Ingersoll Rand
About: 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.
Employees: 18,000
0
Funds holding %
of 6,815 funds
0
Analysts bullish %
of 7 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
288% more call options, than puts
Call options by funds: $104M | Put options by funds: $26.9M
67% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 5 (+2) [Q3]
27% more first-time investments, than exits
New positions opened: 98 | Existing positions closed: 77
18% more capital invested
Capital invested by funds: $38B [Q2] → $44.7B (+$6.74B) [Q3]
14% more repeat investments, than reductions
Existing positions increased: 307 | Existing positions reduced: 270
1% more funds holding
Funds holding: 841 [Q2] → 849 (+8) [Q3]
1.2% less ownership
Funds ownership: 103.6% [Q2] → 102.39% (-1.2%) [Q3]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$105
17%
upside
Avg. target
$114
27%
upside
High target
$124
39%
upside
7 analyst ratings
6 positive
86%
1 neutral
14%
0 negative
0%
Citigroup Andrew Kaplowitz 55% 1-year accuracy 44 / 80 met price target | 29%upside $115 | Buy Maintained | 13 Jan 2025 |
Barclays Julian Mitchell 56% 1-year accuracy 62 / 110 met price target | 29%upside $115 | Overweight Maintained | 8 Jan 2025 |
Wells Fargo Joseph O'Dea 65% 1-year accuracy 20 / 31 met price target | 17%upside $105 | Overweight Maintained | 7 Jan 2025 |
Goldman Sachs Joe Ritchie 54% 1-year accuracy 14 / 26 met price target | 35%upside $121 | Buy Maintained | 12 Dec 2024 |
Stifel Nathan Jones 55% 1-year accuracy 38 / 69 met price target | 20%upside $107 | Hold Downgraded | 18 Nov 2024 |
Financial journalist opinion
Negative
Zacks Investment Research
1 week ago
Here's Why You Should Avoid Investing in Ingersoll Rand Right Now
Increasing operating costs and a high debt level weigh on IR. Unfavorable foreign currency movement is an added concern.
Positive
Zacks Investment Research
1 month ago
Ingersoll Rand Benefits From Business Strength Amid Headwinds
IR benefits from strength across its businesses, acquired assets and shareholder-friendly policies. However, rising operating expenses and high long-term debt remain concerns.
Neutral
GlobeNewsWire
1 month ago
Ingersoll Rand to Participate in Upcoming Investor Conference
DAVIDSON, N.C., Nov. 19, 2024 (GLOBE NEWSWIRE) -- Ingersoll Rand Inc., (NYSE: IR) a global provider of mission-critical flow creation and life science and industrial solutions, announced that Vik Kini, chief financial officer, will participate in a fireside chat at the Goldman Sachs Industrials and Materials Conference on Thursday, December 5, 2024, at 9:20 a.m. Eastern Time.
Negative
Zacks Investment Research
2 months ago
Are Industrial Products Stocks Lagging Ingersoll Rand (IR) This Year?
Here is how Ingersoll Rand (IR) and Kadant (KAI) have performed compared to their sector so far this year.
Positive
Zacks Investment Research
2 months ago
Ingersoll Rand's Q3 Earnings Surpass Estimates, Revenues Miss
IR's third-quarter 2024 adjusted earnings of 84 cents per share increase 9.1% year over year.
Neutral
Seeking Alpha
2 months ago
Ingersoll Rand Inc. (IR) Q3 2024 Earnings Call Transcript
Ingersoll Rand Inc. (NYSE:IR ) Q3 2024 Results Conference Call November 1, 2024 8:00 AM ET Company Participants Matthew Fort - VP, IR Vicente Reynal - Chairman and CEO Vik Kini - CFO Conference Call Participants Mike Halloran - Baird Julian Mitchell - Barclays Jeff Sprague - Vertical Research Partners Rob Wertheimer - Melius Research Andy Kaplowitz - Citigroup Nigel Coe - Wolfe Research Joe Ritchie - Goldman Sachs Chris Snyder - Morgan Stanley Joe O'Dea - Wells Fargo David Raso - Evercore ISI Andrew Buscaglia - BNP Paribas Nathan Jones - Stifel Operator Good day, and welcome to the Ingersoll Rand Q3 2024 Earnings Call. All lines have been placed on mute to prevent any background noise.
Positive
Zacks Investment Research
2 months ago
Ingersoll (IR) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for Ingersoll (IR) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Positive
Zacks Investment Research
2 months ago
Ingersoll Rand (IR) Beats Q3 Earnings Estimates
Ingersoll Rand (IR) came out with quarterly earnings of $0.84 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $0.77 per share a year ago.
Neutral
Business Wire
2 months ago
Ingersoll Rand Reports Record Third Quarter 2024 Results
DAVIDSON, N.C.--(BUSINESS WIRE)--Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and life science and industrial solutions, reported strong third quarter 2024 revenues, Adjusted EBITDA, and Adjusted EPS. “Our Economic Growth Engine remains on track to deliver our long-term Investor Day targets of double-digit Adjusted EPS growth and strong free cash flow generation,” said Vicente Reynal, chairman and chief executive officer of Ingersoll Rand. “We plan on cont.
Positive
Zacks Investment Research
2 months ago
Ingersoll Rand Gears Up to Post Q3 Earnings: Is a Beat in Store?
IR's third-quarter results are likely to gain from strength across the Industrial Technologies & Services and Precision and Science Technologies segments.
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