Zacks Research Lowers Earnings Estimates for Ingersoll Rand

Ingersoll Rand Inc. (NYSE:IR) – Investment analysts at Zacks Research lowered their Q4 2024 earnings estimates for Ingersoll Rand in a research note issued on Wednesday, November 27th. Zacks Research analyst A. Bhattacharjee now forecasts that the industrial products company will post earnings per share of $0.81 for the quarter, down from their prior estimate of $0.82. The consensus estimate for Ingersoll Rand’s current full-year earnings is $3.21 per share. Zacks Research also issued estimates for Ingersoll Rand’s Q2 2025 earnings at $0.80 EPS, Q3 2025 earnings at $0.86 EPS, Q4 2025 earnings at $0.93 EPS, Q1 2026 earnings at $0.77 EPS and FY2026 earnings at $3.61 EPS.

Other equities research analysts also recently issued research reports about the stock. Wolfe Research raised shares of Ingersoll Rand to a “hold” rating in a research note on Friday, September 20th. Morgan Stanley assumed coverage on shares of Ingersoll Rand in a research note on Friday, September 6th. They issued an “equal weight” rating and a $97.00 price target for the company. UBS Group assumed coverage on shares of Ingersoll Rand in a report on Wednesday, November 13th. They issued a “buy” rating and a $124.00 target price on the stock. Barclays boosted their target price on shares of Ingersoll Rand from $101.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Finally, Cfra boosted their target price on shares of Ingersoll Rand from $85.00 to $95.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Ingersoll Rand presently has an average rating of “Moderate Buy” and an average target price of $103.83.

Ingersoll Rand Stock Down 0.8 %

Shares of NYSE IR opened at $104.26 on Monday. The firm has a market cap of $42.02 billion, a P/E ratio of 50.86, a price-to-earnings-growth ratio of 3.99 and a beta of 1.42. The firm’s 50 day moving average price is $100.46 and its 200 day moving average price is $95.35. Ingersoll Rand has a 1 year low of $71.21 and a 1 year high of $106.03. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.36.

Hedge Funds Weigh In On Ingersoll Rand

Several hedge funds have recently added to or reduced their stakes in the stock. FMR LLC grew its stake in Ingersoll Rand by 10.5% in the third quarter. FMR LLC now owns 16,152,094 shares of the industrial products company’s stock valued at $1,585,489,000 after purchasing an additional 1,538,056 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Ingersoll Rand by 9,681.5% in the 3rd quarter. International Assets Investment Management LLC now owns 360,349 shares of the industrial products company’s stock valued at $353,720,000 after purchasing an additional 356,665 shares during the period. Franklin Resources Inc. boosted its stake in Ingersoll Rand by 2.5% in the 3rd quarter. Franklin Resources Inc. now owns 11,597,321 shares of the industrial products company’s stock valued at $1,207,554,000 after purchasing an additional 278,710 shares during the period. Ensign Peak Advisors Inc raised its holdings in Ingersoll Rand by 20.8% in the 2nd quarter. Ensign Peak Advisors Inc now owns 1,454,956 shares of the industrial products company’s stock valued at $132,168,000 after acquiring an additional 250,712 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Ingersoll Rand by 6.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,462,558 shares of the industrial products company’s stock valued at $314,549,000 after acquiring an additional 224,463 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Michael J. Scheske sold 2,531 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $97.44, for a total value of $246,620.64. Following the transaction, the chief accounting officer now owns 11,910 shares in the company, valued at $1,160,510.40. This trade represents a 17.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.68% of the company’s stock.

Ingersoll Rand Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.08 annualized dividend and a yield of 0.08%. Ingersoll Rand’s dividend payout ratio is currently 3.90%.

Ingersoll Rand Company Profile

Ingersoll Rand Inc provides various mission-critical air, gas, liquid, and solid flow creation technologies services and solutions worldwide. It operates through two segments, Industrial Technologies and Services, and Precision and Science Technologies. The Industrial Technologies and Services segment designs, manufactures, markets, and services air and gas compression, vacuum, and blower products; fluid transfer equipment and loading systems; and power tools and lifting equipment, including associated aftermarket parts, consumables, air treatment equipment, controls, other accessories, and services under the under the Ingersoll Rand, Gardner Denver, Nash, CompAir, Elmo Rietschle brands, etc.