Ingersoll Rand (NYSE:IR) Stock Rating Lowered by Stifel Nicolaus

Ingersoll Rand (NYSE:IR) was downgraded by Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, MarketBeat.com reports. They currently have a $107.00 price objective on the industrial products company’s stock, down from their previous price objective of $112.00. Stifel Nicolaus’ price objective points to a potential upside of 4.46% from the stock’s current price.

IR has been the topic of several other research reports. Wolfe Research raised Ingersoll Rand to a “hold” rating in a research note on Friday, September 20th. Evercore ISI lowered their target price on Ingersoll Rand from $93.00 to $88.00 and set an “in-line” rating for the company in a report on Monday, August 19th. Wells Fargo & Company upped their target price on Ingersoll Rand from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Cfra upped their target price on Ingersoll Rand from $85.00 to $95.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Finally, Robert W. Baird lowered their target price on Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.83.

Ingersoll Rand Trading Down 0.5 %

Shares of NYSE IR opened at $102.43 on Monday. The business’s 50 day moving average is $97.83 and its two-hundred day moving average is $94.25. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.36 and a quick ratio of 1.71. Ingersoll Rand has a 1-year low of $69.46 and a 1-year high of $105.63. The stock has a market capitalization of $41.28 billion, a P/E ratio of 49.97, a PEG ratio of 3.89 and a beta of 1.42.

Insiders Place Their Bets

In other Ingersoll Rand news, insider Elizabeth Meloy Hepding sold 7,500 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $91.42, for a total transaction of $685,650.00. Following the sale, the insider now directly owns 6,559 shares of the company’s stock, valued at approximately $599,623.78. This trade represents a 53.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Michael J. Scheske sold 2,531 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $97.44, for a total value of $246,620.64. Following the sale, the chief accounting officer now directly owns 11,910 shares in the company, valued at $1,160,510.40. This represents a 17.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,660 shares of company stock valued at $1,348,834. Company insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Ingersoll Rand

Institutional investors have recently modified their holdings of the business. Ridgewood Investments LLC acquired a new stake in shares of Ingersoll Rand during the 2nd quarter valued at about $25,000. Ashton Thomas Securities LLC acquired a new stake in shares of Ingersoll Rand during the 3rd quarter valued at about $34,000. EverSource Wealth Advisors LLC lifted its stake in Ingersoll Rand by 38.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 453 shares of the industrial products company’s stock valued at $42,000 after buying an additional 126 shares in the last quarter. UMB Bank n.a. lifted its stake in Ingersoll Rand by 196.8% in the 2nd quarter. UMB Bank n.a. now owns 466 shares of the industrial products company’s stock valued at $42,000 after buying an additional 309 shares in the last quarter. Finally, Eastern Bank purchased a new position in Ingersoll Rand in the 3rd quarter valued at about $42,000. 95.27% of the stock is currently owned by institutional investors and hedge funds.

About Ingersoll Rand

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.