Ingersoll Rand Stock (NYSE:IR), Trade Ideas

Ingersoll Rand

Ingersoll Rand was formed through the merger of Gardner Denver and Ingersoll Rand's industrial segment. The firm's portfolio consists of two business lines: industrial technologies and services and precision and science technologies. Ingersoll Rand serves a variety of end markets, including industrial, medical, and energy. Its broad portfolio of products includes compression, blower and vacuum, and fluid management. Ingersoll Rand generated roughly $6.9 billion in revenue in 2023.

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Ingersoll Rand (NYSE:IR) makes a strategic move with the acquisition of ILC Dover, marking a significant expansion into biopharmaceutical, pharmaceutical, and medical device markets. With an upfront cash purchase price of $2.325 billion and potential earnouts, this deal positions Ingersoll Rand to strengthen its presence in key industries, enhancing its life sciences platform and bolstering revenue projections to $400 million by 2024.

Ingersoll Rand Dives Deep Into Life Sciences With ~$2.3B ILC Dover Acquisition

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Shares of Ingersoll Rand Inc (NYSE: IR) recovered slightly on Tuesday, after the downturn last week.

Why This Ingersoll Rand Analyst Turned Bullish

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Ingersoll Rand's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IR#NYSE">IR</a>) short percent of float has risen 3.14% since its last report. The company recently reported that it has 5.02 million shares sold short, which is 1.64% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.06 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Ingersoll Rand Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712934019_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Ingersoll Rand has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Ingersoll Rand's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Ingersoll Rand's peer group average for short interest as a percentage of float is 3.37%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Looking Into Ingersoll Rand's Recent Short Interest

Ingersoll Rand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IR#NYSE">IR</a>) has outperformed the market over the past 5 years by 15.48% on an annualized basis producing an average annual return of 27.57%. Currently, Ingersoll Rand has a market capitalization of $37.36 billion. 
Buying $100 In IR: If an investor had bought $100 of IR stock 5 years ago, it would be worth $339.79 today based on a price of $92.61 for IR at the time of writing.
<h3>Ingersoll Rand's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712757624_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Ingersoll Rand 5 Years Ago Would Be Worth This Much Today

Citigroup analyst Andrew Kaplowitz maintains Ingersoll Rand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IR#NYSE">IR</a>) with a Buy and raises the price target from $105 to $112.

Price Target

Citigroup Maintains Buy on Ingersoll Rand, Raises Price Target to $112

Analysts' ratings for Ingersoll Rand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IR#NYSE">IR</a>) over the last quarter vary from bullish to bearish, as provided by 8 analysts.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $95.38, a high estimate of $105.00, and a low estimate of $85.00. This current average reflects an increase of 11.28% from the previous average price target of $85.71. 
<img src="https://www.benzinga.com/files/images/story/2024/1712091690_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Ingersoll Rand. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$105.00</td>
<td>$101.00</td>
</tr>
<tr>
<td>Nathan Jones</td>
<td>Stifel</td>
<td>Maintains</td>
<td>Buy</td>
<td>$102.00</td>
<td>$102.00</td>
</tr>
<tr>
<td>Andrew Buscaglia</td>
<td>Andrew Buscaglia</td>
<td>Announces</td>
<td>Neutral</td>
<td>$92.00</td>
<td>-</td>
</tr>
<tr>
<td>Joe Ritchie</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$97.00</td>
<td>$87.00</td>
</tr>
<tr>
<td>Joe O'Dea</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$100.00</td>
<td>$83.00</td>
</tr>
<tr>
<td>David Raso</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$89.00</td>
<td>$81.00</td>
</tr>
<tr>
<td>Jonathan Sakraida</td>
<td>CFRA</td>
<td>Raises</td>
<td>Hold</td>
<td>$85.00</td>
<td>$68.00</td>
</tr>
<tr>
<td>Markus Mittermaier</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$93.00</td>
<td>$78.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Ingersoll Rand. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Ingersoll Rand compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Ingersoll Rand's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Ingersoll Rand's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/IR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Ingersoll Rand analyst ratings.</a>
<h2>Get to Know Ingersoll Rand Better</h2>
Ingersoll Rand was formed through the merger of Gardner Denver and Ingersoll Rand's industrial segment. The firm's portfolio consists of two business lines: industrial technologies and services and precision and science technologies. Ingersoll Rand serves a variety of end markets, including industrial, medical, and energy. Its broad portfolio of products includes compression, blower and vacuum, and fluid management. Ingersoll Rand generated roughly $6.9 billion in revenue in 2023.
<h3>A Deep Dive into Ingersoll Rand's Financials</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Ingersoll Rand displayed positive results in 3 months. As of 31 December, 2023, the company achieved a solid revenue growth rate of approximately 12.18%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Ingersoll Rand's net margin is impressive, surpassing industry averages. With a net margin of 12.62%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 2.38%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Ingersoll Rand's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 1.5%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Ingersoll Rand's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.28.
<h2>Analyst Ratings: What Are They?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What Analysts Are Saying About Ingersoll Rand Stock

