Shares of Ingersoll Rand Inc. (NYSE:IR – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $91.8571.
Several research analysts have recently weighed in on the stock. Wells Fargo & Company dropped their price target on shares of Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Morgan Stanley reduced their price target on Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 3rd. Wall Street Zen downgraded Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Robert W. Baird set a $103.00 price objective on Ingersoll Rand in a research report on Thursday, April 30th. Finally, Barclays cut their price objective on Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th.
View Our Latest Report on Ingersoll Rand
Ingersoll Rand Stock Up 0.9%
Ingersoll Rand (NYSE:IR – Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Ingersoll Rand had a return on equity of 12.79% and a net margin of 7.54%.Ingersoll Rand’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.72 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Equities research analysts forecast that Ingersoll Rand will post 3.37 earnings per share for the current year.
Ingersoll Rand Announces Dividend
The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Thursday, May 14th. Ingersoll Rand’s dividend payout ratio is presently 5.41%.
Institutional Trading of Ingersoll Rand
Institutional investors and hedge funds have recently modified their holdings of the company. Nordea Investment Management AB lifted its holdings in Ingersoll Rand by 9.9% in the 4th quarter. Nordea Investment Management AB now owns 2,219,327 shares of the industrial products company’s stock worth $177,324,000 after purchasing an additional 200,689 shares in the last quarter. Hudson Bay Capital Management LP purchased a new stake in Ingersoll Rand during the 3rd quarter valued at approximately $1,533,000. Fifth Third Bancorp raised its position in shares of Ingersoll Rand by 388.7% during the first quarter. Fifth Third Bancorp now owns 81,961 shares of the industrial products company’s stock valued at $6,567,000 after buying an additional 65,189 shares during the last quarter. Swiss Life Asset Management Ltd lifted its holdings in shares of Ingersoll Rand by 29.5% in the third quarter. Swiss Life Asset Management Ltd now owns 89,431 shares of the industrial products company’s stock worth $7,389,000 after buying an additional 20,381 shares in the last quarter. Finally, National Pension Service boosted its position in shares of Ingersoll Rand by 3.0% during the fourth quarter. National Pension Service now owns 636,270 shares of the industrial products company’s stock worth $50,405,000 after acquiring an additional 18,289 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors.
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.
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