Ingersoll Rand (NYSE:IR) Share Price Breaks Above Two Hundred Day Moving Average – Here’s Why

Ingersoll Rand Inc. (NYSE:IR)’s stock price passed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $78.44 and traded as high as $79.83. Ingersoll Rand shares last traded at $77.7580, with a volume of 4,499,999 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Weiss Ratings upgraded Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. Citigroup restated a “buy” rating on shares of Ingersoll Rand in a report on Monday, October 12th. Morgan Stanley set a $87.00 target price on shares of Ingersoll Rand in a report on Monday, August 10th. Robert W. Baird upped their price target on shares of Ingersoll Rand from $103.00 to $109.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Finally, Wall Street Zen downgraded shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $96.14.

Ingersoll Rand Price Performance

The company’s fifty day moving average is $77.41 and its 200 day moving average is $78.44. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 0.40. The stock has a market cap of $30.17 billion, a PE ratio of 32.00, a price-to-earnings-growth ratio of 3.22 and a beta of 1.15.

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 analysts’ consensus estimates of $0.83 by $0.03. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the company posted $0.80 earnings per share. Ingersoll Rand’s revenue was up 8.5% compared to the same quarter last year. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. As a group, sell-side analysts anticipate that Ingersoll Rand Inc. will post 3.41 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Thursday, August 13th. Ingersoll Rand’s payout ratio is currently 3.29%.

Insider Activity at Ingersoll Rand

In related news, Director Aurobind Satpathy bought 11,538 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was bought at an average price of $86.68 per share, with a total value of $1,000,113.84. Following the completion of the transaction, the director directly owned 11,538 shares of the company’s stock, valued at approximately $1,000,113.84. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.49% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ingersoll Rand

Hedge funds have recently modified their holdings of the stock. IFP Advisors Inc lifted its position in shares of Ingersoll Rand by 30.4% in the third quarter. IFP Advisors Inc now owns 3,661 shares of the industrial products company’s stock worth $275,000 after buying an additional 853 shares during the last quarter. Frank Rimerman Advisors LLC lifted its holdings in Ingersoll Rand by 7.0% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 4,778 shares of the industrial products company’s stock worth $359,000 after purchasing an additional 312 shares during the last quarter. Vontobel Holding Ltd. boosted its position in Ingersoll Rand by 17.4% during the third quarter. Vontobel Holding Ltd. now owns 13,887 shares of the industrial products company’s stock worth $1,043,000 after purchasing an additional 2,055 shares during the period. Opal Wealth Advisors LLC bought a new stake in Ingersoll Rand during the third quarter worth approximately $217,000. Finally, V Square Quantitative Management LLC grew its holdings in Ingersoll Rand by 0.6% during the third quarter. V Square Quantitative Management LLC now owns 37,070 shares of the industrial products company’s stock valued at $2,784,000 after purchasing an additional 214 shares during the last quarter. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingersoll Rand Company Profile

Ingersoll Rand Inc (NYSE:IR) is a global provider of mission-critical industrial technologies and solutions. The company serves businesses across manufacturing, energy, life sciences, food and beverage, transportation, and other industrial markets.

Its products and services include air compressors, vacuum and blower systems, fluid management equipment, industrial pumps, and related aftermarket parts and services. Ingersoll Rand also offers technologies used for material handling, power tools, and other specialized industrial applications through a portfolio of established brands, including Ingersoll Rand, Gardner Denver, CompAir, and Club Car.

The modern Ingersoll Rand was formed in 2020 through the combination of Gardner Denver and the industrial segment of the former Ingersoll-Rand plc.