Ingersoll Rand Inc. (NYSE:IR) Given Consensus Recommendation of “Hold” by Brokerages

Ingersoll Rand Inc. (NYSE:IR) has earned a consensus recommendation of “Hold” from the nine research firms that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $98.00.

A number of research analysts have recently issued reports on the stock. Stifel Nicolaus cut their target price on shares of Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating for the company in a research note on Tuesday. Wells Fargo & Company cut their target price on shares of Ingersoll Rand from $110.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a research note on Friday, March 27th. Barclays cut their target price on shares of Ingersoll Rand from $111.00 to $100.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Finally, Citigroup cut their target price on shares of Ingersoll Rand from $117.00 to $113.00 and set a “buy” rating for the company in a research note on Monday.

Insiders Place Their Bets

In related news, insider Elizabeth Meloy Hepding sold 18,246 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $97.11, for a total value of $1,771,869.06. Following the completion of the sale, the insider owned 16,200 shares of the company’s stock, valued at $1,573,182. This trade represents a 52.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Vikram Kini sold 28,367 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $96.50, for a total transaction of $2,737,415.50. Following the completion of the sale, the chief financial officer directly owned 98,517 shares of the company’s stock, valued at approximately $9,506,890.50. This represents a 22.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 584,771 shares of company stock valued at $54,976,547 over the last quarter. Company insiders own 0.68% of the company’s stock.

Institutional Trading of Ingersoll Rand

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. World Investment Advisors acquired a new stake in shares of Ingersoll Rand in the fourth quarter valued at approximately $231,000. Reflection Asset Management acquired a new stake in Ingersoll Rand during the 4th quarter worth $31,000. Groupama Asset Managment grew its holdings in Ingersoll Rand by 1.7% during the 4th quarter. Groupama Asset Managment now owns 8,146 shares of the industrial products company’s stock worth $645,000 after acquiring an additional 140 shares during the period. MidFirst Bank acquired a new stake in Ingersoll Rand during the 4th quarter worth $40,000. Finally, T. Rowe Price Investment Management Inc. grew its holdings 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 period. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Stock Up 0.8%

Shares of IR opened at $88.35 on Wednesday. The stock has a market cap of $34.60 billion, a price-to-earnings ratio of 60.93, a P/E/G ratio of 5.46 and a beta of 1.33. The company has a quick ratio of 1.49, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. Ingersoll Rand has a 12 month low of $68.97 and a 12 month high of $100.96. The company has a 50-day moving average price of $88.34 and a two-hundred day moving average price of $83.52.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings results on Thursday, February 12th. The industrial products company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Ingersoll Rand had a net margin of 7.60% and a return on equity of 12.62%. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.84 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Equities analysts predict that Ingersoll Rand will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Wednesday, March 4th were issued a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Ingersoll Rand’s dividend payout ratio (DPR) is currently 5.52%.

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.