Zacks Research Forecasts Reduced Earnings for Ingersoll Rand

Ingersoll Rand Inc. (NYSE:IR - Free Report) - Equities research analysts at Zacks Research cut their Q1 2025 earnings per share (EPS) estimates for Ingersoll Rand in a report released on Monday, February 10th. Zacks Research analyst A. Bhattacharjee now forecasts that the industrial products company will post earnings of $0.73 per share for the quarter, down from their prior forecast of $0.75. 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 FY2025 earnings at $3.29 EPS, Q3 2026 earnings at $0.91 EPS and Q4 2026 earnings at $0.99 EPS.

Several other equities research analysts have also recently weighed in on IR. Stifel Nicolaus decreased their price target on Ingersoll Rand from $107.00 to $100.00 and set a "hold" rating on the stock in a research report on Friday, January 24th. Barclays dropped their target price on Ingersoll Rand from $120.00 to $115.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Citigroup decreased their price objective on Ingersoll Rand from $119.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, January 13th. The Goldman Sachs Group raised their price target on Ingersoll Rand from $109.00 to $121.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Finally, Wells Fargo & Company cut their target price on shares of Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating on the stock in a report on Tuesday, January 7th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $105.92.

Ingersoll Rand Stock Down 7.3 %

Shares of NYSE IR traded down $6.76 during trading on Thursday, hitting $85.79. The stock had a trading volume of 7,441,849 shares, compared to its average volume of 2,111,534. Ingersoll Rand has a 12 month low of $83.72 and a 12 month high of $106.03. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.36 and a quick ratio of 1.71. The firm has a fifty day moving average of $92.75 and a two-hundred day moving average of $95.12. The company has a market capitalization of $34.58 billion, a PE ratio of 41.85, a PEG ratio of 3.66 and a beta of 1.43.

Ingersoll Rand (NYSE:IR - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.04). Ingersoll Rand had a net margin of 11.72% and a return on equity of 13.01%. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.91 billion.

Institutional Trading of Ingersoll Rand

Hedge funds have recently bought and sold shares of the stock. Savant Capital LLC raised its stake in Ingersoll Rand by 2.3% in the fourth quarter. Savant Capital LLC now owns 6,938 shares of the industrial products company's stock worth $628,000 after buying an additional 158 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Ingersoll Rand in the 3rd quarter worth $864,000. Nordea Investment Management AB raised its position in shares of Ingersoll Rand by 19.1% in the 4th quarter. Nordea Investment Management AB now owns 1,691,399 shares of the industrial products company's stock worth $153,867,000 after acquiring an additional 271,381 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Ingersoll Rand by 9.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 90,827 shares of the industrial products company's stock worth $8,916,000 after purchasing an additional 7,784 shares during the last quarter. Finally, abrdn plc boosted its position in Ingersoll Rand by 70.5% during the fourth quarter. abrdn plc now owns 262,863 shares of the industrial products company's stock valued at $23,851,000 after purchasing an additional 108,700 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company's stock.

Ingersoll Rand Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.02 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.08 dividend on an annualized basis and a yield of 0.09%. Ingersoll Rand's dividend payout ratio is currently 3.90%.

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.