Zacks Research Predicts Lower Earnings for Ingersoll Rand

Ingersoll Rand Inc. (NYSE:IR) – Analysts at Zacks Research cut their Q4 2024 earnings per share 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 post earnings of $0.81 per share for the quarter, down from their prior estimate 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.

A number of other equities research analysts have also weighed in on the company. Evercore ISI reduced their price objective on Ingersoll Rand from $93.00 to $88.00 and set an “in-line” rating on the stock in a research report on Monday, August 19th. Stifel Nicolaus lowered Ingersoll Rand from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $112.00 to $107.00 in a research report on Monday, November 18th. Wolfe Research upgraded Ingersoll Rand to a “hold” rating in a research report on Friday, September 20th. Robert W. Baird reduced their price target on Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Finally, Wells Fargo & Company upped their price target on Ingersoll Rand from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $103.83.

Ingersoll Rand Price Performance

Ingersoll Rand stock opened at $104.26 on Monday. The stock has a market capitalization of $42.02 billion, a P/E ratio of 50.86, a price-to-earnings-growth ratio of 3.99 and a beta of 1.42. Ingersoll Rand has a 52 week low of $71.21 and a 52 week high of $106.03. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.36. The stock has a fifty day moving average of $100.46 and a 200-day moving average of $95.35.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Ridgewood Investments LLC purchased a new stake in shares of Ingersoll Rand in the second quarter worth approximately $25,000. Ashton Thomas Securities LLC purchased a new stake in shares of Ingersoll Rand in the third quarter worth approximately $34,000. EverSource Wealth Advisors LLC raised its stake in shares of Ingersoll Rand by 38.5% in the first quarter. EverSource Wealth Advisors LLC now owns 453 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 126 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Ingersoll Rand by 196.8% in the second quarter. UMB Bank n.a. now owns 466 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 309 shares during the last quarter. Finally, Eastern Bank purchased a new stake in shares of Ingersoll Rand in the third quarter worth approximately $42,000. 95.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ingersoll Rand

In related news, CAO Michael J. Scheske sold 2,531 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $97.44, for a total transaction of $246,620.64. Following the transaction, the chief accounting officer now directly owns 11,910 shares of the company’s stock, valued at approximately $1,160,510.40. This represents a 17.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.68% of the stock is owned by corporate insiders.

Ingersoll Rand Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.08%. Ingersoll Rand’s payout ratio is 3.90%.

Ingersoll Rand Company Profile

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.