products company’s stock valued at $534,000 after purchasing an additional 851 shares during the period. 95.27% of the stock is owned by hedge funds and other institutional investors.

Ingersoll Rand Stock Up 4.5%

Shares of NYSE:IR opened at $98.43 on Tuesday. The stock has a market cap of $38.89 billion, a price-to-earnings ratio of 67.88, a PEG ratio of 6.12 and a beta of 1.32. The company has a quick ratio of 1.49, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. Ingersoll Rand has a 12-month low of $65.61 and a 12-month high of $100.96. The business’s 50 day moving average is $86.18 and its 200 day moving average is $81.48.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings results on Thursday, February 12th. The industrial products company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. Ingersoll Rand had a return on equity of 12.62% and a net margin of 7.60%.Ingersoll Rand’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.84 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. On average, sell-side analysts forecast that Ingersoll Rand will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Wednesday, March 4th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, March 4th. Ingersoll Rand’s payout ratio is 5.52%.

Ingersoll Rand Company Profile

Ingersoll Rand is a diversified industrial company that designs, manufactures and services a wide range of equipment and technologies for commercial, industrial and OEM customers. Its product portfolio includes air compressors and compressed air systems, pneumatic and cordless power tools, material handling and lifting equipment, fluid transfer and pumping solutions, and associated aftermarket parts and service offerings. The company’s products support applications across manufacturing, construction, transportation, oil and gas, mining and general industrial markets.

Ingersoll Rand sells through a combination of direct sales, distributor networks and service channels, delivering both capital equipment and recurring aftermarket revenue from parts, maintenance and service contracts.