Ingersoll Rand (NYSE:IR) Hits New 52-Week Low – Here’s What Happened

Ingersoll Rand Inc. (NYSE:IR) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $70.01 and last traded at $70.75, with a volume of 49472 shares. The stock had previously closed at $70.35.

Analyst Upgrades and Downgrades

IR has been the topic of several research analyst reports. Barclays cut their target price on shares of Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Wells Fargo & Company lowered their price objective on shares of Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Stifel Nicolaus lowered their price objective on shares of Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating on the stock in a report on Tuesday, April 14th. Evercore set a $84.00 price objective on shares of Ingersoll Rand in a report on Monday, May 11th. Finally, Robert W. Baird set a $103.00 price objective on shares of Ingersoll Rand in a report on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Ingersoll Rand currently has an average rating of “Hold” and an average target price of $93.38.

Ingersoll Rand Stock Performance

The company’s fifty day moving average price is $80.72 and its 200 day moving average price is $83.32. The company has a market cap of $26.81 billion, a PE ratio of 46.29, a P/E/G ratio of 4.42 and a beta of 1.25. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.23 and a quick ratio of 1.59.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. Ingersoll Rand had a net margin of 7.54% and a return on equity of 12.79%. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the company posted $0.72 earnings per share. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. On average, equities research analysts predict that Ingersoll Rand Inc. will post 3.37 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Thursday, May 14th. Ingersoll Rand’s dividend payout ratio (DPR) is 5.41%.

Insider Buying and Selling

In related news, insider Vicente Reynal sold 30,492 shares of the firm’s stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $88.00, for a total transaction of $2,683,296.00. Following the completion of the sale, the insider owned 209,534 shares in the company, valued at approximately $18,438,992. This trade represents a 12.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John Humphrey sold 4,300 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $95.90, for a total transaction of $412,370.00. Following the sale, the director owned 23,983 shares of the company’s stock, valued at $2,299,969.70. This trade represents a 15.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 181,203 shares of company stock worth $16,942,202. Insiders own 0.49% of the company’s stock.

Hedge Funds Weigh In On Ingersoll Rand

Large investors have recently modified their holdings of the business. Nordea Investment Management AB increased its stake in shares of Ingersoll Rand by 9.9% in the fourth quarter. Nordea Investment Management AB now owns 2,219,327 shares of the industrial products company’s stock worth $177,324,000 after purchasing an additional 200,689 shares in the last quarter. Hudson Bay Capital Management LP purchased a new position in shares of Ingersoll Rand in the third quarter worth about $1,533,000. National Pension Service increased its stake in shares of Ingersoll Rand by 2.7% in the third quarter. National Pension Service now owns 617,981 shares of the industrial products company’s stock worth $51,058,000 after purchasing an additional 16,084 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Ingersoll Rand by 79.0% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 28,411 shares of the industrial products company’s stock worth $2,347,000 after purchasing an additional 12,539 shares in the last quarter. Finally, Varma Mutual Pension Insurance Co increased its stake in shares of Ingersoll Rand by 8.8% in the third quarter. Varma Mutual Pension Insurance Co now owns 154,664 shares of the industrial products company’s stock worth $12,778,000 after purchasing an additional 12,500 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

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.