Barclays analyst Julian Mitchell maintains Ingersoll Rand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IR#NYSE">IR</a>) with a Overweight and raises the price target from $101 to $105.

Barclays Maintains Overweight on Ingersoll Rand, Raises Price Target to $105

Ingersoll Rand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IR#NYSE">IR</a>) has outperformed the market over the past 5 years by 15.02% on an annualized basis producing an average annual return of 27.79%. Currently, Ingersoll Rand has a market capitalization of $38.10 billion. 
Buying $1000 In IR: If an investor had bought $1000 of IR stock 5 years ago, it would be worth $3,391.63 today based on a price of $94.45 for IR at the time of writing.
<h3>Ingersoll Rand's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711548014_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Ingersoll Rand 5 Years Ago Would Be Worth Today

Stifel analyst Nathan Jones maintains Ingersoll Rand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IR#NYSE">IR</a>) with a Buy and maintains $102 price target.

Stifel Maintains Buy on Ingersoll Rand, Maintains $102 Price Target

Industrial products maker&nbsp;Ingersoll Rand Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IR#NYSE">IR</a>) has entered into an agreement to acquire&nbsp;ILC Dover&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/03/b37910038/ingersoll-rand-to-acquire-ilc-dover-to-expand-presence-in-life-sciences" rel="noreferrer noopener">from the investment firm&nbsp;New Mountain Capital, LLC</a>.
The deal includes an upfront cash purchase price of about $2.325 billion and an earnout tied to select operating efficiency metrics in 2024.
At its maximum payout, the earnout increases the 17x upfront purchase multiple by less than one turn.
ILC designs and produces solutions for biopharmaceutical, pharmaceutical, and medical device markets and is also a supplier for the space industry.
ILC, with about 2,000 team members, serves its global customer base across 11 engineering and production facilities located in North America, Europe, and Asia.
Under the agreement, Ingersoll Rand will establish a life sciences platform within its P&amp;ST segment, consisting of ILC plus Ingersoll Rand&#8217;s life science-focused brands and ILS.
The acquisition is expected to expand Ingersoll Rand&#8217;s addressable market by more than $10 billion, to a total of approximately $65 billion.
The acquisition is immediately accretive to Ingersoll Rand&#8217;s growth and margin rates. ILC&#8217;s revenue is expected to reach $400 million in 2024E. This acquisition is subject to customary regulatory approvals and is expected to close in the second quarter of 2024.
Ingersoll held $1.6 billion in cash and equivalents&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/b37169133/ingersoll-rand-reports-record-fourth-quarter-and-full-year-2023-results" rel="noreferrer noopener">as of December 31, 2023.</a>
Price Action: IR shares closed lower by 0.38% at $94.74 on Friday.
Image sourced from Shutterstock

