Ingersoll Rand Q4 EPS Forecast Reduced by Zacks Research

Ingersoll Rand Inc. (NYSE:IR - Free Report) - Equities researchers at Zacks Research lowered their Q4 2024 earnings estimates for shares of Ingersoll Rand in a research note issued on Wednesday, November 27th. Zacks Research analyst A. Bhattacharjee now anticipates that the industrial products company will earn $0.81 per share for the quarter, down from their prior forecast of $0.82. The consensus estimate for Ingersoll Rand's current full-year earnings is $3.21 per share. Zacks Research also issued estimates for Ingersoll Rand's Q2 2025 earnings at $0.80 EPS, Q3 2025 earnings at $0.86 EPS, Q4 2025 earnings at $0.93 EPS, Q1 2026 earnings at $0.77 EPS and FY2026 earnings at $3.61 EPS.

Several other research analysts also recently weighed in on IR. Robert W. Baird reduced their price target on shares of Ingersoll Rand from $114.00 to $109.00 and set an "outperform" rating for the company in a research report on Monday, November 4th. UBS Group initiated coverage on shares of Ingersoll Rand in a research report on Wednesday, November 13th. They issued a "buy" rating and a $124.00 price target for the company. Cfra boosted their target price on Ingersoll Rand from $85.00 to $95.00 and gave the stock a "hold" rating in a research report on Friday, October 4th. Morgan Stanley started coverage on Ingersoll Rand in a report on Friday, September 6th. They set an "equal weight" rating and a $97.00 price objective for the company. Finally, Wells Fargo & Company lifted their price objective on Ingersoll Rand from $100.00 to $110.00 and gave the stock an "overweight" rating in a research report on Monday, October 7th. Seven research analysts have rated the stock with a hold rating and seven have given a buy 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 $103.83.

Ingersoll Rand Stock Performance

Shares of NYSE:IR traded up $0.92 on Monday, hitting $105.09. 713,636 shares of the company were exchanged, compared to its average volume of 2,497,406. The company has a current ratio of 2.36, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. Ingersoll Rand has a 1-year low of $71.21 and a 1-year high of $106.03. The stock's 50 day moving average price is $100.18 and its 200 day moving average price is $95.17. The firm has a market capitalization of $42.35 billion, a P/E ratio of 50.81, a price-to-earnings-growth ratio of 3.95 and a beta of 1.42.

Ingersoll Rand Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be given a $0.02 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.08%. Ingersoll Rand's dividend payout ratio (DPR) is presently 3.90%.

Insider Activity

In other Ingersoll Rand news, CAO Michael J. Scheske sold 2,531 shares of Ingersoll Rand stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $97.44, for a total value of $246,620.64. Following the sale, the chief accounting officer now directly owns 11,910 shares in the company, valued at approximately $1,160,510.40. The trade was a 17.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.68% of the stock is currently owned by corporate insiders.

Institutional Trading of Ingersoll Rand

Several hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC lifted its holdings in shares of Ingersoll Rand by 10.5% in the 3rd quarter. FMR LLC now owns 16,152,094 shares of the industrial products company's stock worth $1,585,489,000 after purchasing an additional 1,538,056 shares in the last quarter. State Street Corp grew its position in shares of Ingersoll Rand by 0.7% during the 3rd quarter. State Street Corp now owns 15,776,908 shares of the industrial products company's stock valued at $1,548,661,000 after acquiring an additional 112,824 shares during the period. Franklin Resources Inc. increased its position in Ingersoll Rand by 2.5% in the third quarter. Franklin Resources Inc. now owns 11,597,321 shares of the industrial products company's stock worth $1,207,554,000 after buying an additional 278,710 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Ingersoll Rand by 0.6% during the third quarter. Geode Capital Management LLC now owns 9,436,467 shares of the industrial products company's stock valued at $923,087,000 after purchasing an additional 54,952 shares during the last quarter. Finally, Fisher Asset Management LLC grew its stake in Ingersoll Rand by 1.7% in the 3rd quarter. Fisher Asset Management LLC now owns 6,744,839 shares of the industrial products company's stock valued at $662,074,000 after buying an additional 114,727 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors.

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.