Ingersoll Rand Inc. (NYSE:IR) Stock Has Consensus Price Target of $95.00 According to Analysts

Shares of Ingersoll Rand Inc. (NYSE:IR) have been given a consensus rating of “Moderate Buy” by the eight ratings firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $95.00.

IR has been the subject of a number of recent analyst reports. Morgan Stanley set a $87.00 price objective on Ingersoll Rand in a research note on Monday, August 10th. Wall Street Zen lowered Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Stifel Nicolaus set a $93.00 target price on Ingersoll Rand in a report on Monday, October 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday, October 19th. Finally, Citigroup reaffirmed a “buy” rating on shares of Ingersoll Rand in a report on Monday, October 12th.

Insiders Place Their Bets

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

Institutional Trading of Ingersoll Rand

Several large investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of Ingersoll Rand during the second quarter valued at about $2,484,319,000. Jupiter Topco LLC acquired a new stake in shares of Ingersoll Rand during the second quarter worth $547,628,000. Bank of New York Mellon Corp acquired a new position in shares of Ingersoll Rand in the second quarter worth about $328,309,000. Bank of America Corp DE purchased a new position in Ingersoll Rand during the 2nd quarter worth approximately $204,329,000. Finally, Legal & General Group Plc bought a new position in shares of Ingersoll Rand during the second quarter valued at $169,143,000. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Ingersoll Rand

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

Ingersoll Rand Price Performance

Ingersoll Rand stock opened at $79.91 on Friday. The firm has a fifty day moving average of $76.29 and a 200-day moving average of $81.28. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 0.40. Ingersoll Rand has a 52-week low of $68.07 and a 52-week high of $100.96. The firm has a market capitalization of $31.00 billion, a P/E ratio of 32.88, a PEG ratio of 3.13 and a beta of 1.15.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings data on Thursday, October 29th. The industrial products company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.17. The company had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.05 billion. Ingersoll Rand had a return on equity of 12.90% and a net margin of 12.08%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.86 earnings per share. As a group, analysts predict that Ingersoll Rand will post 3.41 EPS for the current year.

Ingersoll Rand Announces Dividend

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

Ingersoll Rand Company Profile

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.