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

Shares of Ingersoll Rand Inc. (NYSE:IR) have been assigned an average recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $92.73.

A number of equities analysts recently commented on IR shares. Wells Fargo & Company increased their price target on Ingersoll Rand from $83.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, February 20th. Cfra increased their price target on Ingersoll Rand from $68.00 to $85.00 and gave the company a “hold” rating in a research note on Friday, February 16th. UBS Group increased their price target on Ingersoll Rand from $78.00 to $93.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Citigroup increased their price target on Ingersoll Rand from $105.00 to $112.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, StockNews.com raised Ingersoll Rand from a “hold” rating to a “buy” rating in a research note on Sunday, April 7th.

Ingersoll Rand Stock Performance

NYSE IR opened at $89.57 on Friday. The firm has a market cap of $36.14 billion, a price-to-earnings ratio of 47.14, a price-to-earnings-growth ratio of 3.18 and a beta of 1.44. The company has a quick ratio of 1.67, a current ratio of 2.22 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average price of $91.12 and a 200-day moving average price of $78.43. Ingersoll Rand has a twelve month low of $53.24 and a twelve month high of $96.17.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings data on Thursday, February 15th. The industrial products company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.09. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.76 billion. Ingersoll Rand had a return on equity of 12.24% and a net margin of 11.32%. As a group, equities research 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. Shareholders of record on Thursday, March 7th were given a dividend of $0.02 per share. The ex-dividend date was Wednesday, March 6th. This represents a $0.08 dividend on an annualized basis and a yield of 0.09%. Ingersoll Rand’s dividend payout ratio (DPR) is presently 4.21%.

Insider Buying and Selling at Ingersoll Rand

In other news, CAO Michael J. Scheske sold 7,590 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $88.00, for a total value of $667,920.00. Following the sale, the chief accounting officer now directly owns 9,715 shares in the company, valued at $854,920. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CAO Michael J. Scheske sold 7,590 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $88.00, for a total value of $667,920.00. Following the sale, the chief accounting officer now directly owns 9,715 shares in the company, valued at $854,920. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Andrew R. Schiesl sold 35,000 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 16,525 shares in the company, valued at $1,478,326.50. The disclosure for this sale can be found here. Insiders have sold a total of 293,011 shares of company stock worth $26,374,789 over the last ninety days. Company insiders own 0.83% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. American Century Companies Inc. boosted its position in Ingersoll Rand by 12.0% during the 1st quarter. American Century Companies Inc. now owns 15,601 shares of the industrial products company’s stock valued at $786,000 after acquiring an additional 1,675 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Ingersoll Rand by 47.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,880 shares of the industrial products company’s stock valued at $497,000 after acquiring an additional 3,185 shares in the last quarter. Private Advisor Group LLC bought a new stake in Ingersoll Rand during the 1st quarter valued at $327,000. Panagora Asset Management Inc. boosted its position in Ingersoll Rand by 62.2% during the 1st quarter. Panagora Asset Management Inc. now owns 28,937 shares of the industrial products company’s stock valued at $1,457,000 after acquiring an additional 11,096 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its position in Ingersoll Rand by 1.7% during the 1st quarter. Yousif Capital Management LLC now owns 57,771 shares of the industrial products company’s stock valued at $2,909,000 after acquiring an additional 988 shares in the last quarter. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

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.