Ingersoll Rand (NYSE:IR) Hits New 52-Week Low - Time to Sell?

Ingersoll Rand Inc. (NYSE:IR - Get Free Report)'s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $79.79 and last traded at $80.33, with a volume of 970129 shares. The stock had previously closed at $81.49.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Robert W. Baird boosted their price target on shares of Ingersoll Rand from $105.00 to $111.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Evercore ISI dropped 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 report on Wednesday, February 19th. Wells Fargo & Company dropped their price target on shares of Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. Stifel Nicolaus cut their price objective on Ingersoll Rand from $100.00 to $94.00 and set a "hold" rating on the stock in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group boosted their price objective on Ingersoll Rand from $109.00 to $121.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $105.36.

Ingersoll Rand Trading Up 1.2 %

The firm has a market cap of $33.39 billion, a P/E ratio of 40.21, a PEG ratio of 3.50 and a beta of 1.48. The company has a 50 day moving average of $88.29 and a 200 day moving average of $94.24. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.29.

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Ingersoll Rand (NYSE:IR - Get Free Report) last announced its quarterly 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). The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. Analysts predict that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.08 dividend on an annualized basis and a yield of 0.10%. Ingersoll Rand's payout ratio is currently 3.88%.

Institutional Investors Weigh In On Ingersoll Rand

A number of large investors have recently added to or reduced their stakes in the stock. Atria Investments Inc lifted its holdings in shares of Ingersoll Rand by 18.5% during the third quarter. Atria Investments Inc now owns 13,381 shares of the industrial products company's stock worth $1,313,000 after buying an additional 2,087 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Ingersoll Rand during the third quarter worth approximately $201,000. Apollon Wealth Management LLC lifted its holdings in shares of Ingersoll Rand by 3.7% during the third quarter. Apollon Wealth Management LLC now owns 5,449 shares of the industrial products company's stock worth $535,000 after buying an additional 196 shares during the last quarter. Harbour Investments Inc. raised its stake in shares of Ingersoll Rand by 16.0% in the third quarter. Harbour Investments Inc. now owns 2,310 shares of the industrial products company's stock valued at $227,000 after purchasing an additional 319 shares in the last quarter. Finally, Aptus Capital Advisors LLC raised its stake in shares of Ingersoll Rand by 7.3% in the third quarter. Aptus Capital Advisors LLC now owns 2,630 shares of the industrial products company's stock valued at $258,000 after purchasing an additional 179 shares in the last quarter. Institutional investors own 95.27% of the company's stock.

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.