Ingersoll Rand (NYSE:IR) Price Target Raised to $105.00 at Barclays

Ingersoll Rand (NYSE:IRFree Report) had its target price increased by Barclays from $101.00 to $105.00 in a report released on Tuesday morning, Benzinga reports. Barclays currently has an overweight rating on the industrial products company’s stock.

IR has been the subject of several other reports. The Goldman Sachs Group raised their target price on shares of Ingersoll Rand from $87.00 to $97.00 and gave the company a buy rating in a report on Wednesday, February 21st. StockNews.com downgraded shares of Ingersoll Rand from a buy rating to a hold rating in a report on Saturday. UBS Group lifted their price target on shares of Ingersoll Rand from $78.00 to $93.00 and gave the stock a buy rating in a report on Monday, January 29th. Stifel Nicolaus reiterated a buy rating and set a $102.00 price target on shares of Ingersoll Rand in a report on Tuesday, March 26th. Finally, BNP Paribas began coverage on shares of Ingersoll Rand in a report on Tuesday, March 12th. They set a neutral rating and a $92.00 price target for the company. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $87.50.

Get Our Latest Analysis on IR

Ingersoll Rand Stock Down 1.1 %

Shares of NYSE IR opened at $92.55 on Tuesday. The company has a quick ratio of 1.67, a current ratio of 2.22 and a debt-to-equity ratio of 0.27. Ingersoll Rand has a 52 week low of $53.24 and a 52 week high of $96.17. The firm has a 50-day moving average price of $88.40 and a 200 day moving average price of $76.17. The stock has a market capitalization of $37.34 billion, a price-to-earnings ratio of 48.71, a price-to-earnings-growth ratio of 3.41 and a beta of 1.44.

Ingersoll Rand (NYSE:IRGet Free Report) last posted its earnings results on Thursday, February 15th. The industrial products company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.09. Ingersoll Rand had a net margin of 11.32% and a return on equity of 12.24%. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.76 billion. Equities research analysts anticipate that Ingersoll Rand will post 3.1 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders 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 yield of 0.09%. The ex-dividend date was Wednesday, March 6th. Ingersoll Rand’s dividend payout ratio (DPR) is presently 4.21%.

Insiders Place Their Bets

In other news, insider Andrew R. Schiesl sold 10,421 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $89.95, for a total transaction of $937,368.95. Following the completion of the sale, the insider now owns 48,904 shares in the company, valued at approximately $4,398,914.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Michael J. Scheske sold 7,590 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $88.00, for a total transaction of $667,920.00. Following the completion of the sale, the chief accounting officer now owns 9,715 shares in the company, valued at approximately $854,920. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andrew R. Schiesl sold 10,421 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $89.95, for a total value of $937,368.95. Following the sale, the insider now owns 48,904 shares of the company’s stock, valued at approximately $4,398,914.80. The disclosure for this sale can be found here. Insiders sold 293,011 shares of company stock worth $26,374,789 over the last three months. 0.83% of the stock is owned by insiders.

Hedge Funds Weigh In On Ingersoll Rand

Hedge funds and other institutional investors have recently bought and sold shares of the stock. OFI Invest Asset Management acquired a new position in Ingersoll Rand during the 3rd quarter worth approximately $25,000. ANTIPODES PARTNERS Ltd acquired a new position in Ingersoll Rand during the 4th quarter worth approximately $27,000. Pacifica Partners Inc. acquired a new position in Ingersoll Rand during the 3rd quarter worth approximately $28,000. Quintet Private Bank Europe S.A. acquired a new position in shares of Ingersoll Rand in the 3rd quarter valued at approximately $28,000. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Ingersoll Rand in the 4th quarter valued at approximately $28,000. 95.27% of the stock is owned by institutional investors and hedge funds.

Ingersoll Rand Company Profile

(Get Free Report)

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.

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