Ingersoll Rand Inc. (NYSE:IR) Given Average Recommendation of “Moderate Buy” by Brokerages

Ingersoll Rand Inc. (NYSE:IR) has received a consensus rating of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $101.17.

Several research firms recently issued reports on IR. Robert W. Baird upped their price objective on shares of Ingersoll Rand from $109.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Jefferies Financial Group assumed coverage on Ingersoll Rand in a research report on Friday, June 21st. They issued a “buy” rating and a $110.00 price target on the stock. Wells Fargo & Company cut their price objective on Ingersoll Rand from $102.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Evercore ISI lowered their target price on Ingersoll Rand from $93.00 to $88.00 and set an “in-line” rating on the stock in a report on Monday, August 19th. Finally, Wolfe Research upgraded Ingersoll Rand to a “hold” rating in a report on Friday, September 20th.

Ingersoll Rand Price Performance

NYSE IR opened at $101.14 on Friday. Ingersoll Rand has a fifty-two week low of $59.20 and a fifty-two week high of $101.30. The stock’s 50-day moving average is $92.42 and its two-hundred day moving average is $92.77. The firm has a market cap of $40.80 billion, a P/E ratio of 50.32, a price-to-earnings-growth ratio of 2.75 and a beta of 1.42. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.18 and a quick ratio of 1.52.

Ingersoll Rand (NYSE:IR) last posted its earnings results on Wednesday, July 31st. The industrial products company reported $0.80 earnings per share 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 firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.78 billion. On average, analysts anticipate that Ingersoll Rand will post 3.21 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

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

Insider Activity at Ingersoll Rand

In related news, insider Andrew R. Schiesl sold 15,381 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $89.74, for a total transaction of $1,380,290.94. Following the completion of the sale, the insider now owns 39,486 shares in the company, valued at $3,543,473.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Andrew R. Schiesl sold 15,381 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $89.74, for a total value of $1,380,290.94. Following the transaction, the insider now directly owns 39,486 shares of the company’s stock, valued at $3,543,473.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kathleen M. Keene sold 4,629 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $89.99, for a total value of $416,563.71. Following the sale, the insider now directly owns 3,829 shares of the company’s stock, valued at $344,571.71. This 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 in the last 90 days. 0.68% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in IR. Ridgewood Investments LLC bought a new position in Ingersoll Rand in the 2nd quarter valued at $25,000. Kapitalo Investimentos Ltda acquired a new stake in Ingersoll Rand in the fourth quarter worth about $28,000. Headlands Technologies LLC bought a new stake in Ingersoll Rand during the 1st quarter worth about $28,000. Riverview Trust Co acquired a new stake in Ingersoll Rand during the 1st quarter worth $29,000. Finally, Scarborough Advisors LLC bought a new position in Ingersoll Rand during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

About Ingersoll Rand

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.