Ingersoll Rand Inc. (NYSE:IR) Receives Consensus Rating of “Hold” from Analysts

Shares of Ingersoll Rand Inc. (NYSE:IR) have been given an average recommendation of “Hold” by the twelve analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $93.90.

IR has been the topic of several research analyst reports. Morgan Stanley dropped their price objective on Ingersoll Rand from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 13th. Citigroup lowered their target price on Ingersoll Rand from $94.00 to $91.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Wells Fargo & Company increased their price target on Ingersoll Rand from $83.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a report on Thursday. Finally, Barclays lowered their price objective 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.

Ingersoll Rand Trading Down 1.1%

Shares of IR opened at $75.34 on Friday. The firm has a market capitalization of $29.77 billion, a price-to-earnings ratio of 55.81, a PEG ratio of 4.85 and a beta of 1.43. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.16 and a quick ratio of 1.51. Ingersoll Rand has a 1-year low of $65.61 and a 1-year high of $106.03. The company has a 50-day moving average of $79.33 and a 200 day moving average of $81.07.

Ingersoll Rand (NYSE:IR) last issued its earnings results on Thursday, October 30th. The industrial products company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.95 billion. Ingersoll Rand had a return on equity of 12.14% and a net margin of 7.31%.Ingersoll Rand’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 earnings per share. Ingersoll Rand has set its FY 2025 guidance at 3.250-3.310 EPS. On average, research analysts expect that Ingersoll Rand will post 3.32 EPS for the current year.

Ingersoll Rand Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Thursday, November 13th. Ingersoll Rand’s dividend payout ratio is presently 5.93%.

Hedge Funds Weigh In On Ingersoll Rand

A number of large investors have recently bought and sold shares of IR. NewSquare Capital LLC boosted its position in Ingersoll Rand by 150.7% during the 2nd quarter. NewSquare Capital LLC now owns 341 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 205 shares in the last quarter. Heartwood Wealth Advisors LLC purchased a new stake in shares of Ingersoll Rand during the 3rd quarter worth $36,000. Grey Fox Wealth Advisors LLC bought a new stake in Ingersoll Rand during the third quarter valued at about $36,000. Larson Financial Group LLC grew its stake in Ingersoll Rand by 136.4% in the first quarter. Larson Financial Group LLC now owns 494 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 285 shares during the last quarter. Finally, Westside Investment Management Inc. raised its holdings in Ingersoll Rand by 100.0% in the third quarter. Westside Investment Management Inc. now owns 464 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 232 shares in the last quarter. Institutional investors own 95.27% of the company’s stock.

About Ingersoll Rand

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.