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

Shares of Ingersoll Rand Inc. (NYSE:IR) have received a consensus rating of “Hold” from the nine ratings firms that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $101.8571.

A number of research analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a research note on Monday, December 29th. Citigroup upped their price objective on Ingersoll Rand from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Wells Fargo & Company raised their target price on Ingersoll Rand from $92.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 17th. Robert W. Baird set a $115.00 price target on shares of Ingersoll Rand in a report on Tuesday, February 17th. Finally, Stifel Nicolaus boosted their price objective on Ingersoll Rand from $87.00 to $101.00 and gave the company a “hold” rating in a research note on Tuesday, February 17th.

Ingersoll Rand Stock Up 1.2%

Shares of IR opened at $82.12 on Friday. The firm’s 50 day moving average is $90.28 and its 200-day moving average is $83.16. Ingersoll Rand has a 12 month low of $65.61 and a 12 month high of $100.96. The company has a current ratio of 2.06, a quick ratio of 1.49 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $32.16 billion, a PE ratio of 56.64, a P/E/G ratio of 5.01 and a beta of 1.29.

Ingersoll Rand (NYSE:IR) last released its earnings results on Thursday, February 12th. The industrial products company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $2.04 billion. During the same period in the prior year, the company posted $0.84 EPS. The company’s 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 forecast that Ingersoll Rand will post 3.32 EPS for the current year.

Ingersoll Rand Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Wednesday, March 4th will be given a dividend of $0.02 per share. 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 dividend payout ratio is 5.52%.

Insiders Place Their Bets

In other Ingersoll Rand news, CAO Michael J. Scheske sold 19,122 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $97.67, for a total value of $1,867,645.74. Following the completion of the sale, the chief accounting officer owned 12,153 shares of the company’s stock, valued at approximately $1,186,983.51. This trade represents a 61.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 completion of the sale, the insider directly owned 16,200 shares of the company’s stock, valued at approximately $1,573,182. The trade was a 52.97% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 584,771 shares of company stock valued at $54,976,547. 0.59% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ingersoll Rand

Large investors have recently bought and sold shares of the stock. World Investment Advisors bought a new position in shares of Ingersoll Rand during the fourth quarter valued at about $231,000. Reflection Asset Management purchased a new position in Ingersoll Rand in the fourth quarter valued at approximately $31,000. Groupama Asset Managment lifted its position in shares of Ingersoll Rand by 1.7% during the 4th quarter. Groupama Asset Managment now owns 8,146 shares of the industrial products company’s stock valued at $645,000 after buying an additional 140 shares during the last quarter. MidFirst Bank bought a new position in Ingersoll Rand during the fourth quarter worth about $40,000. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in Ingersoll Rand by 18.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 21,791,309 shares of the industrial products company’s stock worth $1,726,308,000 after buying an additional 3,423,501 shares during the period. 95.27% of the stock is currently owned by institutional investors.

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.