Ingersoll Rand (NYSE:IR) Trading Up 6.5% – Still a Buy?

Ingersoll Rand Inc. (NYSE:IR) shares shot up 6.5% during trading on Thursday . The company traded as high as $83.77 and last traded at $84.2990. Approximately 717,857 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 3,857,698 shares. The stock had previously closed at $79.14.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Robert W. Baird set a $103.00 price target on Ingersoll Rand in a report on Thursday, April 30th. Wall Street Zen downgraded Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Evercore set a $84.00 price objective on Ingersoll Rand in a report on Monday, May 11th. 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 note on Thursday, April 30th. Finally, Morgan Stanley decreased their target price on Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 3rd. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $92.71.

Ingersoll Rand Trading Up 6.6%

The business has a fifty day moving average price of $75.23 and a 200-day moving average price of $82.52. The company has a quick ratio of 1.59, a current ratio of 2.23 and a debt-to-equity ratio of 0.47. The company has a market cap of $33.00 billion, a P/E ratio of 57.05, a PEG ratio of 5.00 and a beta of 1.17.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.03. The business 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%.The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the firm posted $0.72 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. On average, analysts forecast that Ingersoll Rand Inc. will post 3.37 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were paid a $0.02 dividend. The ex-dividend date was Thursday, May 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand’s dividend payout ratio is 5.41%.

Institutional Trading of Ingersoll Rand

A number of institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC grew its position in Ingersoll Rand by 12.7% during the first quarter. AQR Capital Management LLC now owns 37,078 shares of the industrial products company’s stock worth $2,904,000 after buying an additional 4,167 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Ingersoll Rand by 4.8% in the 1st quarter. NewEdge Advisors LLC now owns 6,168 shares of the industrial products company’s stock valued at $494,000 after acquiring an additional 282 shares in the last quarter. Empowered Funds LLC raised its holdings in Ingersoll Rand by 6.2% in the 1st quarter. Empowered Funds LLC now owns 7,731 shares of the industrial products company’s stock valued at $619,000 after acquiring an additional 454 shares in the last quarter. Woodline Partners LP bought a new stake in shares of Ingersoll Rand during the 1st quarter valued at $643,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Ingersoll Rand by 663.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 74,615 shares of the industrial products company’s stock worth $6,206,000 after purchasing an additional 64,838 shares in the last quarter. Institutional investors own 95.27% of the company’s stock.

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.