Wall Street Zen Downgrades Ingersoll Rand (NYSE:IR) to Hold

Ingersoll Rand (NYSE:IR) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Sunday.

Other analysts have also recently issued reports about the company. Morgan Stanley dropped their price target on Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 3rd. Weiss Ratings upgraded Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. Robert W. Baird set a $103.00 target price on Ingersoll Rand in a research report on Thursday, April 30th. Evercore set a $84.00 price target on shares of Ingersoll Rand in a research report on Monday, May 11th. Finally, Citigroup cut their price objective on shares of Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $95.14.

Ingersoll Rand Stock Up 5.2%

IR stock opened at $87.74 on Friday. The firm has a market cap of $34.34 billion, a price-to-earnings ratio of 36.11, a PEG ratio of 5.27 and a beta of 1.17. Ingersoll Rand has a 1-year low of $68.07 and a 1-year high of $100.96. The firm has a fifty day moving average price of $78.36 and a two-hundred day moving average price of $82.68. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.62 and a quick ratio of 1.15.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.03. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the business earned $0.80 earnings per share. Ingersoll Rand’s quarterly revenue was up 8.5% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. Research analysts predict that Ingersoll Rand will post 3.37 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IR. Mill Capital Management LLC bought a new stake in Ingersoll Rand during the second quarter worth approximately $1,074,000. Tema ETFs LLC boosted its stake in Ingersoll Rand by 3.1% during the 2nd quarter. Tema ETFs LLC now owns 135,039 shares of the industrial products company’s stock valued at $11,072,000 after purchasing an additional 4,064 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in Ingersoll Rand by 77.0% during the 2nd quarter. Handelsbanken Fonder AB now owns 6,405 shares of the industrial products company’s stock valued at $525,000 after purchasing an additional 2,786 shares in the last quarter. Allied Private Wealth LLC acquired a new position in shares of Ingersoll Rand during the 2nd quarter valued at $76,000. Finally, Wealth Science Advisors LLC boosted its stake in Ingersoll Rand by 63.0% during the second quarter. Wealth Science Advisors LLC now owns 3,735 shares of the industrial products company’s stock valued at $306,000 after buying an additional 1,444 shares in 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.