Ingersoll-Rand (NYSE:IR) had its price target upped by investment analysts at Stifel Nicolaus from $101.00 to $112.00 in a report released on Thursday. The brokerage presently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 18.36% from the company’s previous close.
A number of other equities analysts also recently issued reports on IR. Zacks Investment Research downgraded Ingersoll-Rand from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. UBS Group began coverage on Ingersoll-Rand in a research report on Monday, January 22nd. They issued a “buy” rating and a $105.00 target price on the stock. Bank of America downgraded Ingersoll-Rand from a “buy” rating to a “neutral” rating and set a $96.00 target price on the stock. in a research report on Tuesday, October 17th. Royal Bank of Canada decreased their target price on Ingersoll-Rand from $93.00 to $91.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 26th. Finally, Morgan Stanley downgraded Ingersoll-Rand from an “overweight” rating to an “equal weight” rating and set a $98.00 target price on the stock. in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. Ingersoll-Rand currently has an average rating of “Hold” and an average price target of $101.36.
Ingersoll-Rand (IR) opened at $94.63 on Thursday. The stock has a market capitalization of $23,120.28, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 1.97 and a beta of 1.35. The company has a current ratio of 1.24, a quick ratio of 0.89 and a debt-to-equity ratio of 0.43. Ingersoll-Rand has a 1 year low of $77.00 and a 1 year high of $96.23.
In other news, Chairman Michael W. Lamach sold 210,508 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $88.28, for a total value of $18,583,646.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.63% of the company’s stock.
Several large investors have recently bought and sold shares of IR. Apriem Advisors acquired a new stake in Ingersoll-Rand during the third quarter worth $104,000. Synovus Financial Corp increased its stake in Ingersoll-Rand by 175.2% during the third quarter. Synovus Financial Corp now owns 1,544 shares of the industrial products company’s stock worth $105,000 after acquiring an additional 983 shares during the last quarter. Advisory Services Network LLC increased its stake in Ingersoll-Rand by 19.5% during the second quarter. Advisory Services Network LLC now owns 1,304 shares of the industrial products company’s stock worth $119,000 after acquiring an additional 213 shares during the last quarter. Resources Investment Advisors Inc. increased its stake in Ingersoll-Rand by 218.6% during the fourth quarter. Resources Investment Advisors Inc. now owns 1,354 shares of the industrial products company’s stock worth $122,000 after acquiring an additional 929 shares during the last quarter. Finally, Israel Discount Bank of New York acquired a new stake in Ingersoll-Rand during the first quarter worth $126,000. 82.52% of the stock is owned by hedge funds and other institutional investors.
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Ingersoll-Rand Company Profile
Ingersoll-Rand Public Limited Company provides products, services and solutions to improve the quality and comfort of air in homes and buildings, transport and protect food and perishables. The Company’s business segments include Climate and Industrial. It is engaged in the design, manufacture, sale and service of a portfolio of industrial and commercial products that include brand names, such as Ingersoll-Rand, Trane, American Standard, ARO and Club Car.
