Ingersoll Rand Inc. (NYSE:IR) Receives $92.75 Average Price Target from Analysts

Shares of Ingersoll Rand Inc. (NYSE:IR) have been assigned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $92.75.

IR has been the topic of a number of analyst reports. Citigroup cut their price target on Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Evercore set a $84.00 price target on Ingersoll Rand in a research note on Monday, May 11th. Morgan Stanley cut their price target on Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 3rd. Barclays cut their price target on Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a research report on Wednesday.

Insider Activity at Ingersoll Rand

In other news, insider Vicente Reynal sold 30,492 shares of Ingersoll Rand stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $88.00, for a total transaction of $2,683,296.00. Following the sale, the insider owned 209,534 shares in the company, valued at approximately $18,438,992. The trade was a 12.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.49% of the company’s stock.

Institutional Trading of Ingersoll Rand

A number of hedge funds and other institutional investors have recently made changes to their positions in IR. Deseret Mutual Benefit Administrators increased its position in shares of Ingersoll Rand by 46.9% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 112 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new stake in shares of Ingersoll Rand during the fourth quarter worth about $29,000. Reflection Asset Management acquired a new stake in shares of Ingersoll Rand during the fourth quarter worth about $31,000. Torren Management LLC acquired a new stake in shares of Ingersoll Rand during the fourth quarter worth about $32,000. Finally, Salomon & Ludwin LLC increased its position in shares of Ingersoll Rand by 166.9% during the fourth quarter. Salomon & Ludwin LLC now owns 427 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 267 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Stock Up 0.2%

Ingersoll Rand stock opened at $81.52 on Monday. 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 0.47, a current ratio of 2.23 and a quick ratio of 1.59. The stock has a market cap of $31.90 billion, a PE ratio of 55.08, a P/E/G ratio of 5.15 and a beta of 1.20. The stock’s fifty day moving average is $75.96 and its two-hundred day moving average is $82.62.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. Ingersoll Rand had a return on equity of 12.79% and a net margin of 7.54%.The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same period last year, the firm earned $0.72 earnings per share. Ingersoll Rand’s quarterly revenue was up 7.6% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. On average, sell-side analysts expect that Ingersoll Rand will post 3.37 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were given a dividend of $0.02 per share. The ex-dividend date was Thursday, May 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Ingersoll Rand’s payout ratio is 5.41%.

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.