Brokerages Set Ingersoll Rand Inc. (NYSE:IR) Price Target at $92.75

Shares of Ingersoll Rand Inc. (NYSE:IR) have earned an average recommendation of “Hold” from the nine analysts that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $92.75.

A number of equities analysts have recently weighed in on IR shares. Wall Street Zen downgraded Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Stifel Nicolaus lowered their price objective on shares of Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating on the stock in a research report on Tuesday, April 14th. Robert W. Baird set a $103.00 price objective on shares of Ingersoll Rand in a research note on Thursday, April 30th. Morgan Stanley decreased their target price on shares of Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 3rd. Finally, Evercore set a $84.00 price target on shares of Ingersoll Rand in a report on Monday, May 11th.

Ingersoll Rand Price Performance

IR opened at $81.52 on Monday. The firm has a market capitalization of $31.90 billion, a P/E ratio of 55.08, a PEG ratio of 5.17 and a beta of 1.19. The stock has a fifty day moving average of $75.96 and a 200-day moving average of $82.59. The company has a quick ratio of 1.59, a current ratio of 2.23 and a debt-to-equity ratio of 0.47. Ingersoll Rand has a 12-month low of $68.07 and a 12-month high of $100.96.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.03. Ingersoll Rand had a return on equity of 12.79% and a net margin of 7.54%.The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same period in the previous year, the firm earned $0.72 earnings per share. Ingersoll Rand’s quarterly revenue was up 7.6% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Equities analysts forecast that Ingersoll Rand will post 3.37 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

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

Insider Buying and Selling at Ingersoll Rand

In other news, insider Vicente Reynal sold 30,492 shares of Ingersoll Rand stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $88.00, for a total transaction of $2,683,296.00. Following the completion of the sale, the insider directly owned 209,534 shares in the company, valued at $18,438,992. The trade was a 12.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.49% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ingersoll Rand

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IR. Deseret Mutual Benefit Administrators grew its position 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 worth $28,000 after acquiring an additional 112 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new position in shares of Ingersoll Rand during the 4th quarter worth $29,000. Reflection Asset Management bought a new position in shares of Ingersoll Rand during the 4th quarter valued at $31,000. Torren Management LLC acquired a new stake in shares of Ingersoll Rand in the 4th quarter valued at $32,000. Finally, Salomon & Ludwin LLC boosted its holdings in Ingersoll Rand by 166.9% in the fourth quarter. Salomon & Ludwin LLC now owns 427 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 267 shares in the last quarter. Institutional investors own 95.27% of the company’s stock.

About Ingersoll Rand

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.