Ingersoll Rand Inc. (NYSE:IR) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Ingersoll Rand Inc. (NYSE:IR - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the thirteen research firms that are presently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $107.67.

A number of analysts recently weighed in on the stock. UBS Group assumed coverage on shares of Ingersoll Rand in a research note on Wednesday, November 13th. They issued a "buy" rating and a $124.00 price objective for the company. Robert W. Baird cut their price target on Ingersoll Rand from $114.00 to $109.00 and set an "outperform" rating on the stock in a report on Monday, November 4th. Morgan Stanley assumed coverage on Ingersoll Rand in a research report on Friday, September 6th. They set an "equal weight" rating and a $97.00 price objective on the stock. Citigroup increased their price target on shares of Ingersoll Rand from $112.00 to $119.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Finally, Barclays lifted their price objective on shares of Ingersoll Rand from $105.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th.

Insider Activity

In related news, CAO Michael J. Scheske sold 2,531 shares of the company's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $97.44, for a total value of $246,620.64. Following the sale, the chief accounting officer now owns 11,910 shares of the company's stock, valued at $1,160,510.40. The trade was a 17.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.68% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in IR. FMR LLC increased its holdings in Ingersoll Rand by 10.5% during the 3rd quarter. FMR LLC now owns 16,152,094 shares of the industrial products company's stock valued at $1,585,489,000 after purchasing an additional 1,538,056 shares in the last quarter. State Street Corp grew its holdings in shares of Ingersoll Rand by 0.7% during the third quarter. State Street Corp now owns 15,776,908 shares of the industrial products company's stock worth $1,548,661,000 after purchasing an additional 112,824 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Ingersoll Rand by 2.5% in the third quarter. Franklin Resources Inc. now owns 11,597,321 shares of the industrial products company's stock valued at $1,207,554,000 after buying an additional 278,710 shares during the last quarter. Geode Capital Management LLC lifted its position in Ingersoll Rand by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 9,436,467 shares of the industrial products company's stock worth $923,087,000 after buying an additional 54,952 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in Ingersoll Rand by 1.7% in the 3rd quarter. Fisher Asset Management LLC now owns 6,744,839 shares of the industrial products company's stock valued at $662,074,000 after acquiring an additional 114,727 shares in the last quarter. 95.27% of the stock is owned by institutional investors.

Ingersoll Rand Trading Down 1.7 %

Shares of NYSE IR traded down $1.61 during trading hours on Thursday, reaching $91.26. The stock had a trading volume of 3,183,215 shares, compared to its average volume of 2,474,226. The business's fifty day moving average price is $100.80 and its two-hundred day moving average price is $95.81. The firm has a market cap of $36.78 billion, a price-to-earnings ratio of 44.52, a P/E/G ratio of 3.86 and a beta of 1.42. Ingersoll Rand has a 52-week low of $74.01 and a 52-week high of $106.03. The company has a current ratio of 2.36, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46.

Ingersoll Rand Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 14th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date was Thursday, November 14th. Ingersoll Rand's payout ratio is 3.90%.

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.