Ingersoll Rand Inc. (NYSE:IR) Receives $96.14 Consensus Target Price from Brokerages

Shares of Ingersoll Rand Inc. (NYSE:IR) have received an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $96.1429.

IR has been the topic of several research reports. Evercore set a $84.00 price target on Ingersoll Rand in a report on Monday, May 11th. Stifel Nicolaus upgraded shares of Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a research report on Monday, August 3rd. Robert W. Baird raised their price objective on shares of Ingersoll Rand from $103.00 to $109.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Weiss Ratings upgraded Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 21st. Finally, Morgan Stanley set a $87.00 target price on Ingersoll Rand in a research note on Monday, August 10th.

Ingersoll Rand Trading Down 0.0%

NYSE:IR opened at $76.34 on Friday. Ingersoll Rand has a 1 year low of $68.07 and a 1 year high of $100.96. The business has a fifty day moving average of $81.57 and a 200-day moving average of $80.87. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.15 and a current ratio of 1.62. The stock has a market cap of $29.62 billion, a price-to-earnings ratio of 31.42, a PEG ratio of 4.80 and a beta of 1.15.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the business earned $0.80 earnings per share. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. Equities analysts predict that Ingersoll Rand will post 3.39 earnings per share for the current year.

Ingersoll Rand Announces Dividend

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 dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Ingersoll Rand’s dividend payout ratio (DPR) is 3.29%.

Insider Activity at Ingersoll Rand

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

Institutional Trading of Ingersoll Rand

A number of institutional investors have recently added to or reduced their stakes in IR. Parkside Financial Bank & Trust grew its position in Ingersoll Rand by 269.8% in the second quarter. Parkside Financial Bank & Trust now owns 4,859 shares of the industrial products company’s stock worth $398,000 after acquiring an additional 3,545 shares in the last quarter. Amundi raised its holdings in Ingersoll Rand by 19.3% during the second quarter. Amundi now owns 3,282,920 shares of the industrial products company’s stock valued at $269,175,000 after buying an additional 531,095 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of Ingersoll Rand by 6,908.7% in the second quarter. California State Teachers Retirement System now owns 44,276,076 shares of the industrial products company’s stock worth $3,630,195,000 after buying an additional 43,644,342 shares during the last quarter. Saudi Central Bank raised its stake in shares of Ingersoll Rand by 88.0% in the 2nd quarter. Saudi Central Bank now owns 27,412 shares of the industrial products company’s stock valued at $2,248,000 after acquiring an additional 12,828 shares in the last quarter. Finally, Angeles Wealth Management LLC acquired a new stake in Ingersoll Rand in the 2nd quarter worth approximately $224,000. 95.27% of the stock is currently owned by institutional investors and hedge funds.

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.