Ingersoll Rand Inc. (NYSE:IR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Ingersoll Rand Inc. (NYSE:IR) has been assigned an average recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $92.73.

IR has been the topic of a number of recent analyst reports. UBS Group upped their price objective on Ingersoll Rand from $78.00 to $93.00 and gave the company a “buy” rating in a report on Monday, January 29th. Wells Fargo & Company upped their price objective on Ingersoll Rand from $83.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, February 20th. StockNews.com upgraded Ingersoll Rand from a “hold” rating to a “buy” rating in a report on Sunday, April 7th. BNP Paribas initiated coverage on Ingersoll Rand in a report on Tuesday, March 12th. They issued a “neutral” rating and a $92.00 price objective on the stock. Finally, Citigroup upped their price objective on Ingersoll Rand from $105.00 to $112.00 and gave the company a “buy” rating in a report on Monday, April 8th.

Insider Transactions at Ingersoll Rand

In other news, insider Vicente Reynal sold 240,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $90.16, for a total transaction of $21,638,400.00. Following the sale, the insider now owns 91,957 shares of the company’s stock, valued at $8,290,843.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Vicente Reynal sold 240,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $90.16, for a total transaction of $21,638,400.00. Following the sale, the insider now owns 91,957 shares of the company’s stock, valued at $8,290,843.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andrew R. Schiesl sold 35,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $89.46, for a total value of $3,131,100.00. Following the sale, the insider now directly owns 16,525 shares in the company, valued at approximately $1,478,326.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 293,011 shares of company stock valued at $26,374,789. 0.83% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ingersoll Rand

A number of institutional investors and hedge funds have recently modified their holdings of the company. Horizon Investments LLC grew its stake in shares of Ingersoll Rand by 2.7% during the second quarter. Horizon Investments LLC now owns 5,837 shares of the industrial products company’s stock worth $382,000 after purchasing an additional 152 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in Ingersoll Rand by 17.9% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,137 shares of the industrial products company’s stock valued at $88,000 after acquiring an additional 173 shares in the last quarter. Global Retirement Partners LLC boosted its stake in Ingersoll Rand by 11.9% in the third quarter. Global Retirement Partners LLC now owns 1,800 shares of the industrial products company’s stock valued at $114,000 after acquiring an additional 191 shares in the last quarter. Pinnacle Associates Ltd. boosted its stake in Ingersoll Rand by 4.7% in the fourth quarter. Pinnacle Associates Ltd. now owns 4,333 shares of the industrial products company’s stock valued at $335,000 after acquiring an additional 193 shares in the last quarter. Finally, Catalyst Financial Partners LLC boosted its stake in Ingersoll Rand by 3.3% in the third quarter. Catalyst Financial Partners LLC now owns 6,021 shares of the industrial products company’s stock valued at $384,000 after acquiring an additional 194 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Trading Down 1.4 %

Shares of Ingersoll Rand stock opened at $89.57 on Friday. The stock has a market cap of $36.14 billion, a P/E ratio of 47.14, a P/E/G ratio of 3.18 and a beta of 1.44. The stock’s 50 day simple moving average is $91.12 and its 200-day simple moving average is $78.43. Ingersoll Rand has a 1-year low of $53.24 and a 1-year high of $96.17. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.22 and a quick ratio of 1.67.

Ingersoll Rand (NYSE:IR) last issued its earnings results on Thursday, February 15th. The industrial products company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.09. Ingersoll Rand had a return on equity of 12.24% and a net margin of 11.32%. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.76 billion. Analysts predict that Ingersoll Rand will post 3.1 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date was Wednesday, March 6th. Ingersoll Rand’s dividend payout ratio is currently 4.21%.

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.