Zacks Research Lifts Earnings Estimates for Ingersoll Rand

Ingersoll Rand Inc. (NYSE:IR) – Investment analysts at Zacks Research boosted their FY2027 earnings estimates for Ingersoll Rand in a report issued on Monday, July 20th. Zacks Research analyst Team now expects that the industrial products company will post earnings of $3.64 per share for the year, up from their previous forecast of $3.63. The consensus estimate for Ingersoll Rand’s current full-year earnings is $3.37 per share. Zacks Research also issued estimates for Ingersoll Rand’s Q4 2027 earnings at $1.06 EPS.

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

Several other equities research analysts also recently commented on the stock. Evercore set a $84.00 target price on shares of Ingersoll Rand in a research report on Monday, May 11th. Robert W. Baird set a $103.00 price target on shares of Ingersoll Rand in a research report on Thursday, April 30th. Stifel Nicolaus lowered their target price on shares of Ingersoll Rand from $85.00 to $84.00 and set a “hold” rating on the stock in a research note on Monday. Morgan Stanley dropped 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. Finally, Citigroup cut their price objective on shares of Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Ingersoll Rand currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.86.

Ingersoll Rand Trading Down 2.4%

Shares of IR stock opened at $80.26 on Tuesday. Ingersoll Rand has a 1-year low of $68.07 and a 1-year high of $100.96. The company has a current ratio of 2.23, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47. The stock has a market cap of $31.41 billion, a price-to-earnings ratio of 54.23, a PEG ratio of 5.20 and a beta of 1.17. The stock has a 50-day moving average of $75.62 and a 200-day moving average of $82.55.

Ingersoll Rand Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were paid a dividend of $0.02 per share. The ex-dividend date was Thursday, May 14th. This represents a $0.08 annualized dividend and a yield of 0.1%. Ingersoll Rand’s dividend payout ratio is currently 5.41%.

Hedge Funds Weigh In On Ingersoll Rand

Several institutional investors and hedge funds have recently bought and sold shares of IR. Deseret Mutual Benefit Administrators lifted its position in shares of Ingersoll Rand by 46.9% in the fourth 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 in the last quarter. Hilton Head Capital Partners LLC bought a new stake in shares of Ingersoll Rand in the 4th quarter worth about $29,000. Reflection Asset Management bought a new stake in Ingersoll Rand during the fourth quarter worth approximately $31,000. Torren Management LLC purchased a new stake in Ingersoll Rand during the 4th quarter valued at $32,000. Finally, Salomon & Ludwin LLC raised its stake in shares of Ingersoll Rand by 166.9% in the fourth quarter. Salomon & Ludwin LLC now owns 427 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 267 shares during the period. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

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.