Ingersoll Rand Inc. (NYSE:IR) Given Average Rating of “Moderate Buy” by Analysts

Ingersoll Rand Inc. (NYSE:IR) has received an average recommendation of “Moderate Buy” from the eleven research firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $92.73.

Several research analysts have commented on IR shares. Evercore ISI downgraded shares of Ingersoll Rand from an “outperform” rating to an “in-line” rating and increased their price objective for the company from $81.00 to $89.00 in a report on Tuesday, February 20th. Citigroup upped their price objective on Ingersoll Rand from $105.00 to $112.00 and gave the company a “buy” rating in a research report on Monday, April 8th. StockNews.com upgraded Ingersoll Rand from a “hold” rating to a “buy” rating in a research report on Sunday, April 7th. UBS Group upped their price target on shares of Ingersoll Rand from $78.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, January 29th. Finally, Barclays raised their price objective on Ingersoll Rand from $101.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd.

Ingersoll Rand Stock Down 1.3 %

NYSE IR opened at $91.92 on Friday. Ingersoll Rand has a 52 week low of $53.24 and a 52 week high of $96.17. The company has a quick ratio of 1.67, a current ratio of 2.22 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $37.08 billion, a P/E ratio of 48.38, a price-to-earnings-growth ratio of 3.24 and a beta of 1.44. The stock’s 50-day moving average price is $90.70 and its 200-day moving average price is $77.77.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings data on Thursday, February 15th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.09. Ingersoll Rand had a net margin of 11.32% and a return on equity of 12.24%. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.76 billion. On average, equities research analysts predict that Ingersoll Rand will post 3.1 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th were given a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.08 annualized dividend and a yield of 0.09%. Ingersoll Rand’s dividend payout ratio is presently 4.21%.

Insider Activity at Ingersoll Rand

In other news, insider Vicente Reynal sold 240,000 shares of Ingersoll Rand stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $90.16, for a total value of $21,638,400.00. Following the completion of the transaction, the insider now owns 91,957 shares in the company, valued at approximately $8,290,843.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Andrew R. Schiesl sold 35,000 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $89.46, for a total value of $3,131,100.00. Following the transaction, the insider now owns 16,525 shares in the company, valued at approximately $1,478,326.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Vicente Reynal sold 240,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $90.16, for a total transaction of $21,638,400.00. Following the sale, the insider now directly owns 91,957 shares in the company, valued at approximately $8,290,843.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 293,011 shares of company stock worth $26,374,789. Company insiders own 0.83% of the company’s stock.

Institutional Investors Weigh In On Ingersoll Rand

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IR. Horizon Investments LLC raised its stake in shares of Ingersoll Rand by 2.7% during the second quarter. Horizon Investments LLC now owns 5,837 shares of the industrial products company’s stock worth $382,000 after purchasing an additional 152 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Ingersoll Rand by 17.9% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,137 shares of the industrial products company’s stock valued at $88,000 after acquiring an additional 173 shares in the last quarter. Global Retirement Partners LLC increased its stake in shares of Ingersoll Rand by 11.9% during the third quarter. Global Retirement Partners LLC now owns 1,800 shares of the industrial products company’s stock worth $114,000 after acquiring an additional 191 shares during the period. Pinnacle Associates Ltd. raised its holdings in Ingersoll Rand by 4.7% during the fourth quarter. Pinnacle Associates Ltd. now owns 4,333 shares of the industrial products company’s stock worth $335,000 after purchasing an additional 193 shares in the last quarter. Finally, Catalyst Financial Partners LLC boosted its position in shares of Ingersoll Rand by 3.3% during the 3rd quarter. Catalyst Financial Partners LLC now owns 6,021 shares of the industrial products company’s stock worth $384,000 after purchasing an additional 194 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

About Ingersoll Rand

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.