Robert W. Baird Lowers Ingersoll Rand (NYSE:IR) Price Target to $109.00

Ingersoll Rand (NYSE:IR - Free Report) had its price objective decreased by Robert W. Baird from $114.00 to $109.00 in a research report report published on Monday, Benzinga reports. Robert W. Baird currently has an outperform rating on the industrial products company's stock.

Several other research firms also recently issued reports on IR. Stifel Nicolaus upped their price target on Ingersoll Rand from $101.00 to $112.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Wells Fargo & Company upped their price target on shares of Ingersoll Rand from $100.00 to $110.00 and gave the company an "overweight" rating in a report on Monday, October 7th. Morgan Stanley started coverage on shares of Ingersoll Rand in a research note on Friday, September 6th. They issued an "equal weight" rating and a $97.00 price objective on the stock. Evercore ISI cut their price target on Ingersoll Rand from $93.00 to $88.00 and set an "in-line" rating for the company in a report on Monday, August 19th. Finally, Cfra boosted their price objective on Ingersoll Rand from $85.00 to $95.00 and gave the company a "hold" rating in a research report on Friday, October 4th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $101.67.

Ingersoll Rand Stock Up 0.7 %

Shares of NYSE IR traded up $0.64 during mid-day trading on Monday, reaching $94.61. The company had a trading volume of 2,520,303 shares, compared to its average volume of 2,542,228. Ingersoll Rand has a 12-month low of $64.60 and a 12-month high of $102.74. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.52 and a current ratio of 2.18. The company has a market capitalization of $38.17 billion, a price-to-earnings ratio of 45.84, a PEG ratio of 2.63 and a beta of 1.42. The stock has a fifty day moving average of $95.32 and a two-hundred day moving average of $93.50.

Ingersoll Rand Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.08%. Ingersoll Rand's payout ratio is currently 3.90%.

Insider Activity at Ingersoll Rand

In other Ingersoll Rand news, insider Vicente Reynal sold 50,000 shares of Ingersoll Rand stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $92.51, for a total transaction of $4,625,500.00. Following the transaction, the insider now directly owns 100,367 shares in the company, valued at approximately $9,284,951.17. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Vicente Reynal sold 50,000 shares of the firm's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $92.51, for a total transaction of $4,625,500.00. Following the sale, the insider now directly owns 100,367 shares in the company, valued at $9,284,951.17. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Kathleen M. Keene sold 4,629 shares of the company's stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $89.99, for a total transaction of $416,563.71. Following the completion of the transaction, the insider now directly owns 3,829 shares of the company's stock, valued at approximately $344,571.71. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,510 shares of company stock worth $7,108,005. 0.68% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IR. Ridgewood Investments LLC bought a new stake in shares of Ingersoll Rand in the 2nd quarter valued at about $25,000. Headlands Technologies LLC acquired a new stake in shares of Ingersoll Rand in the first quarter valued at approximately $28,000. Ashton Thomas Securities LLC bought a new position in shares of Ingersoll Rand during the 3rd quarter worth approximately $34,000. ESL Trust Services LLC bought a new stake in Ingersoll Rand in the 1st quarter valued at $35,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Ingersoll Rand by 38.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 453 shares of the industrial products company's stock valued at $42,000 after purchasing an additional 126 shares during the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.

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.