<ul>
<li>Attractive upfront purchase multiple of approximately 17x 2024E Adjusted EBITDA, supported by Adjusted EBITDA margins in the mid-30s and a three-year historical organic revenue CAGR in the mid-teens, which are both immediately accretive to the Precision and Science Technologies (P&amp;ST) segment.</li>
<li>Adds new technologies for life science applications including innovative powder and liquid single-use solutions for biopharma and pharma, and niche solutions for the design and production of silicone, thermoplastic, and specialty rubber components for medical devices, with approximately&nbsp;75%&nbsp;of revenue from consumable, like-for-like replacement or recurring revenue streams.</li>
<li>Expands Ingersoll Rand&#39;s addressable market by more than&nbsp;$10 billion, to a total of approximately&nbsp;$65 billion, in highly fragmented market segments with significant and sustainable growth tailwinds.</li>
<li>Increases access for existing Ingersoll Rand life science solutions through established direct channel and strong customer connectivity in biopharma, pharma, cell and gene therapy, and related life science end markets, supported by iconic, premium life sciences brands.</li>
</ul>

Ingersoll Rand Agrees To Acquire ILC Dover From New Mountain Capital, LLC, For ~$2.325B

In the last three months, 7 analysts have published ratings on Ingersoll Rand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IR#NYSE">IR</a>), offering a diverse range of perspectives from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Ingersoll Rand, presenting an average target of $91.29, a high estimate of $100.00, and a low estimate of $83.00. Witnessing a positive shift, the current average has risen by 16.55% from the previous average price target of $78.33.
<img src="https://www.benzinga.com/files/images/story/2024/1710262818_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The standing of Ingersoll Rand among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Andrew Buscaglia</td>
<td>Andrew Buscaglia</td>
<td>Announces</td>
<td>Neutral</td>
<td>$92.00</td>
<td>-</td>
</tr>
<tr>
<td>Joe Ritchie</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$97.00</td>
<td>$87.00</td>
</tr>
<tr>
<td>Joe O'Dea</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$100.00</td>
<td>$83.00</td>
</tr>
<tr>
<td>David Raso</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$89.00</td>
<td>$81.00</td>
</tr>
<tr>
<td>Jonathan Sakraida</td>
<td>CFRA</td>
<td>Raises</td>
<td>Hold</td>
<td>$85.00</td>
<td>$68.00</td>
</tr>
<tr>
<td>Markus Mittermaier</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$93.00</td>
<td>$78.00</td>
</tr>
<tr>
<td>Joe O'Dea</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$83.00</td>
<td>$73.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Ingersoll Rand. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Ingersoll Rand compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Ingersoll Rand's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Ingersoll Rand's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/IR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Ingersoll Rand analyst ratings.</a>
<h2>Get to Know Ingersoll Rand Better</h2>
Ingersoll Rand was formed through the merger of Gardner Denver and Ingersoll Rand's industrial segment. The firm's portfolio consists of two business lines: industrial technologies and services and precision and science technologies. Ingersoll Rand serves a variety of end markets, including industrial, medical, and energy. Its broad portfolio of products includes compression, blower and vacuum, and fluid management. Ingersoll Rand generated roughly $6.9 billion in revenue in 2023.
<h3>Financial Insights: Ingersoll Rand</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Growth: Ingersoll Rand displayed positive results in 3 months. As of 31 December, 2023, the company achieved a solid revenue growth rate of approximately 12.18%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 12.62%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Ingersoll Rand's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 2.38%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Ingersoll Rand's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 1.5%, the company may face hurdles in achieving optimal financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.28.
<h2>How Are Analyst Ratings Determined?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

7 Analysts Assess Ingersoll Rand: What You Need To Know

Andrew Buscaglia analyst Andrew Buscaglia initiates coverage on Ingersoll Rand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IR#NYSE">IR</a>) with a Neutral rating and announces Price Target of $92.

