Analysts Set Ingersoll Rand Inc. (NYSE:IR) Target Price at $93.38

Ingersoll Rand Inc. (NYSE:IRGet Free Report) has earned a consensus rating of “Hold” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $93.3750.

IR has been the subject of a number of research reports. Barclays decreased their target price on shares of Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Evercore set a $84.00 price target on shares of Ingersoll Rand in a research note on Monday, May 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a research note on Friday, March 27th. Robert W. Baird set a $103.00 price target on shares of Ingersoll Rand in a research note on Thursday, April 30th. Finally, Citigroup dropped their price target on shares of Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th.

Get Our Latest Report on IR

Insider Buying and Selling at Ingersoll Rand

In other news, insider Vicente Reynal sold 30,492 shares of Ingersoll Rand stock in a transaction on Monday, April 13th. The shares were sold at an average price of $88.00, for a total transaction of $2,683,296.00. Following the transaction, the insider owned 209,534 shares in the company, valued at $18,438,992. This trade represents a 12.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.49% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

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

Ingersoll Rand Price Performance

Shares of IR opened at $71.15 on Thursday. The company has a market capitalization of $27.84 billion, a P/E ratio of 48.07, a price-to-earnings-growth ratio of 4.53 and a beta of 1.20. The company has a quick ratio of 1.59, a current ratio of 2.23 and a debt-to-equity ratio of 0.47. The firm has a 50 day moving average of $78.44 and a 200 day moving average of $82.92. Ingersoll Rand has a twelve month low of $68.07 and a twelve month high of $100.96.

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

Ingersoll Rand Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be 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 is Thursday, May 14th. Ingersoll Rand’s dividend payout ratio (DPR) is currently 5.41%.

Ingersoll Rand Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Ingersoll Rand (NYSE:IR)

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