Ingersoll Rand Inc. (NYSE:IR) Receives $92.71 Average Price Target from Brokerages

Shares of Ingersoll Rand Inc. (NYSE:IR) have been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $92.7143.

IR has been the topic of several research analyst reports. Robert W. Baird set a $103.00 target price on shares of Ingersoll Rand in a research report on Thursday, April 30th. Citigroup decreased their price target 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. Wall Street Zen cut shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Morgan Stanley dropped their price objective on Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating for the company in a report on Wednesday, June 3rd. Finally, Weiss Ratings lowered Ingersoll Rand from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th.

Hedge Funds Weigh In On Ingersoll Rand

Several hedge funds and other institutional investors have recently modified their holdings of the company. Deseret Mutual Benefit Administrators raised its holdings in Ingersoll Rand by 46.9% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock valued at $28,000 after buying an additional 112 shares during the period. Hilton Head Capital Partners LLC acquired a new stake in shares of Ingersoll Rand in the fourth quarter worth $29,000. Reflection Asset Management acquired a new position in shares of Ingersoll Rand during the 4th quarter valued at $31,000. Torren Management LLC purchased a new stake in Ingersoll Rand during the 4th quarter worth $32,000. Finally, Salomon & Ludwin LLC boosted its position in Ingersoll Rand by 166.9% during the 4th quarter. Salomon & Ludwin LLC now owns 427 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 267 shares during the period. 95.27% of the stock is owned by institutional investors and hedge funds.

Ingersoll Rand Stock Up 0.1%

IR stock opened at $82.29 on Friday. The stock has a market capitalization of $32.20 billion, a P/E ratio of 55.60, a PEG ratio of 5.20 and a beta of 1.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 2.23. Ingersoll Rand has a one year low of $68.07 and a one year high of $100.96. The company has a 50 day moving average price of $75.51 and a two-hundred day moving average price of $82.56.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share for the quarter, topping 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 analyst estimates of $1.83 billion. During the same quarter in the prior year, the company posted $0.72 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. As a group, sell-side analysts expect that Ingersoll Rand will post 3.37 EPS for the current year.

Ingersoll Rand Dividend Announcement

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

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.