Initiation

Andrew Buscaglia Initiates Coverage On Ingersoll Rand with Neutral Rating, Announces Price Target of $92

Ingersoll Rand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IR#NYSE">IR</a>) has outperformed the market over the past 5 years by 13.54% on an annualized basis producing an average annual return of 26.24%. Currently, Ingersoll Rand has a market capitalization of $36.10 billion. 
Buying $100 In IR: If an investor had bought $100 of IR stock 5 years ago, it would be worth $331.44 today based on a price of $89.49 for IR at the time of writing.
<h3>Ingersoll Rand's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710183615_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Ingersoll Rand Stock In The Last 5 Years

Tuesday marks the last chance for investors to receive the next dividend payout from Ingersoll Rand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IR#NYSE">IR</a>). 
<h3>What's Happening</h3>
The company announced on Tuesday that it would pay shareholders a quarterly dividend of 2 cents per share. On Wednesday, Ingersoll Rand will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 2 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own IR as of the end of Tuesday's session are eligible to receive the 2 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on March 28, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/quote/IR">See current stock movements Ingersoll Rand on Benzinga.</a>

Dividends

Ingersoll Rand: Dividend Insights

Ingersoll Rand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IR#NYSE">IR</a>) has outperformed the market over the past 5 years by 14.67% on an annualized basis producing an average annual return of 27.26%. Currently, Ingersoll Rand has a market capitalization of $36.62 billion. 
Buying $1000 In IR: If an investor had bought $1000 of IR stock 5 years ago, it would be worth $3,294.44 today based on a price of $90.76 for IR at the time of writing.
<h3>Ingersoll Rand's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1709049617_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Ingersoll Rand 5 Years Ago Would Be Worth This Much Today

Highlighted on February 23, it was unveiled in an SEC filing that Scheske, VP at Ingersoll Rand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IR#NYSE">IR</a>), executed a significant transaction involving the exercise of company stock options.
What Happened: Scheske, VP at Ingersoll Rand, exercised stock options for 11,401 shares of IR stock. This information was disclosed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001699150/000114036124009107//Archives/edgar/data/1699150/000114036124009107/0001140361-24-009107-index.htm">U.S. Securities and Exchange Commission</a> on Friday. The exercise price of the options was $28.72 per share.
The Friday morning market activity shows Ingersoll Rand shares up by 0.01%, trading at $90.8. This implies a total value of $707,720 for Scheske's 11,401 shares.
<h3>Get to Know Ingersoll Rand Better</h3>
Ingersoll Rand was formed through the merger of Gardner Denver and Ingersoll Rand's industrial segment. The firm's portfolio consists of two business lines: industrial technologies and services and precision and science technologies. Ingersoll Rand serves a variety of end markets, including industrial, medical, and energy. Its broad portfolio of products includes compression, blower and vacuum, and fluid management. Ingersoll Rand generated roughly $6.9 billion in revenue in 2023.
<h3>Ingersoll Rand: A Financial Overview</h3>
Revenue Growth: Ingersoll Rand's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 4.74%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.
Insights into Profitability:
<ul>
<li>
Gross Margin: The company excels with a remarkable gross margin of 42.89%, indicating superior cost efficiency and profitability compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Ingersoll Rand's EPS reflects a decline, falling below the industry average with a current EPS of 0.57.
</li>
</ul>
Debt Management: Ingersoll Rand's debt-to-equity ratio is below the industry average at 0.28, reflecting a lower dependency on debt financing and a more conservative financial approach.
Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: Ingersoll Rand's stock is currently priced at a premium level, as reflected in the higher-than-average P/E ratio of 47.78.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 5.4 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Ingersoll Rand's EV/EBITDA ratio of 22.92 exceeds industry averages, indicating a premium valuation in the market
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
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<h3>Uncovering the Importance of Insider Activity</h3>
Insider transactions are not the sole determinant of investment choices, but they are a factor worth considering.
Considering the legal perspective, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
<h3>The Insider's Guide to Important Transaction Codes</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001699150">Check Out The Full List Of Ingersoll Rand's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Insider Activity Update: Michael Scheske Executes Options Exercise, Resulting In $707K At Ingersoll Rand

