Ingersoll Rand (NYSE:IR) Announces Earnings Results

Ingersoll Rand (NYSE:IR) posted its quarterly earnings results on Thursday. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.17, FiscalAI reports. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same period last year, the firm posted $0.86 EPS. Ingersoll Rand’s revenue for the quarter was up 5.6% compared to the same quarter last year.

Ingersoll Rand Stock Performance

Shares of IR traded up $4.46 during trading hours on Thursday, hitting $79.91. The stock had a trading volume of 8,449,400 shares, compared to its average volume of 4,275,196. The firm has a 50-day moving average price of $76.29 and a 200 day moving average price of $81.28. Ingersoll Rand has a fifty-two week low of $68.07 and a fifty-two week high of $100.96. The firm has a market capitalization of $31.00 billion, a price-to-earnings ratio of 32.88, a PEG ratio of 3.13 and a beta of 1.15. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 12th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Thursday, November 12th. Ingersoll Rand’s payout ratio is currently 3.29%.

Ingersoll Rand News Roundup

Here are the key news stories impacting Ingersoll Rand this week:

• Positive Sentiment: Adjusted earnings were $1.07 per share, well above the $0.89–$0.90 analyst consensus and up from $0.86 a year earlier. The earnings beat is the primary catalyst for the stock’s increase. Ingersoll Rand Q3 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Revenue reached $2.06 billion, narrowly beating the $2.05 billion estimate and increasing 5.6% year over year. The combination of sales growth and stronger-than-expected profitability suggests solid operating execution. Ingersoll Rand Q3 Earnings Flash
• Positive Sentiment: Coverage also pointed to strong industrial orders, providing an encouraging signal for future demand and helping explain the favorable market reaction. Ingersoll Rand Jumps After Earnings
• Neutral Sentiment: Investors will continue to assess segment growth, acquisition synergies and the company’s outlook. Earlier previews identified rising costs and currency headwinds as potential pressures on margins, although the reported quarter still produced a significant earnings beat. Ingersoll Rand Q3 Earnings Preview

Insider Buying and Selling

In other news, Director Aurobind Satpathy purchased 11,538 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were bought at an average price of $86.68 per share, for a total transaction of $1,000,113.84. Following the completion of the transaction, the director owned 11,538 shares in the company, valued at $1,000,113.84. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on IR. Stifel Nicolaus set a $93.00 price objective on shares of Ingersoll Rand in a report on Monday, October 19th. Morgan Stanley set a $87.00 target price on shares of Ingersoll Rand in a report on Monday, August 10th. Citigroup restated a “buy” rating on shares of Ingersoll Rand in a research report on Monday, October 12th. Wall Street Zen lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingersoll Rand in a research report on Monday, October 19th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $95.00.

About Ingersoll Rand

Ingersoll Rand Inc (NYSE:IR) is a global provider of mission-critical industrial technologies and solutions. The company designs and manufactures equipment used to manage air, gas, fluids, and other industrial processes, serving customers in manufacturing, energy, food and beverage, life sciences, transportation, and other markets.

Its portfolio includes air compressors, vacuum and blower systems, fluid-handling equipment, pumps, dosing and dispensing systems, and related aftermarket parts and services.