Ingersoll Rand (NYSE:IR) Cut to "Hold" at Stifel Nicolaus

Ingersoll Rand (NYSE:IR - Get Free Report) was downgraded by equities research analysts at Stifel Nicolaus from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Monday, Marketbeat reports. They currently have a $107.00 price target on the industrial products company's stock, down from their prior price target of $112.00. Stifel Nicolaus' target price suggests a potential upside of 5.26% from the stock's current price.

A number of other equities research analysts also recently issued reports on IR. Cfra boosted their target price on shares of Ingersoll Rand from $85.00 to $95.00 and gave the company a "hold" rating in a report on Friday, October 4th. Wells Fargo & Company raised their price objective on Ingersoll Rand from $100.00 to $110.00 and gave the stock an "overweight" rating in a report on Monday, October 7th. Wolfe Research upgraded shares of Ingersoll Rand to a "hold" rating in a report on Friday, September 20th. Barclays boosted their price objective on Ingersoll Rand from $101.00 to $105.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 2nd. Finally, Robert W. Baird lowered their target price on Ingersoll Rand from $114.00 to $109.00 and set an "outperform" rating for the company in a research note on Monday, November 4th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $103.83.

Ingersoll Rand Trading Down 0.8 %

Shares of Ingersoll Rand stock traded down $0.78 during trading hours on Monday, reaching $101.65. 1,817,816 shares of the company's stock were exchanged, compared to its average volume of 2,528,744. The company has a fifty day moving average of $97.83 and a 200-day moving average of $94.25. Ingersoll Rand has a 52-week low of $69.46 and a 52-week high of $105.63. The firm has a market capitalization of $40.97 billion, a price-to-earnings ratio of 49.97, a price-to-earnings-growth ratio of 3.89 and a beta of 1.42. The company has a current ratio of 2.36, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46.

Insider Buying and Selling at Ingersoll Rand

In other Ingersoll Rand news, insider Kathleen M. Keene sold 4,629 shares of Ingersoll Rand stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $89.99, for a total transaction of $416,563.71. Following the completion of the sale, the insider now owns 3,829 shares of the company's stock, valued at $344,571.71. This trade represents a 54.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Elizabeth Meloy Hepding sold 7,500 shares of the business's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $91.42, for a total value of $685,650.00. Following the completion of the transaction, the insider now owns 6,559 shares in the company, valued at $599,623.78. This trade represents a 53.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,660 shares of company stock valued at $1,348,834 in the last three months. 0.68% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ingersoll Rand

Several large investors have recently made changes to their positions in IR. Teachers Retirement System of The State of Kentucky grew its position in Ingersoll Rand by 28.3% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 221,919 shares of the industrial products company's stock worth $21,783,000 after acquiring an additional 48,975 shares in the last quarter. Coldstream Capital Management Inc. increased its position in Ingersoll Rand by 9.2% during the third quarter. Coldstream Capital Management Inc. now owns 7,601 shares of the industrial products company's stock worth $750,000 after buying an additional 639 shares during the last quarter. Geode Capital Management LLC raised its holdings in Ingersoll Rand by 0.6% during 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 buying an additional 54,952 shares in the last quarter. MidWestOne Financial Group Inc. acquired a new stake in shares of Ingersoll Rand in the third quarter worth about $207,000. Finally, M&T Bank Corp boosted its stake in shares of Ingersoll Rand by 1.1% during the 3rd quarter. M&T Bank Corp now owns 30,088 shares of the industrial products company's stock worth $2,953,000 after acquiring an additional 329 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.