Ingersoll Rand Inc. (NYSE:IR) Receives $107.67 Consensus PT from Analysts

Shares of Ingersoll Rand Inc. (NYSE:IR) have received an average recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $107.67.

A number of brokerages have recently weighed in on IR. Barclays lifted their price target on shares of Ingersoll Rand from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Robert W. Baird reduced their target price on Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Wolfe Research upgraded Ingersoll Rand to a “hold” rating in a report on Friday, September 20th. Cfra lifted their price objective on Ingersoll Rand from $85.00 to $95.00 and gave the company a “hold” rating in a report on Friday, October 4th. Finally, UBS Group initiated coverage on Ingersoll Rand in a research note on Wednesday, November 13th. They set a “buy” rating and a $124.00 target price for the company.

Insider Activity at Ingersoll Rand

In other Ingersoll Rand news, CAO Michael J. Scheske sold 2,531 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $97.44, for a total value of $246,620.64. Following the completion of the transaction, the chief accounting officer now directly owns 11,910 shares in the company, valued at $1,160,510.40. This trade represents a 17.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.68% of the stock is owned by insiders.

Institutional Investors Weigh In On Ingersoll Rand

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wealthspire Advisors LLC increased its holdings in Ingersoll Rand by 5.5% during the second quarter. Wealthspire Advisors LLC now owns 2,268 shares of the industrial products company’s stock worth $206,000 after buying an additional 119 shares during the last quarter. Kanawha Capital Management LLC grew its position in shares of Ingersoll Rand by 2.4% in the 3rd quarter. Kanawha Capital Management LLC now owns 5,096 shares of the industrial products company’s stock valued at $500,000 after acquiring an additional 119 shares during the period. Opal Wealth Advisors LLC increased its stake in shares of Ingersoll Rand by 6.0% during the 3rd quarter. Opal Wealth Advisors LLC now owns 2,145 shares of the industrial products company’s stock worth $211,000 after purchasing an additional 121 shares during the last quarter. Resonant Capital Advisors LLC raised its holdings in shares of Ingersoll Rand by 4.2% in the 2nd quarter. Resonant Capital Advisors LLC now owns 3,300 shares of the industrial products company’s stock valued at $300,000 after purchasing an additional 133 shares during the period. Finally, Asio Capital LLC lifted its stake in Ingersoll Rand by 0.3% in the 3rd quarter. Asio Capital LLC now owns 44,085 shares of the industrial products company’s stock valued at $4,327,000 after purchasing an additional 133 shares during the last quarter. Institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Stock Up 0.6 %

Ingersoll Rand stock opened at $92.35 on Thursday. The firm has a market capitalization of $37.22 billion, a price-to-earnings ratio of 45.05, a PEG ratio of 3.86 and a beta of 1.42. The company’s 50 day simple moving average is $100.09 and its 200 day simple moving average is $95.95. 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 fifty-two week low of $74.01 and a fifty-two week high of $106.03.

Ingersoll Rand Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date of this dividend was Thursday, November 14th. Ingersoll Rand’s dividend payout ratio is presently 3.90%.

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.