Ingersoll Rand (NYSE:IR) Price Target Cut to $94.00 by Analysts at Stifel Nicolaus

Ingersoll Rand (NYSE:IR) had its price objective reduced by Stifel Nicolaus from $100.00 to $94.00 in a research note released on Tuesday morning,Benzinga reports. Stifel Nicolaus currently has a hold rating on the industrial products company’s stock.

Several other brokerages have also recently issued reports on IR. Robert W. Baird decreased their price objective on Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Wells Fargo & Company reduced their price objective on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. UBS Group started coverage on Ingersoll Rand in a report on Wednesday, November 13th. They set a “buy” rating and a $124.00 target price for the company. Citigroup dropped 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. Finally, The Goldman Sachs Group boosted their target price on shares of Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $104.50.

Ingersoll Rand Stock Up 1.1 %

Shares of Ingersoll Rand stock opened at $86.66 on Tuesday. The firm’s 50 day moving average price is $92.41 and its 200-day moving average price is $95.08. Ingersoll Rand has a 52-week low of $83.72 and a 52-week high of $106.03. The company has a market cap of $34.92 billion, a P/E ratio of 42.27, a PEG ratio of 3.66 and a beta of 1.43. The company has a quick ratio of 1.71, a current ratio of 2.36 and a debt-to-equity ratio of 0.46.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.04). Ingersoll Rand had a return on equity of 13.01% and a net margin of 11.72%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. On average, sell-side analysts predict that Ingersoll Rand will post 3.2 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders 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 dividend on an annualized basis and a yield of 0.09%. Ingersoll Rand’s dividend payout ratio (DPR) is presently 3.90%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vise Technologies Inc. increased its holdings in Ingersoll Rand by 77.7% in the fourth quarter. Vise Technologies Inc. now owns 4,772 shares of the industrial products company’s stock valued at $432,000 after buying an additional 2,086 shares during the last quarter. Voloridge Investment Management LLC purchased a new stake in shares of Ingersoll Rand during the 4th quarter worth approximately $7,764,000. Vident Advisory LLC grew its position in shares of Ingersoll Rand by 10.0% in the 4th quarter. Vident Advisory LLC now owns 9,999 shares of the industrial products company’s stock valued at $905,000 after buying an additional 910 shares during the last quarter. Squarepoint Ops LLC boosted its position in shares of Ingersoll Rand by 152.8% in the 4th quarter. Squarepoint Ops LLC now owns 259,215 shares of the industrial products company’s stock valued at $23,449,000 after purchasing an additional 156,665 shares during the period. Finally, Twinbeech Capital LP purchased a new stake in Ingersoll Rand in the fourth quarter valued at approximately $20,756,000. 95.27% of the stock is owned by institutional investors and hedge funds.

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.