Ingersoll Rand Inc. (NYSE:IR) Receives $104.75 Average Price Target from Brokerages

Shares of Ingersoll Rand Inc. (NYSE:IR) have been assigned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $104.75.

A number of brokerages have commented on IR. Citigroup reduced their target price on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 13th. Wells Fargo & Company reduced their target price on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Stifel Nicolaus reduced their target price on shares of Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating for the company in a report on Tuesday, February 18th. Evercore ISI reduced their target price on shares of Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating for the company in a report on Wednesday, February 19th. Finally, Robert W. Baird boosted their target price on shares of Ingersoll Rand from $105.00 to $111.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th.

Ingersoll Rand Stock Performance

IR stock opened at $85.27 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.29 and a quick ratio of 1.71. The business has a 50-day moving average price of $89.18 and a 200 day moving average price of $94.52. The company has a market capitalization of $34.37 billion, a P/E ratio of 41.39, a PEG ratio of 3.50 and a beta of 1.48. Ingersoll Rand has a 1-year low of $79.96 and a 1-year high of $106.03.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings data on Thursday, February 13th. The industrial products company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.04). The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. As a group, equities research analysts forecast that Ingersoll Rand will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.02 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. Ingersoll Rand’s dividend payout ratio (DPR) is currently 3.88%.

Institutional Investors Weigh In On Ingersoll Rand

Large investors have recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in Ingersoll Rand in the third quarter valued at approximately $34,000. Murphy & Mullick Capital Management Corp purchased a new stake in Ingersoll Rand in the fourth quarter valued at approximately $36,000. OFI Invest Asset Management purchased a new stake in Ingersoll Rand in the fourth quarter valued at approximately $38,000. Lee Danner & Bass Inc. purchased a new stake in Ingersoll Rand in the fourth quarter valued at approximately $42,000. Finally, Ancora Advisors LLC boosted its position in Ingersoll Rand by 144.8% in the fourth quarter. Ancora Advisors LLC now owns 497 shares of the industrial products company’s stock valued at $45,000 after buying an additional 294 shares during the last quarter. Hedge funds and other 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.