Zacks Research Expects Increased Earnings for Ingersoll Rand

Ingersoll Rand Inc. (NYSE:IR) – Zacks Research lifted their Q2 2027 EPS estimates for Ingersoll Rand in a research report issued to clients and investors on Tuesday, October 6th. Zacks Research analyst Team now anticipates that the industrial products company will earn $0.88 per share for the quarter, up from their previous estimate of $0.86. The consensus estimate for Ingersoll Rand’s current full-year earnings is $3.39 per share. Zacks Research also issued estimates for Ingersoll Rand’s FY2027 earnings at $3.68 EPS, Q1 2028 earnings at $0.87 EPS, Q3 2028 earnings at $1.07 EPS and FY2028 earnings at $4.06 EPS.

A number of other equities research analysts have also recently commented on the stock. Wall Street Zen cut shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Stifel Nicolaus upgraded shares of Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a research report on Monday, August 3rd. Weiss Ratings raised shares of Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. Robert W. Baird lifted their price objective on Ingersoll Rand from $103.00 to $109.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Finally, Morgan Stanley set a $87.00 target price on Ingersoll Rand in a research note on Monday, August 10th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $96.14.

Ingersoll Rand Trading Down 2.3%

NYSE:IR opened at $77.37 on Thursday. Ingersoll Rand has a 52-week low of $68.07 and a 52-week high of $100.96. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 0.40. The stock has a fifty day simple moving average of $78.64 and a 200-day simple moving average of $78.59. The company has a market capitalization of $30.02 billion, a PE ratio of 31.84, a price-to-earnings-growth ratio of 3.30 and a beta of 1.15.

Ingersoll Rand (NYSE:IR) last posted its earnings results on Thursday, July 30th. The industrial products company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.96 billion. Ingersoll Rand had a return on equity of 12.90% and a net margin of 12.08%.Ingersoll Rand’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS.

Institutional Trading of Ingersoll Rand

A number of hedge funds have recently added to or reduced their stakes in IR. BlackRock Inc. purchased a new position in shares of Ingersoll Rand in the 2nd quarter worth $2,484,319,000. Jupiter Topco LLC purchased a new stake in Ingersoll Rand during the second quarter valued at about $547,628,000. Bank of New York Mellon Corp purchased a new stake in Ingersoll Rand during the second quarter valued at about $328,309,000. T. Rowe Price Investment Management Inc. increased its stake in 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 worth $1,726,308,000 after acquiring an additional 3,423,501 shares during the last quarter. Finally, Bank of America Corp DE acquired a new stake in Ingersoll Rand during the second quarter worth about $204,329,000. 95.27% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Ingersoll Rand

In other news, Director Aurobind Satpathy bought 11,538 shares of the stock in a transaction on Monday, August 3rd. The stock was purchased at an average cost of $86.68 per share, with a total value of $1,000,113.84. Following the purchase, 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 filing with the SEC, which is available at this link. Company insiders own 0.49% of the company’s stock.

Ingersoll Rand Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 13th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand’s dividend payout ratio is presently 3.29%.

Ingersoll Rand Company Profile

Ingersoll Rand Inc (NYSE:IR) is a global provider of mission-critical industrial technologies and solutions. The company serves businesses across manufacturing, energy, life sciences, food and beverage, transportation, and other industrial markets.

Its products and services include air compressors, vacuum and blower systems, fluid management equipment, industrial pumps, and related aftermarket parts and services. Ingersoll Rand also offers technologies used for material handling, power tools, and other specialized industrial applications through a portfolio of established brands, including Ingersoll Rand, Gardner Denver, CompAir, and Club Car.

The modern Ingersoll Rand was formed in 2020 through the combination of Gardner Denver and the industrial segment of the former Ingersoll-Rand plc.