Ingersoll Rand Inc. (NYSE:IR) Stock Has Consensus Target Price of $96.14

by · The Markets Daily

Shares of Ingersoll Rand Inc. (NYSE:IR – Get Free Report) have been given an average recommendation of “Moderate Buy” by the eight brokerages that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $96.14.

A number of research firms have issued reports on IR. Robert W. Baird raised their price target on shares of Ingersoll Rand from $103.00 to $109.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Weiss Ratings raised Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 21st. Stifel Nicolaus raised Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a report on Monday, August 3rd. Wall Street Zen downgraded Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Finally, Morgan Stanley set a $87.00 target price on Ingersoll Rand in a report on Monday, August 10th.

Check Out Our Latest Stock Report on IR

Ingersoll Rand Stock Performance

Shares of IR stock opened at $76.13 on Wednesday. The business has a fifty day moving average of $79.06 and a 200 day moving average of $78.68. Ingersoll Rand has a 1 year low of $68.07 and a 1 year high of $100.96. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.62 and a quick ratio of 1.15. The firm has a market capitalization of $29.54 billion, a price-to-earnings ratio of 31.33, a price-to-earnings-growth ratio of 3.17 and a beta of 1.15.

Ingersoll Rand (NYSE:IR – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. Ingersoll Rand had a return on equity of 12.90% and a net margin of 12.08%.The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the company earned $0.80 earnings per share. The company’s revenue was up 8.5% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. As a group, research analysts expect that Ingersoll Rand will post 3.39 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, August 13th. Ingersoll Rand’s dividend payout ratio (DPR) is presently 3.29%.

Insider Buying and Selling at Ingersoll Rand

In related news, Director Aurobind Satpathy purchased 11,538 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were purchased at an average price of $86.68 per share, with a total value of $1,000,113.84. Following the purchase, the director owned 11,538 shares of the company’s stock, valued at $1,000,113.84. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.49% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ingersoll Rand

Large investors have recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Ingersoll Rand in the second quarter valued at approximately $225,000. Core Capital Management & Research inc. purchased a new stake in shares of Ingersoll Rand during the second quarter worth $2,775,000. Tidal Investments LLC grew its holdings in shares of Ingersoll Rand by 20.0% during the second quarter. Tidal Investments LLC now owns 199,302 shares of the industrial products company’s stock worth $16,341,000 after buying an additional 33,175 shares in the last quarter. MCF Advisors LLC lifted its stake in Ingersoll Rand by 50.4% in the 2nd quarter. MCF Advisors LLC now owns 9,985 shares of the industrial products company’s stock worth $819,000 after purchasing an additional 3,346 shares in the last quarter. Finally, National Pension Service boosted its holdings in shares of Ingersoll Rand by 10.8% during the 2nd quarter. National Pension Service now owns 639,205 shares of the industrial products company’s stock worth $52,408,000 after purchasing an additional 62,411 shares during the last quarter. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingersoll Rand Company Profile

(Get Free Report)

Ingersoll Rand Inc (NYSE:IR) is a global provider of mission-critical industrial technologies and solutions. The company serves businesses across manufacturing, energy, life sciences, food and beverage, transportation, and other industrial markets.

Its products and services include air compressors, vacuum and blower systems, fluid management equipment, industrial pumps, and related aftermarket parts and services. Ingersoll Rand also offers technologies used for material handling, power tools, and other specialized industrial applications through a portfolio of established brands, including Ingersoll Rand, Gardner Denver, CompAir, and Club Car.

The modern Ingersoll Rand was formed in 2020 through the combination of Gardner Denver and the industrial segment of the former Ingersoll-Rand plc.

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