Ingersoll Rand (NYSE:IR) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Ingersoll Rand (NYSE:IR) from a buy rating to a hold rating in a research note published on Saturday.

Other equities analysts have also recently issued research reports about the stock. Barclays decreased their target price on shares of Ingersoll Rand from $111.00 to $100.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a research report on Friday, March 27th. Wells Fargo & Company decreased their target price on shares of Ingersoll Rand from $110.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. Zacks Research upgraded shares of Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research report on Friday, December 12th. Finally, Robert W. Baird set a $115.00 target price on shares of Ingersoll Rand in a research report on Tuesday, February 17th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $99.57.

Ingersoll Rand Stock Performance

NYSE IR opened at $87.77 on Friday. Ingersoll Rand has a 52-week low of $68.97 and a 52-week high of $100.96. 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 company has a market capitalization of $34.37 billion, a P/E ratio of 60.53, a P/E/G ratio of 5.32 and a beta of 1.33. The company has a fifty day moving average of $88.45 and a 200-day moving average of $83.48.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings data on Thursday, February 12th. The industrial products company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. Ingersoll Rand had a net margin of 7.60% and a return on equity of 12.62%. The firm’s revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.84 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. As a group, equities research analysts predict that Ingersoll Rand will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Wednesday, March 4th were given a $0.02 dividend. The ex-dividend date was Wednesday, March 4th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Ingersoll Rand’s payout ratio is presently 5.52%.

Insider Transactions at Ingersoll Rand

In other Ingersoll Rand news, CAO Michael J. Scheske sold 19,122 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $97.67, for a total value of $1,867,645.74. Following the transaction, the chief accounting officer owned 12,153 shares in the company, valued at approximately $1,186,983.51. The trade was a 61.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kathleen M. Keene sold 12,000 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $99.46, for a total transaction of $1,193,520.00. Following the completion of the transaction, the insider owned 3,528 shares in the company, valued at $350,894.88. The trade was a 77.28% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 584,771 shares of company stock valued at $54,976,547. Company insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Ingersoll Rand

A number of hedge funds and other institutional investors have recently made changes to their positions in IR. Capital International Investors raised its holdings in shares of Ingersoll Rand by 18.5% during the third quarter. Capital International Investors now owns 50,002,133 shares of the industrial products company’s stock valued at $4,131,157,000 after acquiring an additional 7,816,194 shares in the last quarter. Norges Bank bought a new position in shares of Ingersoll Rand during the fourth quarter valued at approximately $407,915,000. Capital World Investors raised its holdings in shares of Ingersoll Rand by 19.2% during the third quarter. Capital World Investors now owns 31,787,657 shares of the industrial products company’s stock valued at $2,626,296,000 after acquiring an additional 5,110,668 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings 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 valued at $1,726,308,000 after acquiring an additional 3,423,501 shares in the last quarter. Finally, Capital Research Global Investors increased its position in shares of Ingersoll Rand by 14.3% during the third quarter. Capital Research Global Investors now owns 19,254,676 shares of the industrial products company’s stock valued at $1,590,818,000 after buying an additional 2,406,183 shares during the period. Institutional investors own 95.27% of the company’s stock.

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.