FY2024 EPS Estimate for Ingersoll Rand Decreased by Analyst

Ingersoll Rand Inc. (NYSE:IR) – Equities researchers at Zacks Research decreased their FY2024 EPS estimates for Ingersoll Rand in a research report issued to clients and investors on Monday, February 10th. Zacks Research analyst A. Bhattacharjee now anticipates that the industrial products company will post earnings per share of $3.17 for the year, down from their prior estimate of $3.18. The consensus estimate for Ingersoll Rand’s current full-year earnings is $3.20 per share. Zacks Research also issued estimates for Ingersoll Rand’s Q4 2024 earnings at $0.80 EPS, Q3 2025 earnings at $0.85 EPS, Q4 2025 earnings at $0.91 EPS, Q1 2026 earnings at $0.76 EPS, Q2 2026 earnings at $0.87 EPS and FY2026 earnings at $3.53 EPS.

Other equities analysts have also recently issued research reports about the stock. The Goldman Sachs Group upped their price target on shares of Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Citigroup decreased their target price on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Barclays reduced their price target on shares of Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Stifel Nicolaus reduced their price target on shares of Ingersoll Rand from $107.00 to $100.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Finally, UBS Group initiated coverage on shares of Ingersoll Rand in a research report on Wednesday, November 13th. They set a “buy” rating and a $124.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ingersoll Rand presently has an average rating of “Moderate Buy” and a consensus price target of $105.92.

Ingersoll Rand Trading Down 0.9 %

IR stock opened at $91.38 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.36. Ingersoll Rand has a one year low of $83.72 and a one year high of $106.03. The company’s 50 day moving average price is $93.54 and its two-hundred day moving average price is $95.32. The company has a market capitalization of $36.83 billion, a PE ratio of 44.58, a price-to-earnings-growth ratio of 3.66 and a beta of 1.43.

Ingersoll Rand Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. Ingersoll Rand’s dividend payout ratio is currently 3.90%.

Hedge Funds Weigh In On Ingersoll Rand

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Ingersoll Rand by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 45,684,016 shares of the industrial products company’s stock valued at $4,132,576,000 after purchasing an additional 446,591 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Ingersoll Rand by 3.6% during the fourth quarter. JPMorgan Chase & Co. now owns 18,878,280 shares of the industrial products company’s stock valued at $1,707,729,000 after purchasing an additional 649,102 shares in the last quarter. FMR LLC boosted its position in Ingersoll Rand by 10.5% during 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. State Street Corp boosted its position in Ingersoll Rand by 0.7% during the third quarter. State Street Corp now owns 15,776,908 shares of the industrial products company’s stock valued at $1,548,661,000 after purchasing an additional 112,824 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in Ingersoll Rand by 5.9% during the fourth quarter. Franklin Resources Inc. now owns 12,277,177 shares of the industrial products company’s stock valued at $1,110,593,000 after purchasing an additional 679,856 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

About Ingersoll Rand

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.