Ingersoll Rand Inc. (NYSE:IR) Given Consensus Recommendation of “Hold” by Analysts
by Michael Walen · The Markets DailyShares of Ingersoll Rand Inc. (NYSE:IR – Get Free Report) have earned a consensus rating of “Hold” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $97.4286.
IR has been the topic of several research reports. Wall Street Zen downgraded shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Saturday. Citigroup upped their price objective on shares of Ingersoll Rand from $94.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Robert W. Baird set a $115.00 target price on shares of Ingersoll Rand in a report on Tuesday, February 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a report on Friday, March 27th. Finally, Stifel Nicolaus increased their target price on shares of Ingersoll Rand from $87.00 to $101.00 and gave the company a “hold” rating in a report on Tuesday, February 17th.
Ingersoll Rand Stock Performance
IR opened at $85.38 on Wednesday. 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 company’s fifty day moving average price is $88.48 and its two-hundred day moving average price is $83.43. Ingersoll Rand has a 1-year low of $68.97 and a 1-year high of $100.96. The company has a market cap of $33.44 billion, a price-to-earnings ratio of 58.88, a PEG ratio of 5.32 and a beta of 1.33.
Ingersoll Rand (NYSE:IR – Get Free Report) last released its quarterly earnings data on Thursday, February 12th. The industrial products company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.06. Ingersoll Rand had a net margin of 7.60% and a return on equity of 12.62%. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the prior year, the company posted $0.84 earnings per share. The business’s revenue was up 10.1% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. On average, analysts expect that Ingersoll Rand will post 3.32 EPS for the current fiscal year.
Ingersoll Rand Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Wednesday, March 4th were issued a $0.02 dividend. The ex-dividend date was Wednesday, March 4th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand’s dividend payout ratio is currently 5.52%.
Insider Buying and Selling
In other news, CFO Vikram Kini sold 28,367 shares of the stock in a transaction dated 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 completion of the sale, the chief financial officer owned 98,517 shares in the company, valued at $9,506,890.50. This represents a 22.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John Humphrey sold 4,300 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $95.90, for a total transaction of $412,370.00. Following the completion of the sale, the director owned 23,983 shares of the company’s stock, valued at approximately $2,299,969.70. This represents a 15.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 584,771 shares of company stock valued at $54,976,547 over the last 90 days. 0.59% of the stock is currently owned by company insiders.
Institutional Trading of Ingersoll Rand
Several institutional investors and hedge funds have recently made changes to their positions in IR. AQR Capital Management LLC grew its position in Ingersoll Rand by 12.7% during 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 during the period. NewEdge Advisors LLC grew its position 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 buying an additional 282 shares during the period. Empowered Funds LLC grew 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 valued at $619,000 after buying an additional 454 shares during the period. Woodline Partners LP bought a new position in Ingersoll Rand during the first quarter valued at about $643,000. Finally, Arrowstreet Capital Limited Partnership grew its position in Ingersoll Rand by 663.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 74,615 shares of the industrial products company’s stock valued at $6,206,000 after buying an additional 64,838 shares during the period. Hedge funds and other institutional investors own 95.27% of the company’s stock.
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.