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

Shares of Ingersoll Rand Inc. (NYSE:IR) have been given a consensus recommendation of “Moderate Buy” by the thirteen research firms that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $107.67.

Several brokerages recently commented on IR. Citigroup boosted their target price on Ingersoll Rand from $112.00 to $119.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Wolfe Research upgraded Ingersoll Rand to a “hold” rating in a report on Friday, September 20th. Wells Fargo & Company raised their target price on Ingersoll Rand from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Morgan Stanley assumed coverage on shares of Ingersoll Rand in a research report on Friday, September 6th. They issued an “equal weight” rating and a $97.00 price target on the stock. Finally, UBS Group began coverage on shares of Ingersoll Rand in a research report on Wednesday, November 13th. They set a “buy” rating and a $124.00 price objective for the company.

Insider Buying and Selling

In related news, CAO Michael J. Scheske sold 2,531 shares of the business’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 sale, the chief accounting officer now owns 11,910 shares of the company’s stock, valued at approximately $1,160,510.40. The trade was a 17.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.68% of the stock is currently owned by corporate insiders.

Institutional Trading of Ingersoll Rand

A number of institutional investors have recently added to or reduced their stakes in IR. FMR LLC boosted its stake in shares of Ingersoll Rand by 10.5% during the 3rd quarter. FMR LLC now owns 16,152,094 shares of the industrial products company’s stock worth $1,585,489,000 after acquiring an additional 1,538,056 shares in the last quarter. International Assets Investment Management LLC boosted its position in Ingersoll Rand by 9,681.5% during the third quarter. International Assets Investment Management LLC now owns 360,349 shares of the industrial products company’s stock worth $353,720,000 after purchasing an additional 356,665 shares during the period. Franklin Resources Inc. grew its holdings in Ingersoll Rand by 2.5% during the third quarter. Franklin Resources Inc. now owns 11,597,321 shares of the industrial products company’s stock valued at $1,207,554,000 after purchasing an additional 278,710 shares during the last quarter. Ensign Peak Advisors Inc lifted its stake in shares of Ingersoll Rand by 20.8% in the second quarter. Ensign Peak Advisors Inc now owns 1,454,956 shares of the industrial products company’s stock worth $132,168,000 after buying an additional 250,712 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Ingersoll Rand by 6.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,462,558 shares of the industrial products company’s stock worth $314,549,000 after buying an additional 224,463 shares during the period. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Ingersoll Rand Stock Down 0.5 %

Ingersoll Rand stock opened at $91.79 on Thursday. The company’s 50-day moving average price is $100.63 and its two-hundred day moving average price is $95.93. The stock has a market cap of $36.99 billion, a price-to-earnings ratio of 44.78, a PEG ratio of 3.86 and a beta of 1.42. Ingersoll Rand has a 52 week low of $74.01 and a 52 week high of $106.03. The company has a current ratio of 2.36, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46.

Ingersoll Rand Dividend Announcement

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