Ingersoll Rand (NYSE:IR) Raised to “Buy” at Wall Street Zen

Ingersoll Rand (NYSE:IR) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

A number of other brokerages also recently weighed in on IR. Evercore set a $84.00 price target on shares of Ingersoll Rand in a report on Monday, May 11th. Morgan Stanley decreased their price objective on shares of Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating for the company in a report on Wednesday, June 3rd. Weiss Ratings raised shares of Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 21st. Barclays dropped 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. Finally, Wells Fargo & Company reduced their target price on shares of Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $91.86.

Ingersoll Rand Stock Performance

Shares of Ingersoll Rand stock opened at $84.24 on Friday. The business’s fifty day simple moving average is $76.56 and its 200 day simple moving average is $82.64. The company has a current ratio of 2.23, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47. Ingersoll Rand has a 12 month low of $68.07 and a 12 month high of $100.96. The firm has a market capitalization of $32.97 billion, a P/E ratio of 56.92, a price-to-earnings-growth ratio of 5.34 and a beta of 1.17.

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

Institutional Investors Weigh In On Ingersoll Rand

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IR. Tema ETFs LLC lifted its holdings in Ingersoll Rand by 3.1% during the second quarter. Tema ETFs LLC now owns 135,039 shares of the industrial products company’s stock valued at $11,072,000 after purchasing an additional 4,064 shares during the last quarter. Handelsbanken Fonder AB increased its stake in shares of Ingersoll Rand by 77.0% in the second 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 in the last quarter. Allied Private Wealth LLC bought a new stake in shares of Ingersoll Rand in the second quarter valued at approximately $76,000. Wealth Science Advisors LLC raised its position in shares of 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 period. Finally, Czech National Bank lifted its stake in shares of Ingersoll Rand by 4.6% during the 2nd quarter. Czech National Bank now owns 101,364 shares of the industrial products company’s stock valued at $8,311,000 after buying an additional 4,430 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors.

Ingersoll Rand Company Profile

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.