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

Ingersoll Rand Inc. (NYSE:IR) has earned a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $105.09.

A number of research firms have issued reports on IR. Stifel Nicolaus reduced their target price on shares of Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating on the stock in a report on Tuesday, February 18th. Barclays decreased their target price on Ingersoll Rand from $96.00 to $93.00 and set an “overweight” rating for the company in a report on Wednesday. Citigroup cut their price target on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Wells Fargo & Company reduced their price target on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group boosted their price objective on Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th.

Ingersoll Rand Trading Down 2.4 %

Shares of NYSE IR opened at $79.38 on Friday. The company has a current ratio of 2.29, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $32.00 billion, a PE ratio of 38.53, a PEG ratio of 3.50 and a beta of 1.48. Ingersoll Rand has a twelve month low of $79.03 and a twelve month high of $106.03. The stock has a fifty day simple moving average of $86.69 and a 200-day simple moving average of $93.66.

Ingersoll Rand (NYSE:IR) last released its earnings results on Thursday, February 13th. The industrial products company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.04). The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.91 billion. Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. On average, equities analysts forecast that Ingersoll Rand will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 5th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.10%. The ex-dividend date of this dividend was Wednesday, March 5th. Ingersoll Rand’s dividend payout ratio (DPR) is 3.88%.

Institutional Trading of Ingersoll Rand

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Ingersoll Rand during the fourth quarter worth about $36,000. OFI Invest Asset Management acquired a new position in Ingersoll Rand during the fourth quarter worth approximately $38,000. Lee Danner & Bass Inc. purchased a new stake in Ingersoll Rand in the fourth quarter valued at approximately $42,000. Ancora Advisors LLC boosted its holdings in shares of Ingersoll Rand by 144.8% in the fourth quarter. Ancora Advisors LLC now owns 497 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 294 shares during the period. Finally, Millstone Evans Group LLC purchased a new position in shares of Ingersoll Rand during the fourth quarter worth approximately $50,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

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.