Zacks Research Expects Stronger Earnings for Ingersoll Rand

Ingersoll Rand Inc. (NYSE:IR) – Zacks Research boosted their Q2 2028 earnings per share estimates for shares of Ingersoll Rand in a report released on Tuesday, October 6th. Zacks Research analyst Team now anticipates that the industrial products company will earn $1.00 per share for the quarter, up from their previous estimate of $0.99. The consensus estimate for Ingersoll Rand’s current full-year earnings is $3.39 per share.

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

A number of other research firms also recently commented on IR. Morgan Stanley set a $87.00 price target on Ingersoll Rand in a research note on Monday, August 10th. Stifel Nicolaus upgraded Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 price objective on the stock in a research note on Monday, August 3rd. Robert W. Baird increased their target price on Ingersoll Rand from $103.00 to $109.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Wall Street Zen lowered Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Finally, Weiss Ratings upgraded Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $96.14.

Ingersoll Rand Price Performance

IR opened at $77.37 on Wednesday. The company has a market capitalization of $30.02 billion, a P/E ratio of 31.84, a PEG ratio of 3.30 and a beta of 1.15. The company has a 50-day moving average of $78.64 and a 200-day moving average of $78.59. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.15 and a current ratio of 1.62. Ingersoll Rand has a 1-year low of $68.07 and a 1-year high of $100.96.

Ingersoll Rand Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th were 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 was Thursday, August 13th. Ingersoll Rand’s payout ratio is presently 3.29%.

Insider Buying and Selling

In related news, Director Aurobind Satpathy bought 11,538 shares of the stock in a transaction dated Monday, August 3rd. The stock was bought at an average cost of $86.68 per share, with a total value of $1,000,113.84. Following the completion of the acquisition, the director owned 11,538 shares of the company’s stock, valued at $1,000,113.84. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.49% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Groupama Asset Managment raised its position in Ingersoll Rand by 1.7% in the fourth quarter. Groupama Asset Managment now owns 8,146 shares of the industrial products company’s stock worth $645,000 after purchasing an additional 140 shares in the last quarter. Andina Capital Management LLC boosted its holdings in Ingersoll Rand by 2.6% during the fourth quarter. Andina Capital Management LLC now owns 5,628 shares of the industrial products company’s stock valued at $446,000 after purchasing an additional 145 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in Ingersoll Rand by 6.4% during the first quarter. Chicago Partners Investment Group LLC now owns 2,658 shares of the industrial products company’s stock valued at $222,000 after purchasing an additional 160 shares in the last quarter. Ferguson Wellman Capital Management Inc. grew its stake in shares of Ingersoll Rand by 5.0% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 3,647 shares of the industrial products company’s stock valued at $292,000 after purchasing an additional 174 shares during the period. Finally, Personal CFO Solutions LLC grew its stake in shares of Ingersoll Rand by 6.7% in the 1st quarter. Personal CFO Solutions LLC now owns 2,818 shares of the industrial products company’s stock valued at $226,000 after purchasing an additional 176 shares during the period. Institutional investors and hedge funds own 95.27% of the company’s stock.

About Ingersoll Rand

Ingersoll Rand Inc (NYSE:IR) is a global provider of mission-critical industrial technologies and solutions. The company serves businesses across manufacturing, energy, life sciences, food and beverage, transportation, and other industrial markets.

Its products and services include air compressors, vacuum and blower systems, fluid management equipment, industrial pumps, and related aftermarket parts and services. Ingersoll Rand also offers technologies used for material handling, power tools, and other specialized industrial applications through a portfolio of established brands, including Ingersoll Rand, Gardner Denver, CompAir, and Club Car.

The modern Ingersoll Rand was formed in 2020 through the combination of Gardner Denver and the industrial segment of the former Ingersoll-Rand plc.