Ingersoll Rand Inc. (NYSE:IR) Stock Has Average Price Target of $95.00

Ingersoll Rand Inc. (NYSE:IR) has been given a consensus rating of “Moderate Buy” by the eight ratings firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $95.00.

Several research analysts recently weighed in on the company. Citigroup reaffirmed a “buy” rating on shares of Ingersoll Rand in a research report on Monday, October 12th. Robert W. Baird boosted their price objective on shares of Ingersoll Rand from $103.00 to $109.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Morgan Stanley set a $87.00 target price on Ingersoll Rand in a research report on Monday, August 10th. Wall Street Zen lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a research note on Monday, October 19th.

Insider Activity

In other news, Director Aurobind Satpathy purchased 11,538 shares of the stock in a transaction dated Monday, August 3rd. The stock was acquired at an average price of $86.68 per share, for a total transaction of $1,000,113.84. Following the completion of the transaction, the director owned 11,538 shares of the company’s stock, valued at approximately $1,000,113.84. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On Ingersoll Rand

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IR. Bell Investment Advisors Inc bought a new position in shares of Ingersoll Rand in the second quarter valued at $26,000. Continuum Advisory LLC acquired a new stake in shares of Ingersoll Rand during the 2nd quarter valued at $27,000. Axiom Investment Management LLC acquired a new position in shares of Ingersoll Rand in the 1st quarter valued at $37,000. MidFirst Bank acquired a new position in shares of Ingersoll Rand in the second quarter worth about $41,000. Finally, Western Wealth Management LLC purchased a new position in Ingersoll Rand during the 1st quarter worth approximately $42,000. Institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Trading Up 1.5%

Shares of IR opened at $75.64 on Friday. Ingersoll Rand has a 52-week low of $68.07 and a 52-week high of $100.96. The company has a 50-day simple moving average of $76.42 and a 200-day simple moving average of $81.35.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.83 by $0.03. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Ingersoll Rand’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.80 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. As a group, research analysts anticipate that Ingersoll Rand will post 3.41 EPS for the current year.

Ingersoll Rand Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 12th will be issued 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 Thursday, November 12th.

Ingersoll Rand Company Profile

Ingersoll Rand Inc (NYSE:IR) is a global provider of mission-critical industrial technologies and solutions. The company designs and manufactures equipment used to manage air, gas, fluids, and other industrial processes, serving customers in manufacturing, energy, food and beverage, life sciences, transportation, and other markets.

Its portfolio includes air compressors, vacuum and blower systems, fluid-handling equipment, pumps, dosing and dispensing systems, and related aftermarket parts and services.