Brokerages Set Ingersoll Rand Inc. (NYSE:IR) Target Price at $105.09

Shares of Ingersoll Rand Inc. (NYSE:IR) have been assigned a consensus rating of “Moderate Buy” from the twelve research firms that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $105.09.

A number of brokerages recently weighed in on IR. Wells Fargo & Company cut 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. The Goldman Sachs Group lifted their price target on shares of Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Citigroup lowered their price objective on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Evercore ISI reduced their target price on Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating on the stock in a report on Wednesday, February 19th. Finally, Barclays decreased their target price on Ingersoll Rand from $96.00 to $93.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th.

Institutional Trading of Ingersoll Rand

A number of institutional investors have recently made changes to their positions in IR. Global Wealth Strategies & Associates lifted its position in Ingersoll Rand by 325.0% during the 1st quarter. Global Wealth Strategies & Associates now owns 374 shares of the industrial products company’s stock worth $30,000 after buying an additional 286 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in Ingersoll Rand during the fourth quarter worth about $36,000. OFI Invest Asset Management acquired a new position in Ingersoll Rand during the fourth quarter valued at approximately $38,000. Lee Danner & Bass Inc. bought a new position in Ingersoll Rand in the fourth quarter valued at approximately $42,000. Finally, Ancora Advisors LLC increased its position in shares of Ingersoll Rand by 144.8% during the 4th quarter. Ancora Advisors LLC now owns 497 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 294 shares during the last quarter. Institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Price Performance

Shares of IR stock opened at $69.51 on Friday. The firm’s 50 day moving average price is $85.05 and its two-hundred day moving average price is $93.22. The stock has a market cap of $28.02 billion, a PE ratio of 33.74, a PEG ratio of 3.50 and a beta of 1.48. Ingersoll Rand has a 52-week low of $67.19 and a 52-week high of $106.03. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.29.

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

Ingersoll Rand Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.08 annualized dividend and a dividend yield of 0.12%. Ingersoll Rand’s dividend payout ratio is currently 3.88%.

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.