Ingersoll Rand Inc. (NYSE:IR - Get Free Report)'s share price hit a new 52-week low on Friday . The stock traded as low as $79.66 and last traded at $79.81, with a volume of 202780 shares. The stock had previously closed at $81.30.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on IR shares. Barclays dropped their price target on Ingersoll Rand from $96.00 to $93.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Stifel Nicolaus decreased their price objective on shares of Ingersoll Rand from $100.00 to $94.00 and set a "hold" rating on the stock in a report on Tuesday, February 18th. Robert W. Baird boosted their target price on shares of Ingersoll Rand from $105.00 to $111.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. Evercore ISI decreased their price target on shares of Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating on the stock in a research note on Wednesday, February 19th. Finally, Wells Fargo & Company dropped their price objective on shares of Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Ingersoll Rand currently has an average rating of "Moderate Buy" and an average price target of $105.09.
Get Our Latest Analysis on IR
Ingersoll Rand Stock Performance
The company has a market cap of $32.27 billion, a price-to-earnings ratio of 38.87, a P/E/G ratio of 3.50 and a beta of 1.48. The stock has a 50 day moving average price of $86.69 and a two-hundred day moving average price of $93.73. The company has a current ratio of 2.29, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46.
Ingersoll Rand (NYSE:IR - Get Free Report) last announced 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). Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. Analysts predict that Ingersoll Rand Inc. will post 3.32 EPS for the current year.
Ingersoll Rand Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.10%. The ex-dividend date of this dividend was Wednesday, March 5th. Ingersoll Rand's dividend payout ratio is 3.88%.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Ingersoll Rand by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 45,684,016 shares of the industrial products company's stock worth $4,132,576,000 after acquiring an additional 446,591 shares during the last quarter. Capital International Investors boosted its holdings in 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 purchasing an additional 1,606,363 shares during the last quarter. Capital World Investors grew its position in Ingersoll Rand by 1.0% in the fourth quarter. Capital World Investors now owns 20,088,857 shares of the industrial products company's stock valued at $1,817,238,000 after purchasing an additional 197,711 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Ingersoll Rand by 3.6% in the 4th quarter. JPMorgan Chase & Co. now owns 18,878,280 shares of the industrial products company's stock valued at $1,707,729,000 after buying an additional 649,102 shares during the last quarter. Finally, FMR LLC lifted 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 buying an additional 1,320,223 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors.
About Ingersoll Rand
(
Get Free Report)
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.
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