Wall Street Zen Upgrades Ingersoll Rand (NYSE:IR) to “Buy”

Ingersoll Rand (NYSE:IR) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

A number of other research analysts also recently commented on IR. Stifel Nicolaus upped their price objective on shares of Ingersoll Rand from $87.00 to $101.00 and gave the company a “hold” rating in a research note on Tuesday, February 17th. Zacks Research upgraded shares of Ingersoll Rand from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingersoll Rand in a research report on Monday, December 29th. Wells Fargo & Company increased their price target on shares of Ingersoll Rand from $92.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 17th. Finally, Barclays boosted their price objective on shares of Ingersoll Rand from $91.00 to $111.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $101.86.

Ingersoll Rand Price Performance

IR stock opened at $82.12 on Friday. The stock has a market capitalization of $32.16 billion, a price-to-earnings ratio of 56.64, a price-to-earnings-growth ratio of 5.01 and a beta of 1.29. 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 52-week low of $65.61 and a 52-week high of $100.96. The stock’s fifty day simple moving average is $90.28 and its 200-day simple moving average is $83.16.

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

Insider Activity

In other news, CFO Vikram Kini sold 28,367 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $96.50, for a total value of $2,737,415.50. Following the transaction, the chief financial officer owned 98,517 shares of the company’s stock, valued at approximately $9,506,890.50. This trade represents a 22.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Elizabeth Meloy Hepding sold 18,246 shares of Ingersoll Rand stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $97.11, for a total transaction of $1,771,869.06. Following the transaction, the insider owned 16,200 shares in the company, valued at $1,573,182. The trade was a 52.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 584,771 shares of company stock valued at $54,976,547 over the last quarter. 0.59% of the stock is owned by insiders.

Institutional Trading of Ingersoll Rand

Large investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its stake in shares of Ingersoll Rand by 12.7% in the first quarter. AQR Capital Management LLC now owns 37,078 shares of the industrial products company’s stock valued at $2,904,000 after buying an additional 4,167 shares in the last quarter. NewEdge Advisors LLC lifted its position in Ingersoll Rand by 4.8% during the 1st quarter. NewEdge Advisors LLC now owns 6,168 shares of the industrial products company’s stock worth $494,000 after acquiring an additional 282 shares in the last quarter. Empowered Funds LLC boosted its holdings in Ingersoll Rand by 6.2% in the 1st quarter. Empowered Funds LLC now owns 7,731 shares of the industrial products company’s stock worth $619,000 after acquiring an additional 454 shares during the period. Woodline Partners LP purchased a new position in Ingersoll Rand in the 1st quarter worth approximately $643,000. Finally, Savant Capital LLC grew its position in Ingersoll Rand by 12.6% in the second quarter. Savant Capital LLC now owns 9,512 shares of the industrial products company’s stock valued at $791,000 after acquiring an additional 1,065 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

About Ingersoll Rand

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.