Ingersoll Rand Inc. (NYSE:IR) Receives Average Rating of "Moderate Buy" from Analysts

Ingersoll Rand Inc. (NYSE:IR - Get Free Report) has been assigned an average rating of "Moderate Buy" from the thirteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $103.83.

IR has been the topic of several analyst reports. Wells Fargo & Company boosted their price target on shares of Ingersoll Rand from $100.00 to $110.00 and gave the company an "overweight" rating in a report on Monday, October 7th. Cfra raised their target price on Ingersoll Rand from $85.00 to $95.00 and gave the company a "hold" rating in a research note on Friday, October 4th. Morgan Stanley assumed coverage on Ingersoll Rand in a report on Friday, September 6th. They set an "equal weight" rating and a $97.00 price objective on the stock. Wolfe Research upgraded shares of Ingersoll Rand to a "hold" rating in a research report on Friday, September 20th. Finally, Robert W. Baird cut their target price on Ingersoll Rand from $114.00 to $109.00 and set an "outperform" rating on the stock in a research note on Monday, November 4th.

Ingersoll Rand Stock Performance

Shares of IR stock traded up $0.96 on Friday, hitting $104.00. 2,163,709 shares of the stock traded hands, compared to its average volume of 2,304,731. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.36 and a quick ratio of 1.71. Ingersoll Rand has a 1-year low of $69.46 and a 1-year high of $105.63. The company's fifty day moving average is $99.20 and its 200 day moving average is $94.68. The company has a market capitalization of $41.91 billion, a PE ratio of 50.73, a PEG ratio of 3.91 and a beta of 1.42.

Ingersoll Rand Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.08%. Ingersoll Rand's payout ratio is 3.90%.

Insider Transactions at Ingersoll Rand

In other Ingersoll Rand news, CAO Michael J. Scheske sold 2,531 shares of Ingersoll Rand stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $97.44, for a total value of $246,620.64. Following the completion of the transaction, the chief accounting officer now directly owns 11,910 shares of the company's stock, valued at $1,160,510.40. This trade represents a 17.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Kathleen M. Keene sold 4,629 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $89.99, for a total value of $416,563.71. Following the sale, the insider now owns 3,829 shares in the company, valued at $344,571.71. The trade was a 54.73 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.68% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. FMR LLC raised its position in Ingersoll Rand by 10.5% during the third quarter. FMR LLC now owns 16,152,094 shares of the industrial products company's stock worth $1,585,489,000 after acquiring an additional 1,538,056 shares during the period. State Street Corp grew its position in Ingersoll Rand by 0.7% in the 3rd quarter. State Street Corp now owns 15,776,908 shares of the industrial products company's stock valued at $1,548,661,000 after acquiring an additional 112,824 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Ingersoll Rand by 0.6% in the third quarter. Geode Capital Management LLC now owns 9,436,467 shares of the industrial products company's stock valued at $923,087,000 after purchasing an additional 54,952 shares during the period. Fisher Asset Management LLC lifted its stake in Ingersoll Rand by 1.7% in the third quarter. Fisher Asset Management LLC now owns 6,744,839 shares of the industrial products company's stock worth $662,074,000 after acquiring an additional 114,727 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Ingersoll Rand by 6.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,462,558 shares of the industrial products company's stock valued at $314,549,000 after acquiring an additional 224,463 shares during the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.

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.