Stifel Nicolaus Has Lowered Expectations for Ingersoll Rand (NYSE:IR) Stock Price

Ingersoll Rand (NYSE:IR) had its price objective cut by stock analysts at Stifel Nicolaus from $107.00 to $100.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the industrial products company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 7.40% from the stock’s current price.

IR has been the subject of several other research reports. UBS Group assumed coverage on Ingersoll Rand in a report on Wednesday, November 13th. They issued a “buy” rating and a $124.00 price objective for the company. Barclays decreased their price target on Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Citigroup dropped their price objective on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Cfra boosted their target price on shares of Ingersoll Rand from $85.00 to $95.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Finally, The Goldman Sachs Group increased their price target on shares of Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Ingersoll Rand currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.92.

Ingersoll Rand Stock Down 1.0 %

NYSE:IR opened at $93.11 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.36 and a quick ratio of 1.71. The company’s fifty day moving average price is $96.32 and its 200-day moving average price is $95.77. Ingersoll Rand has a 1-year low of $78.69 and a 1-year high of $106.03. The firm has a market capitalization of $37.53 billion, a P/E ratio of 45.42, a PEG ratio of 3.73 and a beta of 1.44.

Insiders Place Their Bets

In other Ingersoll Rand news, CAO Michael J. Scheske sold 2,531 shares of Ingersoll Rand stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $97.44, for a total transaction of $246,620.64. Following the sale, the chief accounting officer now owns 11,910 shares of the company’s stock, valued at $1,160,510.40. The trade was a 17.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.68% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ingersoll Rand

Hedge funds and other institutional investors have recently modified their holdings of the business. Chicago Partners Investment Group LLC boosted its stake in Ingersoll Rand by 4.7% during the fourth quarter. Chicago Partners Investment Group LLC now owns 2,438 shares of the industrial products company’s stock worth $218,000 after buying an additional 109 shares during the period. Kanawha Capital Management LLC boosted its position in shares of Ingersoll Rand by 2.4% during the 3rd quarter. Kanawha Capital Management LLC now owns 5,096 shares of the industrial products company’s stock worth $500,000 after purchasing an additional 119 shares during the period. Opal Wealth Advisors LLC increased its holdings in Ingersoll Rand by 6.0% in the 3rd quarter. Opal Wealth Advisors LLC now owns 2,145 shares of the industrial products company’s stock valued at $211,000 after purchasing an additional 121 shares during the last quarter. UMB Bank n.a. raised its position in Ingersoll Rand by 27.0% in the fourth quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 127 shares during the period. Finally, RDA Financial Network lifted its stake in Ingersoll Rand by 3.1% during the fourth quarter. RDA Financial Network now owns 4,324 shares of the industrial products company’s stock worth $391,000 after purchasing an additional 128 shares in the last quarter. 95.27% of the stock is owned by hedge funds and other institutional investors.

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.