Ingersoll Rand (NYSE:IR) Shares Up 6.5% – Time to Buy?

Ingersoll Rand Inc. (NYSE:IR) was up 6.5% during trading on Thursday . The company traded as high as $83.77 and last traded at $84.2990. Approximately 717,857 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 3,857,698 shares. The stock had previously closed at $79.14.

Wall Street Analyst Weigh In

A number of brokerages have commented on IR. Barclays reduced their target price on shares of Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Wall Street Zen lowered Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Citigroup reduced their target price on shares of Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Stifel Nicolaus decreased their price target on shares of Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating for the company in a research report on Tuesday, April 14th. Finally, Evercore set a $84.00 price objective on Ingersoll Rand in a research note on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Ingersoll Rand currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.71.

Ingersoll Rand Price Performance

The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 2.23. The company’s 50-day simple moving average is $75.51 and its 200-day simple moving average is $82.54. The company has a market capitalization of $32.20 billion, a PE ratio of 55.60, a P/E/G ratio of 5.36 and a beta of 1.17.

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

Ingersoll Rand Announces Dividend

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

Hedge Funds Weigh In On Ingersoll Rand

Several large investors have recently added to or reduced their stakes in the business. Norges Bank bought a new position in Ingersoll Rand during the fourth quarter valued at approximately $407,915,000. T. Rowe Price Investment Management Inc. lifted its position in Ingersoll Rand by 18.6% during the 4th 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 acquiring an additional 3,423,501 shares during the last quarter. Capital International Investors lifted its position in shares of Ingersoll Rand by 4.7% during the 4th quarter. Capital International Investors now owns 52,353,914 shares of the industrial products company’s stock worth $4,147,878,000 after purchasing an additional 2,351,781 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of Ingersoll Rand in the fourth quarter valued at approximately $149,297,000. Finally, Swedbank AB boosted its holdings in Ingersoll Rand by 72.4% in the 4th quarter. Swedbank AB now owns 3,878,349 shares of the industrial products company’s stock valued at $307,243,000 after purchasing an additional 1,628,996 shares during the period. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

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.