In the latest quarter, 4 analysts provided ratings for Ingersoll Rand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IR#NYSE">IR</a>), showcasing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Ingersoll Rand, revealing an average target of $86.75, a high estimate of $93.00, and a low estimate of $83.00. Observing a 16.44% increase, the current average has risen from the previous average price target of $74.50. 
<img src="https://www.benzinga.com/files/images/story/2024/1708110028_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
A comprehensive examination of how financial experts perceive Ingersoll Rand is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jonathan Sakraida</td>
<td>CFRA</td>
<td>Raises</td>
<td>Hold</td>
<td>$85.00</td>
<td>$68.00</td>
</tr>
<tr>
<td>Markus Mittermaier</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$93.00</td>
<td>$78.00</td>
</tr>
<tr>
<td>Joe O'Dea</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$83.00</td>
<td>$73.00</td>
</tr>
<tr>
<td>Andrew Kaplowitz</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$86.00</td>
<td>$79.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Ingersoll Rand. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Ingersoll Rand compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Ingersoll Rand's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Ingersoll Rand's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/IR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Ingersoll Rand analyst ratings.</a>
<h2>About Ingersoll Rand</h2>
Ingersoll Rand was formed through the merger of Gardner Denver and Ingersoll Rand's industrial segment. The firm's portfolio consists of two business lines: industrial technologies and services and precision and science technologies. Ingersoll Rand serves a variety of end markets, including industrial, medical, and energy. Its broad portfolio of products includes compression, blower and vacuum, and fluid management. Ingersoll Rand generated roughly $5.9 billion in revenue in 2022.
<h3>Ingersoll Rand: Delving into Financials</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Ingersoll Rand's remarkable performance in 3 months is evident. As of 30 September, 2023, the company achieved an impressive revenue growth rate of 14.73%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: Ingersoll Rand's net margin excels beyond industry benchmarks, reaching 11.98%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Ingersoll Rand's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 2.2%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Ingersoll Rand's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 1.38%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.29.
<h2>Analyst Ratings: What Are They?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Ingersoll Rand Stock: A Deep Dive Into Analyst Perspectives (4 Ratings)

CFRA analyst Jonathan Sakraida maintains Ingersoll Rand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IR#NYSE">IR</a>) with a Hold and raises the price target from $68 to $85.

CFRA Maintains Hold on Ingersoll Rand, Raises Price Target to $85

WIIM

Ingersoll Rand shares are trading higher after the company reported better-than-expected Q4 financial results and issued FY24 guidance.

Ingersoll Rand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IR#NYSE">IR</a>) reported its Q4 earnings results on Thursday, February 15, 2024 at 04:30 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Ingersoll Rand beat estimated earnings by 11.69%, reporting an EPS of $0.86 versus an estimate of $0.77.
Revenue was up $197.00 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.08 which was followed by a 5.81% increase in the share price the next day.
Here's a look at Ingersoll Rand's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.69</td>
<td>0.60</td>
<td>0.52</td>
<td>0.62</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.77</td>
<td>0.68</td>
<td>0.65</td>
<td>0.72</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>1.69B</td>
<td>1.58B</td>
<td>1.48B</td>
<td>1.54B</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>1.74B</td>
<td>1.69B</td>
<td>1.63B</td>
<td>1.62B</td>
</tr>
</tbody>
</table>

To track all earnings releases for Ingersoll Rand <a href="https://www.benzinga.com/quote/IR/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Ingersoll Rand: Q4 Earnings Insights

Guidance

Ingersoll Rand Sees 2024 Adj. EPS $3.14-$3.24 vs $3.17 Est., Revenue Growth 5-7%

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