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

Shares of Ingersoll Rand Inc. (NYSE:IR - Get Free Report) have been given an average rating of "Moderate Buy" by the thirteen brokerages that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $102.17.

A number of equities research analysts recently issued reports on the stock. Robert W. Baird increased their target price on shares of Ingersoll Rand from $109.00 to $115.00 and gave the stock an "outperform" rating in a research report on Friday, August 2nd. Wells Fargo & Company upped their price target on Ingersoll Rand from $100.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, October 7th. Barclays upped their target price on Ingersoll Rand from $101.00 to $105.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 2nd. Stifel Nicolaus lifted their price target on shares of Ingersoll Rand from $101.00 to $112.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Finally, Cfra upped their price objective on shares of Ingersoll Rand from $85.00 to $95.00 and gave the stock a "hold" rating in a report on Friday, October 4th.

Ingersoll Rand Stock Down 0.1 %

Shares of Ingersoll Rand stock traded down $0.09 during midday trading on Wednesday, hitting $97.17. The company's stock had a trading volume of 797,174 shares, compared to its average volume of 2,528,112. Ingersoll Rand has a 1-year low of $60.18 and a 1-year high of $102.74. The company has a quick ratio of 1.52, a current ratio of 2.18 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $39.20 billion, a P/E ratio of 48.39, a PEG ratio of 2.69 and a beta of 1.42. The stock has a 50-day simple moving average of $95.04 and a 200-day simple moving average of $93.39.

Ingersoll Rand (NYSE:IR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.06. Ingersoll Rand had a return on equity of 13.00% and a net margin of 11.73%. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.78 billion. As a group, sell-side analysts expect that Ingersoll Rand will post 3.21 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.08%. The ex-dividend date of this dividend is Thursday, November 14th. Ingersoll Rand's dividend payout ratio (DPR) is presently 3.98%.

Insider Activity at Ingersoll Rand

In related news, insider Kathleen M. Keene sold 4,629 shares of the firm's stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $89.99, for a total value of $416,563.71. Following the transaction, the insider now owns 3,829 shares in the company, valued at $344,571.71. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Kathleen M. Keene sold 4,629 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $89.99, for a total value of $416,563.71. Following the transaction, the insider now owns 3,829 shares of the company's stock, valued at $344,571.71. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Vicente Reynal sold 50,000 shares of Ingersoll Rand stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $92.51, for a total value of $4,625,500.00. Following the sale, the insider now directly owns 100,367 shares of the company's stock, valued at approximately $9,284,951.17. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 77,510 shares of company stock valued at $7,108,005 over the last quarter. 0.68% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Ridgewood Investments LLC bought a new position in shares of Ingersoll Rand during the 2nd quarter valued at about $25,000. Headlands Technologies LLC bought a new position in shares of Ingersoll Rand during the 1st quarter worth approximately $28,000. ESL Trust Services LLC bought a new stake in Ingersoll Rand in the 1st quarter valued at $35,000. Eastern Bank acquired a new stake in Ingersoll Rand during the 3rd quarter valued at $42,000. Finally, EverSource Wealth Advisors LLC boosted its position in Ingersoll Rand by 38.5% during the first quarter. EverSource Wealth Advisors LLC now owns 453 shares of the industrial products company's stock worth $42,000 after purchasing an additional 126 shares during the period. Institutional investors and hedge funds 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.