Ingersoll Rand Inc. (NYSE:IR) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Ingersoll Rand Inc. (NYSE:IR) have received a consensus rating of “Hold” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $101.8571.

Several analysts recently commented on the company. Wall Street Zen raised Ingersoll Rand from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Citigroup boosted their price target on Ingersoll Rand from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Stifel Nicolaus upped their price target on shares of Ingersoll Rand from $87.00 to $101.00 and gave the company a “hold” rating in a research report on Tuesday, February 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday, December 29th. Finally, Wells Fargo & Company boosted their target price on shares of Ingersoll Rand from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th.

Insider Activity at Ingersoll Rand

In other Ingersoll Rand news, CFO Vikram Kini sold 28,367 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $96.50, for a total transaction of $2,737,415.50. Following the completion of the sale, the chief financial officer owned 98,517 shares of the company’s stock, valued at approximately $9,506,890.50. The trade was a 22.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Kathleen M. Keene sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $99.46, for a total value of $1,193,520.00. Following the completion of the transaction, the insider directly owned 3,528 shares in the company, valued at $350,894.88. This trade represents a 77.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 584,771 shares of company stock valued at $54,976,547 in the last ninety days. Corporate insiders own 0.59% of the company’s stock.

Hedge Funds Weigh In On Ingersoll Rand

A number of hedge funds have recently modified their holdings of the company. World Investment Advisors bought a new stake in shares of Ingersoll Rand during the 4th quarter valued at $231,000. Reflection Asset Management purchased a new stake in Ingersoll Rand in the 4th quarter worth $31,000. Groupama Asset Managment raised its holdings in Ingersoll Rand by 1.7% during the fourth quarter. Groupama Asset Managment now owns 8,146 shares of the industrial products company’s stock valued at $645,000 after acquiring an additional 140 shares during the period. MidFirst Bank purchased a new position in shares of Ingersoll Rand in the fourth quarter valued at about $40,000. Finally, T. Rowe Price Investment Management Inc. grew its position in shares of Ingersoll Rand by 18.6% during the fourth 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 purchasing an additional 3,423,501 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors.

Ingersoll Rand Price Performance

Shares of NYSE:IR opened at $81.36 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.49 and a current ratio of 2.06. The firm has a market cap of $31.86 billion, a price-to-earnings ratio of 56.11, a price-to-earnings-growth ratio of 5.07 and a beta of 1.29. The business has a 50-day simple moving average of $90.21 and a two-hundred day simple moving average of $83.24. Ingersoll Rand has a fifty-two week low of $65.61 and a fifty-two week high of $100.96.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings data on Thursday, February 12th. The industrial products company reported $0.96 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $2.04 billion. During the same period in the previous year, the company earned $0.84 earnings per share. The firm’s quarterly 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 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

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 paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Wednesday, March 4th. Ingersoll Rand’s dividend 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.