Ingersoll Rand Inc. (NYSE:IR) Receives $107.67 Average Price Target from Analysts

Shares of Ingersoll Rand Inc. (NYSE:IR) have received a consensus rating of “Moderate Buy” from the thirteen analysts that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $107.67.

Several equities analysts have weighed in on IR shares. The Goldman Sachs Group increased their target price on Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Wolfe Research raised shares of Ingersoll Rand to a “hold” rating in a report on Friday, September 20th. Stifel Nicolaus downgraded Ingersoll Rand from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $112.00 to $107.00 in a research note on Monday, November 18th. Cfra increased their price target on Ingersoll Rand from $85.00 to $95.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Finally, Morgan Stanley began coverage on Ingersoll Rand in a research note on Friday, September 6th. They set an “equal weight” rating and a $97.00 target price for the company.

Insider Buying and Selling at Ingersoll Rand

In other news, CAO Michael J. Scheske sold 2,531 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $97.44, for a total value of $246,620.64. Following the completion of the sale, the chief accounting officer now owns 11,910 shares of the company’s stock, valued at approximately $1,160,510.40. This represents a 17.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.68% of the company’s stock.

Institutional Trading of Ingersoll Rand

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ridgewood Investments LLC bought a new position in shares of Ingersoll Rand in the 2nd quarter valued at about $25,000. Ashton Thomas Securities LLC acquired a new stake in Ingersoll Rand in the 3rd quarter valued at about $34,000. Eastern Bank bought a new position in Ingersoll Rand during the third quarter worth about $42,000. UMB Bank n.a. increased its position in Ingersoll Rand by 196.8% during the second quarter. UMB Bank n.a. now owns 466 shares of the industrial products company’s stock worth $42,000 after buying an additional 309 shares during the last quarter. Finally, Rothschild Investment LLC bought a new stake in Ingersoll Rand in the second quarter valued at approximately $43,000. 95.27% of the stock is owned by institutional investors.

Ingersoll Rand Stock Performance

Shares of Ingersoll Rand stock opened at $92.28 on Thursday. Ingersoll Rand has a 52 week low of $74.01 and a 52 week high of $106.03. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.36. The stock has a market capitalization of $37.19 billion, a price-to-earnings ratio of 45.01, a PEG ratio of 3.86 and a beta of 1.42. The firm has a fifty day moving average of $100.63 and a two-hundred day moving average of $95.88.

Ingersoll Rand Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 14th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.09%. The ex-dividend date of this dividend was Thursday, November 14th. Ingersoll Rand’s payout ratio is 3.90%.

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.