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

Shares of Ingersoll Rand Inc. (NYSE:IR) have earned an average rating of “Moderate Buy” from the eleven research firms that are presently covering the stock, 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 twelve-month target price among brokerages that have issued ratings on the stock in the last year is $100.27.

IR has been the subject of a number of research analyst reports. StockNews.com lowered Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Saturday, May 4th. Evercore ISI cut their price target on shares of Ingersoll Rand from $93.00 to $88.00 and set an “in-line” rating on the stock in a report on Monday. Cfra reiterated a “hold” rating and set a $85.00 price objective on shares of Ingersoll Rand in a report on Friday, August 2nd. Jefferies Financial Group started coverage on shares of Ingersoll Rand in a research note on Friday, June 21st. They issued a “buy” rating and a $110.00 target price on the stock. Finally, Stifel Nicolaus lifted their price target on shares of Ingersoll Rand from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, July 18th.

Insider Activity

In related news, insider Vicente Reynal sold 198,486 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $88.11, for a total transaction of $17,488,601.46. Following the completion of the transaction, the insider now owns 100,367 shares in the company, valued at approximately $8,843,336.37. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Vicente Reynal sold 198,486 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $88.11, for a total value of $17,488,601.46. Following the completion of the sale, the insider now owns 100,367 shares of the company’s stock, valued at approximately $8,843,336.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andrew R. Schiesl sold 15,381 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were 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 in the company, valued at $3,543,473.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 271,367 shares of company stock worth $24,180,042. Corporate insiders own 0.68% of the company’s stock.

Institutional Trading of Ingersoll Rand

Large investors have recently bought and sold shares of the stock. Capital International Investors lifted its stake in shares of Ingersoll Rand by 113.7% during the first quarter. Capital International Investors now owns 26,166,256 shares of the industrial products company’s stock worth $2,484,486,000 after buying an additional 13,919,775 shares during the period. Capital World Investors acquired a new stake in Ingersoll Rand during the 1st quarter worth about $440,401,000. Norges Bank purchased a new stake in Ingersoll Rand during the 4th quarter valued at about $301,890,000. JPMorgan Chase & Co. increased its holdings in shares of Ingersoll Rand by 28.4% in the first quarter. JPMorgan Chase & Co. now owns 15,977,246 shares of the industrial products company’s stock valued at $1,517,040,000 after purchasing an additional 3,535,543 shares during the period. Finally, Capital Research Global Investors raised its stake in shares of Ingersoll Rand by 46.6% in the fourth quarter. Capital Research Global Investors now owns 9,811,827 shares of the industrial products company’s stock worth $758,847,000 after purchasing an additional 3,119,793 shares during the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Trading Down 1.1 %

IR stock opened at $90.20 on Friday. Ingersoll Rand has a twelve month low of $59.20 and a twelve month high of $101.30. The stock has a market capitalization of $36.39 billion, a price-to-earnings ratio of 44.88, a price-to-earnings-growth ratio of 2.68 and a beta of 1.45. The company has a quick ratio of 1.71, a current ratio of 2.18 and a debt-to-equity ratio of 0.47. The firm’s fifty day simple moving average is $93.14 and its two-hundred day simple moving average is $91.85.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.06. Ingersoll Rand had a net margin of 11.73% and a return on equity of 13.00%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.78 billion. As a group, analysts anticipate that Ingersoll Rand will post 3.17 earnings per share for the current year.

Ingersoll Rand announced that its board has approved a stock buyback plan on Thursday, April 25th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the industrial products company to purchase up to 2.7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

Ingersoll Rand Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.02 per share. The ex-dividend date is Thursday, August 15th. This represents a $0.08 annualized dividend and a yield of 0.09%. Ingersoll Rand’s dividend payout ratio (DPR) is presently 3.98%.

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.