Shares of Ingersoll-Rand PLC (NYSE:IR) have been assigned a consensus rating of “Hold” from the eighteen ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $103.50.
IR has been the subject of a number of analyst reports. Robert W. Baird reiterated a “hold” rating on shares of Ingersoll-Rand in a research note on Friday, November 17th. Royal Bank of Canada reduced their target price on shares of Ingersoll-Rand from $93.00 to $91.00 and set a “sector perform” rating for the company in a research note on Thursday, October 26th. BMO Capital Markets lifted their target price on shares of Ingersoll-Rand to $115.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded shares of Ingersoll-Rand from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research note on Monday, January 22nd. Finally, Stifel Nicolaus reduced their target price on shares of Ingersoll-Rand from $103.00 to $101.00 and set a “buy” rating for the company in a research note on Thursday, October 26th.
Ingersoll-Rand (NYSE IR) traded down $0.34 during midday trading on Tuesday, reaching $90.57. 498,099 shares of the company’s stock were exchanged, compared to its average volume of 1,921,270. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 0.95. The firm has a market capitalization of $22,500.00, a PE ratio of 17.44, a PEG ratio of 1.91 and a beta of 1.33. Ingersoll-Rand has a 1 year low of $77.26 and a 1 year high of $97.67.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 9th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Thursday, March 8th. Ingersoll-Rand’s payout ratio is 34.82%.
In other news, Director Jared L. Cohon sold 2,350 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $92.40, for a total value of $217,140.00. Following the completion of the sale, the director now directly owns 25,766 shares in the company, valued at $2,380,778.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Michael W. Lamach sold 210,508 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $88.28, for a total transaction of $18,583,646.24. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP bought a new position in Ingersoll-Rand during the third quarter worth $3,576,000. Prudential Financial Inc. increased its holdings in Ingersoll-Rand by 87.4% in the 3rd quarter. Prudential Financial Inc. now owns 1,429,458 shares of the industrial products company’s stock valued at $127,465,000 after buying an additional 666,550 shares during the period. Asset Management One Co. Ltd. increased its holdings in Ingersoll-Rand by 1,451.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 407,780 shares of the industrial products company’s stock valued at $36,362,000 after buying an additional 381,497 shares during the period. RKL Wealth Management LLC increased its holdings in Ingersoll-Rand by 20.9% in the 3rd quarter. RKL Wealth Management LLC now owns 11,966 shares of the industrial products company’s stock valued at $1,069,000 after buying an additional 2,072 shares during the period. Finally, State of Wisconsin Investment Board increased its holdings in Ingersoll-Rand by 5.5% in the 3rd quarter. State of Wisconsin Investment Board now owns 226,326 shares of the industrial products company’s stock valued at $20,181,000 after buying an additional 11,824 shares during the period. 81.71% of the stock is currently owned by institutional investors and hedge funds.
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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.
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