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

Ingersoll Rand Inc. (NYSE:IR - Get Free Report) has earned a consensus rating of "Moderate Buy" from the twelve analysts that are presently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $100.36.

Several brokerages have commented on IR. Stifel Nicolaus decreased their target price on shares of Ingersoll Rand from $94.00 to $77.00 and set a "hold" rating for the company in a report on Monday, April 14th. Barclays cut their target price on shares of Ingersoll Rand from $93.00 to $85.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Evercore ISI dropped their price target on Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating on the stock in a research report on Wednesday, February 19th. Robert W. Baird lifted their target price on Ingersoll Rand from $105.00 to $111.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Finally, Citigroup decreased their price target on shares of Ingersoll Rand from $109.00 to $88.00 and set a "buy" rating for the company in a report on Monday, April 14th.

Ingersoll Rand Price Performance

IR stock traded down $0.84 during trading hours on Wednesday, hitting $74.90. 3,400,737 shares of the stock traded hands, compared to its average volume of 2,555,285. Ingersoll Rand has a one year low of $65.61 and a one year high of $106.03. The company has a current ratio of 2.29, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. The company has a market cap of $30.19 billion, a P/E ratio of 36.36, a P/E/G ratio of 3.50 and a beta of 1.40. The stock has a 50-day simple moving average of $78.69 and a 200 day simple moving average of $90.38.

Ingersoll Rand (NYSE:IR - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.04). The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.91 billion. Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. Equities analysts forecast that Ingersoll Rand will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date of this dividend is Thursday, May 15th. Ingersoll Rand's dividend payout ratio is presently 3.88%.

Institutional Trading of Ingersoll Rand

Several large investors have recently made changes to their positions in IR. Chicago Partners Investment Group LLC boosted its position in Ingersoll Rand by 4.7% during the fourth quarter. Chicago Partners Investment Group LLC now owns 2,438 shares of the industrial products company's stock worth $218,000 after purchasing an additional 109 shares during the period. UMB Bank n.a. grew its stake in Ingersoll Rand by 27.0% in the 4th quarter. UMB Bank n.a. now owns 598 shares of the industrial products company's stock valued at $54,000 after buying an additional 127 shares during the last quarter. RDA Financial Network lifted its position in Ingersoll Rand by 3.1% during the 4th quarter. RDA Financial Network now owns 4,324 shares of the industrial products company's stock worth $391,000 after acquiring an additional 128 shares during the last quarter. FSM Wealth Advisors LLC boosted its holdings in Ingersoll Rand by 5.8% during the fourth quarter. FSM Wealth Advisors LLC now owns 2,442 shares of the industrial products company's stock valued at $222,000 after acquiring an additional 134 shares during the period. Finally, Park Avenue Securities LLC boosted its holdings in Ingersoll Rand by 3.3% during the fourth quarter. Park Avenue Securities LLC now owns 4,288 shares of the industrial products company's stock valued at $388,000 after acquiring an additional 136 shares during the period. 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.