Analysts Set Ingersoll Rand Inc. (NYSE:IR) PT at $98.00

Shares of Ingersoll Rand Inc. (NYSE:IR) have received an average rating of “Moderate Buy” from the twelve research firms that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $98.00.

Several equities research analysts have weighed in on IR shares. Weiss Ratings restated a “hold (c-)” rating on shares of Ingersoll Rand in a research note on Wednesday, October 8th. Barclays lowered their target price on shares of Ingersoll Rand from $92.00 to $91.00 and set an “overweight” rating for the company in a research note on Monday, August 4th. Citigroup reiterated a “buy” rating and set a $104.00 price objective (up from $91.00) on shares of Ingersoll Rand in a research note on Monday, July 14th. Stifel Nicolaus set a $78.00 price objective on shares of Ingersoll Rand and gave the stock a “hold” rating in a research note on Monday, August 4th. Finally, Melius Research set a $93.00 price objective on shares of Ingersoll Rand in a research note on Monday, July 14th.

Ingersoll Rand Price Performance

Shares of IR opened at $77.13 on Wednesday. The company has a market cap of $30.65 billion, a price-to-earnings ratio of 60.26, a price-to-earnings-growth ratio of 4.53 and a beta of 1.43. Ingersoll Rand has a twelve month low of $65.61 and a twelve month high of $106.03. The company has a quick ratio of 1.63, a current ratio of 2.29 and a debt-to-equity ratio of 0.47. The company has a 50 day moving average of $79.84 and a two-hundred day moving average of $80.18.

Ingersoll Rand (NYSE:IR) last announced its earnings results on Thursday, July 31st. The industrial products company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.85 billion. Ingersoll Rand had a net margin of 7.10% and a return on equity of 12.12%. Ingersoll Rand’s revenue was up 4.6% compared to the same quarter last year. During the same period last year, the firm earned $0.83 earnings per share. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. As a group, analysts predict that Ingersoll Rand will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Thursday, August 14th. Ingersoll Rand’s payout ratio is presently 6.25%.

Institutional Investors Weigh In On Ingersoll Rand

Institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its position in Ingersoll Rand by 29.3% during the first quarter. Farther Finance Advisors LLC now owns 2,945 shares of the industrial products company’s stock valued at $237,000 after purchasing an additional 667 shares during the period. Assenagon Asset Management S.A. lifted its position in Ingersoll Rand by 2.8% during the first quarter. Assenagon Asset Management S.A. now owns 15,037 shares of the industrial products company’s stock valued at $1,203,000 after purchasing an additional 412 shares during the period. Dynamic Advisor Solutions LLC lifted its position in Ingersoll Rand by 19.7% during the first quarter. Dynamic Advisor Solutions LLC now owns 11,823 shares of the industrial products company’s stock valued at $946,000 after purchasing an additional 1,948 shares during the period. Exchange Traded Concepts LLC lifted its position in Ingersoll Rand by 27.5% during the first quarter. Exchange Traded Concepts LLC now owns 2,898 shares of the industrial products company’s stock valued at $232,000 after purchasing an additional 625 shares during the period. Finally, Sowell Financial Services LLC acquired a new position in Ingersoll Rand during the first quarter valued at $262,000. 95.27% of the stock is currently owned by institutional investors and hedge funds.

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.