Ingersoll Rand (NYSE:IR) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Ingersoll Rand (NYSE:IRFree Report) from a hold rating to a buy rating in a research note published on Saturday morning.

Several other research analysts also recently commented on IR. Weiss Ratings raised shares of Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. Robert W. Baird set a $103.00 target price on shares of Ingersoll Rand in a report on Thursday, April 30th. Evercore set a $84.00 target price on shares of Ingersoll Rand in a research report on Monday, May 11th. Citigroup lowered their price target on shares of Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Finally, Barclays cut their price target on shares of Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $91.86.

Read Our Latest Research Report on Ingersoll Rand

Ingersoll Rand Stock Performance

Shares of NYSE IR opened at $84.24 on Friday. The stock has a market cap of $32.97 billion, a price-to-earnings ratio of 56.92, a P/E/G ratio of 5.34 and a beta of 1.17. The company has a current ratio of 2.23, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47. Ingersoll Rand has a 1-year low of $68.07 and a 1-year high of $100.96. The stock’s 50-day moving average is $76.56 and its 200 day moving average is $82.64.

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

Ingersoll Rand Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Thursday, August 13th. Ingersoll Rand’s dividend payout ratio is 5.41%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in IR. Capital International Investors boosted its position in Ingersoll Rand by 4.7% during the 4th quarter. Capital International Investors now owns 52,353,914 shares of the industrial products company’s stock valued at $4,147,878,000 after buying an additional 2,351,781 shares during the period. T. Rowe Price Investment Management Inc. increased its position in shares of Ingersoll Rand by 18.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 21,791,309 shares of the industrial products company’s stock valued at $1,726,308,000 after acquiring an additional 3,423,501 shares during the period. Capital Research Global Investors raised its stake in shares of Ingersoll Rand by 1.2% during the fourth quarter. Capital Research Global Investors now owns 19,476,801 shares of the industrial products company’s stock valued at $1,543,017,000 after acquiring an additional 222,125 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Ingersoll Rand by 8.6% during the fourth quarter. Franklin Resources Inc. now owns 15,641,979 shares of the industrial products company’s stock valued at $1,239,158,000 after acquiring an additional 1,237,527 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Ingersoll Rand by 0.9% during the fourth quarter. State Street Corp now owns 15,458,763 shares of the industrial products company’s stock worth $1,224,643,000 after purchasing an additional 137,325 shares during the period. 95.27% of the stock is owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for Ingersoll Rand (NYSE:IR)

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