Ingersoll Rand (NYSE:IR) Upgraded at Stifel Nicolaus

Stifel Nicolaus upgraded shares of Ingersoll Rand (NYSE:IR) from a hold rating to a buy rating in a research report report published on Monday, Marketbeat Ratings reports. They currently have $101.00 price objective on the industrial products company’s stock.

IR has been the subject of a number of other reports. Weiss Ratings upgraded Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. Wall Street Zen downgraded shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Sunday. Robert W. Baird lifted their price objective on shares of Ingersoll Rand from $103.00 to $109.00 and gave the company an “outperform” rating in a research note on Monday. Barclays dropped their target price on shares of Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Finally, Morgan Stanley cut their target price on shares of Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 3rd. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $95.14.

Ingersoll Rand Stock Performance

Shares of Ingersoll Rand stock opened at $89.97 on Monday. The business has a 50-day moving average price of $79.08 and a two-hundred day moving average price of $82.72. Ingersoll Rand has a 1-year low of $68.07 and a 1-year high of $100.96. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.40. The company has a market cap of $34.91 billion, a P/E ratio of 37.02, a PEG ratio of 5.66 and a beta of 1.17.

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

Ingersoll Rand Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, August 13th. Ingersoll Rand’s dividend payout ratio (DPR) is 3.29%.

Insider Activity at Ingersoll Rand

In other news, Director Aurobind Satpathy acquired 11,538 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was purchased at an average price of $86.68 per share, for a total transaction of $1,000,113.84. Following the completion of the acquisition, the director directly owned 11,538 shares in the company, valued at $1,000,113.84. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.49% of the stock is currently owned by corporate insiders.

Institutional Trading of Ingersoll Rand

Several hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp boosted its holdings in Ingersoll Rand by 388.7% during the first quarter. Fifth Third Bancorp now owns 81,961 shares of the industrial products company’s stock worth $6,567,000 after purchasing an additional 65,189 shares during the last quarter. National Pension Service increased its stake in Ingersoll Rand by 3.0% in the 4th quarter. National Pension Service now owns 636,270 shares of the industrial products company’s stock valued at $50,405,000 after buying an additional 18,289 shares during the last quarter. Strs Ohio lifted its position in shares of Ingersoll Rand by 11.2% during the 4th quarter. Strs Ohio now owns 237,624 shares of the industrial products company’s stock worth $18,825,000 after buying an additional 23,974 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of Ingersoll Rand by 4.4% in the 1st quarter. Hsbc Holdings PLC now owns 705,454 shares of the industrial products company’s stock worth $56,415,000 after buying an additional 29,914 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Ingersoll Rand in the 4th quarter worth approximately $407,915,000. Institutional investors and hedge funds 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.