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

Shares of Ingersoll Rand Inc. (NYSE:IR) have earned an average recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $106.83.

Several brokerages recently issued reports on IR. Wolfe Research raised Ingersoll Rand to a “hold” rating in a research note on Friday, September 20th. Citigroup boosted their target price on shares of Ingersoll Rand from $112.00 to $119.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Barclays cut their target price on shares of Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company decreased their price target on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Finally, The Goldman Sachs Group raised their price objective on Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, December 12th.

Ingersoll Rand Stock Performance

Shares of IR opened at $87.08 on Monday. The business has a 50-day simple moving average of $98.36 and a two-hundred day simple moving average of $95.78. 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 has a 52 week low of $75.54 and a 52 week high of $106.03. The stock has a market cap of $35.09 billion, a price-to-earnings ratio of 42.48, a PEG ratio of 3.84 and a beta of 1.44.

Ingersoll Rand Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 14th were issued a $0.02 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. Ingersoll Rand’s payout ratio is currently 3.90%.

Insider Activity

In other Ingersoll Rand news, CAO Michael J. Scheske sold 2,531 shares of Ingersoll Rand stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $97.44, for a total value of $246,620.64. Following the transaction, the chief accounting officer now owns 11,910 shares in the company, valued at $1,160,510.40. The trade was a 17.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.68% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC purchased a new stake in shares of Ingersoll Rand during the third quarter valued at $34,000. Eastern Bank acquired a new position in shares of Ingersoll Rand in the third quarter valued at about $42,000. Kimelman & Baird LLC acquired a new stake in shares of Ingersoll Rand during the second quarter worth about $57,000. Versant Capital Management Inc increased its holdings in Ingersoll Rand by 654.4% in the 4th quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company’s stock worth $61,000 after buying an additional 589 shares during the period. Finally, Princeton Global Asset Management LLC purchased a new position in Ingersoll Rand during the 3rd quarter worth approximately $65,000. 95.27% of the stock is currently 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.