Ingersoll Rand (NYSE:IR) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Ingersoll Rand (NYSE:IR) from a buy rating to a hold rating in a report released on Sunday morning.

IR has been the topic of several other research reports. Barclays cut their target price on Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Morgan Stanley lowered their price target on Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 3rd. Evercore set a $84.00 price objective on Ingersoll Rand in a research note on Monday, May 11th. Weiss Ratings raised shares of Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. Finally, Stifel Nicolaus lowered their target price on shares of Ingersoll Rand from $85.00 to $84.00 and set a “hold” rating for the company in a report on Monday, July 20th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Ingersoll Rand has an average rating of “Moderate Buy” and a consensus target price of $95.14.

Ingersoll Rand Trading Up 1.8%

IR opened at $89.32 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.62 and a quick ratio of 1.15. 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 $34.65 billion, a PE ratio of 36.76, a P/E/G ratio of 5.55 and a beta of 1.17. The company’s 50-day moving average is $78.70 and its 200 day moving average is $82.70.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.03. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.80 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. As a group, research analysts predict that Ingersoll Rand will post 3.37 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Thursday, August 13th. Ingersoll Rand’s payout ratio is 3.29%.

Institutional Trading of Ingersoll Rand

A number of large investors have recently added to or reduced their stakes in IR. Mill Capital Management LLC purchased a new position in Ingersoll Rand in the second quarter valued at about $1,074,000. Tema ETFs LLC increased its stake in shares of Ingersoll Rand by 3.1% during the 2nd quarter. Tema ETFs LLC now owns 135,039 shares of the industrial products company’s stock worth $11,072,000 after purchasing an additional 4,064 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Ingersoll Rand by 77.0% in the 2nd quarter. Handelsbanken Fonder AB now owns 6,405 shares of the industrial products company’s stock worth $525,000 after purchasing an additional 2,786 shares during the period. Allied Private Wealth LLC bought a new stake in shares of Ingersoll Rand in the 2nd quarter worth approximately $76,000. Finally, Wealth Science Advisors LLC lifted its stake in Ingersoll Rand by 63.0% in the second quarter. Wealth Science Advisors LLC now owns 3,735 shares of the industrial products company’s stock valued at $306,000 after purchasing an additional 1,444 shares during 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.