Ingersoll Rand (NYSE:IR) Posts Quarterly Earnings Results

Ingersoll Rand (NYSE:IR) announced its earnings results on Thursday. The industrial products company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.04), Zacks reports. Ingersoll Rand had a return on equity of 13.01% and a net margin of 11.72%. Ingersoll Rand updated its FY 2025 guidance to 3.380-3.500 EPS.

Ingersoll Rand Stock Performance

Shares of Ingersoll Rand stock traded up $1.22 during midday trading on Thursday, hitting $92.57. The company had a trading volume of 2,618,995 shares, compared to its average volume of 2,285,552. The business’s 50 day simple moving average is $93.29 and its two-hundred day simple moving average is $95.29. The stock has a market cap of $37.31 billion, a PE ratio of 45.16, a P/E/G ratio of 3.66 and a beta of 1.43. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.36 and a quick ratio of 1.71. Ingersoll Rand has a 1-year low of $83.72 and a 1-year high of $106.03.

Ingersoll Rand Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. Ingersoll Rand’s payout ratio is 3.90%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Citigroup decreased their target price on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 13th. The Goldman Sachs Group increased their price target on shares of Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. UBS Group began coverage on shares of Ingersoll Rand in a research report on Wednesday, November 13th. They issued a “buy” rating and a $124.00 price target for the company. Stifel Nicolaus reduced their price target on shares of Ingersoll Rand from $107.00 to $100.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Finally, Robert W. Baird reduced their price target on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $105.92.

Ingersoll Rand Company Profile

Ingersoll Rand Inc provides various mission-critical air, gas, liquid, and solid flow creation technologies services and solutions worldwide. It operates through two segments, Industrial Technologies and Services, and Precision and Science Technologies. The Industrial Technologies and Services segment designs, manufactures, markets, and services air and gas compression, vacuum, and blower products; fluid transfer equipment and loading systems; and power tools and lifting equipment, including associated aftermarket parts, consumables, air treatment equipment, controls, other accessories, and services under the under the Ingersoll Rand, Gardner Denver, Nash, CompAir, Elmo Rietschle brands, etc.