Ingersoll Rand Inc. (NYSE:IR) Given Average Recommendation of “Moderate Buy” by Brokerages

Ingersoll Rand Inc. (NYSE:IR) has been assigned an average recommendation of “Moderate Buy” from the twelve analysts that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $97.00.

A number of equities research analysts have commented on the company. Barclays reduced their target price on Ingersoll Rand from $105.00 to $104.00 and set an “overweight” rating for the company in a report on Monday, May 6th. StockNews.com cut shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Saturday, May 4th. Jefferies Financial Group assumed coverage on Ingersoll Rand in a report on Friday, June 21st. They issued a “buy” rating and a $110.00 price target on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $102.00 price objective on shares of Ingersoll Rand in a report on Tuesday, March 26th. Finally, Citigroup raised their price target on Ingersoll Rand from $105.00 to $112.00 and gave the company a “buy” rating in a research report on Monday, April 8th.

Ingersoll Rand Price Performance

Shares of IR opened at $89.54 on Thursday. The firm has a fifty day moving average price of $92.00 and a 200 day moving average price of $87.70. The stock has a market cap of $36.12 billion, a PE ratio of 44.55, a price-to-earnings-growth ratio of 2.65 and a beta of 1.45. Ingersoll Rand has a 1-year low of $59.20 and a 1-year high of $96.67. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.32 and a quick ratio of 1.71.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. Ingersoll Rand had a net margin of 11.85% and a return on equity of 12.57%. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.70 billion. As a group, sell-side analysts anticipate that Ingersoll Rand will post 3.19 EPS for the current year.

Ingersoll Rand Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Thursday, May 16th were paid a $0.02 dividend. The ex-dividend date was Wednesday, May 15th. This represents a $0.08 annualized dividend and a yield of 0.09%. Ingersoll Rand’s payout ratio is currently 3.98%.

Ingersoll Rand declared that its Board of Directors has approved a stock repurchase program on Thursday, April 25th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the industrial products company to buy up to 2.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In related news, insider Vicente Reynal sold 198,486 shares of the firm’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 value of $17,488,601.46. Following the transaction, the insider now owns 100,367 shares in the company, valued at $8,843,336.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Andrew R. Schiesl sold 22,369 shares of Ingersoll Rand stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $92.17, for a total transaction of $2,061,750.73. Following the sale, the insider now directly owns 30,846 shares of the company’s stock, valued at $2,843,075.82. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Vicente Reynal sold 198,486 shares of the firm’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 value of $17,488,601.46. Following the sale, the insider now owns 100,367 shares of the company’s stock, valued at approximately $8,843,336.37. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Headlands Technologies LLC bought a new stake in shares of Ingersoll Rand in the 1st quarter worth approximately $28,000. Riverview Trust Co acquired a new stake in Ingersoll Rand during the first quarter valued at approximately $29,000. ANTIPODES PARTNERS Ltd bought a new stake in shares of Ingersoll Rand during the 4th quarter worth $27,000. Kapitalo Investimentos Ltda purchased a new position in Ingersoll Rand in the 4th quarter worth about $28,000. Finally, ESL Trust Services LLC acquired a new stake in shares of Ingersoll Rand during the first quarter valued at approximately $35,000. Institutional investors own 95.27% of the company’s stock.

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.