Ingersoll Rand (NYSE:IR) Given New $102.00 Price Target at Barclays

Ingersoll Rand (NYSE:IR - Get Free Report) had its price objective lowered by investment analysts at Barclays from $115.00 to $102.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the industrial products company's stock. Barclays's target price indicates a potential upside of 18.14% from the company's previous close.

Several other equities analysts have also recently weighed in on IR. UBS Group started coverage on Ingersoll Rand in a research report on Wednesday, November 13th. They set a "buy" rating and a $124.00 price objective for the company. Stifel Nicolaus dropped their target price on shares of Ingersoll Rand from $100.00 to $94.00 and set a "hold" rating on the stock in a research report on Tuesday. Wells Fargo & Company lowered their price objective on Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. Robert W. Baird upped their price objective on Ingersoll Rand from $105.00 to $111.00 and gave the company an "outperform" rating in a research note on Tuesday. Finally, The Goldman Sachs Group increased their price objective on Ingersoll Rand from $109.00 to $121.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $104.75.

Ingersoll Rand Stock Performance

Shares of NYSE:IR traded up $0.65 on Tuesday, hitting $86.34. The company's stock had a trading volume of 1,163,806 shares, compared to its average volume of 2,454,187. The company has a market capitalization of $34.79 billion, a price-to-earnings ratio of 41.91, a price-to-earnings-growth ratio of 3.45 and a beta of 1.43. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.29. Ingersoll Rand has a 12 month low of $83.72 and a 12 month high of $106.03. The stock's 50-day moving average is $91.79 and its two-hundred day moving average is $95.01.

Ingersoll Rand (NYSE:IR - Get Free Report) last announced its earnings results on Thursday, February 13th. The industrial products company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.04). Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. The company had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.91 billion. On average, equities research analysts forecast that Ingersoll Rand will post 3.3 EPS for the current year.

Institutional Trading of Ingersoll Rand

A number of institutional investors have recently modified their holdings of IR. Vanguard Group Inc. increased its position in Ingersoll Rand by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 45,684,016 shares of the industrial products company's stock worth $4,132,576,000 after buying an additional 446,591 shares during the last quarter. Capital International Investors boosted its holdings in shares of Ingersoll Rand by 4.6% during the fourth quarter. Capital International Investors now owns 36,673,865 shares of the industrial products company's stock worth $3,317,537,000 after acquiring an additional 1,606,363 shares during the period. Capital World Investors boosted its position in shares of Ingersoll Rand by 1.0% during the 4th quarter. Capital World Investors now owns 20,088,857 shares of the industrial products company's stock worth $1,817,238,000 after acquiring an additional 197,711 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Ingersoll Rand by 3.6% during the fourth quarter. JPMorgan Chase & Co. now owns 18,878,280 shares of the industrial products company's stock worth $1,707,729,000 after acquiring an additional 649,102 shares in the last quarter. Finally, FMR LLC grew its position in Ingersoll Rand by 8.2% during the 4th quarter. FMR LLC now owns 17,472,317 shares of the industrial products company's stock worth $1,580,546,000 after acquiring an additional 1,320,223 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors.

Ingersoll Rand Company Profile

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.