Ingersoll Rand (NYSE:IR) Price Target Lowered to $102.00 at Barclays

Ingersoll Rand (NYSE:IR) had its target price lowered by Barclays from $115.00 to $102.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the industrial products company’s stock.

IR has been the topic of a number of other research reports. Stifel Nicolaus reduced their target price on Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating on the stock in a report on Tuesday. Citigroup reduced their price objective on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. 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 research note on Thursday, December 12th. Wells Fargo & Company reduced 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 report on Tuesday, January 7th. Finally, Robert W. Baird boosted their price objective on shares of Ingersoll Rand from $105.00 to $111.00 and gave the company an “outperform” rating in a research report on Tuesday. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $104.50.

Ingersoll Rand Stock Performance

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

Ingersoll Rand (NYSE:IR) last announced 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 company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. Ingersoll Rand had a return on equity of 13.01% and a net margin of 11.72%. On average, analysts expect that Ingersoll Rand will post 3.2 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th will be given 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 is presently 3.90%.

Institutional Trading of Ingersoll Rand

Several large investors have recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC bought a new position in shares of Ingersoll Rand in the third quarter worth $34,000. Murphy & Mullick Capital Management Corp bought a new position in Ingersoll Rand in the 4th quarter valued at about $36,000. OFI Invest Asset Management acquired a new position in Ingersoll Rand during the 4th quarter valued at about $38,000. Eastern Bank bought a new stake in shares of Ingersoll Rand during the 3rd quarter worth about $42,000. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of Ingersoll Rand in the 4th quarter worth approximately $42,000. 95.27% of the stock is currently 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.