Key Points
- Director Aurobind Satpathy bought 11,538 Ingersoll Rand shares at an average price of $86.68, representing a total investment of approximately $1.0 million.
- Ingersoll Rand exceeded quarterly expectations, reporting $0.86 EPS versus the $0.83 consensus and revenue of $2.05 billion, up 8.5% year over year.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $95.14; the company also declared a quarterly dividend of $0.02 per share.
Ingersoll Rand Inc. (NYSE:IR - Get Free Report) Director Aurobind Satpathy acquired 11,538 shares of the business's stock in a transaction on Monday, August 3rd. The shares were purchased at an average price of $86.68 per share, with a total value of $1,000,113.84. Following the transaction, the director owned 11,538 shares in the company, valued at $1,000,113.84. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Ingersoll Rand Stock Up 0.6%
IR stock opened at $89.97 on Thursday. The stock has a market capitalization of $34.91 billion, a PE ratio of 37.02, a price-to-earnings-growth ratio of 5.66 and a beta of 1.17. The company has a fifty day moving average of $79.08 and a 200-day moving average of $82.72. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.15 and a current ratio of 1.62. Ingersoll Rand Inc. has a one year low of $68.07 and a one year high of $100.96.
Ingersoll Rand (NYSE:IR - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.03. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.96 billion. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. The business's revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.80 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. As a group, analysts expect that Ingersoll Rand Inc. will post 3.37 EPS for the current year.
Ingersoll Rand Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be given a dividend of $0.02 per share. The ex-dividend date is Thursday, August 13th. This represents a $0.08 annualized dividend and a yield of 0.1%. Ingersoll Rand's payout ratio is presently 3.29%.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Deseret Mutual Benefit Administrators grew its stake in Ingersoll Rand by 46.9% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 112 shares during the last quarter. Hilton Head Capital Partners LLC purchased a new stake in shares of Ingersoll Rand in the fourth quarter valued at about $29,000. Reflection Asset Management purchased a new stake in shares of Ingersoll Rand in the fourth quarter valued at about $31,000. Torren Management LLC acquired a new stake in shares of Ingersoll Rand in the fourth quarter valued at approximately $32,000. Finally, Salomon & Ludwin LLC increased its stake in shares of Ingersoll Rand by 166.9% during the 4th quarter. Salomon & Ludwin LLC now owns 427 shares of the industrial products company's stock worth $35,000 after purchasing an additional 267 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company's stock.
Analyst Upgrades and Downgrades
IR has been the subject of several recent analyst reports. Citigroup reduced their price target on Ingersoll Rand from $113.00 to $109.00 and set a "buy" rating for the company in a report on Thursday, April 30th. Evercore set a $84.00 price objective on Ingersoll Rand in a research report on Monday, May 11th. Barclays reduced their target price on Ingersoll Rand from $100.00 to $95.00 and set an "overweight" rating for the company in a report on Thursday, April 30th. Robert W. Baird boosted their target price on shares of Ingersoll Rand from $103.00 to $109.00 and gave the stock an "outperform" rating in a research report on Monday. Finally, Wells Fargo & Company cut their price target on shares of Ingersoll Rand from $90.00 to $88.00 and set an "overweight" rating for the company in a report on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Ingersoll Rand currently has an average rating of "Moderate Buy" and a consensus target price of $95.14.
Read Our Latest Analysis on Ingersoll Rand
About Ingersoll Rand
(
Get Free Report)
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.
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