Ingersoll Rand Inc. (NYSE:IR) Receives $100.00 Consensus Target Price from Brokerages

Ingersoll Rand Inc. (NYSE:IR) has received a consensus rating of “Moderate Buy” from the twelve ratings firms that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $100.00.

IR has been the topic of a number of research reports. Robert W. Baird lifted their price objective on Ingersoll Rand from $109.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Stifel Nicolaus lifted their price objective on Ingersoll Rand from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Evercore ISI reduced their price objective on Ingersoll Rand from $93.00 to $88.00 and set an “in-line” rating on the stock in a research note on Monday, August 19th. Jefferies Financial Group initiated coverage on Ingersoll Rand in a research note on Friday, June 21st. They issued a “buy” rating and a $110.00 price objective on the stock. Finally, Wells Fargo & Company reduced their price objective on Ingersoll Rand from $102.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd.

Insiders Place Their Bets

In other Ingersoll Rand 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 sale, the insider now owns 3,829 shares in the company, valued at $344,571.71. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Vicente Reynal sold 50,000 shares of the firm’s 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 sale, the insider now owns 100,367 shares of the company’s stock, valued at $9,284,951.17. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kathleen M. Keene sold 4,629 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $89.99, for a total value 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. The disclosure for this sale can be found here. Insiders have sold a total of 77,510 shares of company stock worth $7,108,005 over the last quarter. Company insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Ingersoll Rand

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ridgewood Investments LLC purchased a new position in shares of Ingersoll Rand in the second quarter worth about $25,000. Headlands Technologies LLC acquired a new stake in Ingersoll Rand in the first quarter valued at approximately $28,000. Riverview Trust Co acquired a new stake in Ingersoll Rand in the first quarter valued at approximately $29,000. Kapitalo Investimentos Ltda acquired a new stake in Ingersoll Rand in the fourth quarter valued at approximately $28,000. Finally, ESL Trust Services LLC acquired a new stake in Ingersoll Rand in the first quarter valued at approximately $35,000. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingersoll Rand Stock Up 1.3 %

Shares of IR opened at $91.03 on Tuesday. The business’s 50 day moving average is $92.42 and its 200 day moving average is $92.13. The company has a market capitalization of $36.73 billion, a PE ratio of 45.29, a price-to-earnings-growth ratio of 2.53 and a beta of 1.42. Ingersoll Rand has a 12-month low of $59.20 and a 12-month high of $101.30. The company has a current ratio of 2.18, a quick ratio of 1.52 and a debt-to-equity ratio of 0.47.

Ingersoll Rand (NYSE:IR) last issued its earnings results on Wednesday, July 31st. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.06. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.78 billion. Ingersoll Rand had a return on equity of 13.00% and a net margin of 11.73%. Research analysts expect that Ingersoll Rand will post 3.21 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 15th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.08 annualized dividend and a yield of 0.09%. Ingersoll Rand’s payout ratio is presently 3.98%.

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.