Ingersoll Rand Inc. (NYSE:IR) Receives $105.09 Consensus Target Price from Brokerages

Ingersoll Rand Inc. (NYSE:IR) has received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $105.09.

A number of research analysts have weighed in on IR shares. Wells Fargo & Company reduced their target price on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Barclays decreased their price objective on Ingersoll Rand from $96.00 to $93.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Stifel Nicolaus dropped their target price on shares of Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating on the stock in a report on Tuesday, February 18th. Robert W. Baird increased their price target on shares of Ingersoll Rand from $105.00 to $111.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Finally, Evercore ISI lowered 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.

Ingersoll Rand Stock Performance

Shares of IR stock opened at $80.06 on Friday. 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 has a fifty-two week low of $77.18 and a fifty-two week high of $106.03. The stock has a 50 day moving average price of $86.45 and a two-hundred day moving average price of $93.66. The company has a market capitalization of $32.27 billion, a P/E ratio of 38.87, a PEG ratio of 3.50 and a beta of 1.48.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings results 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 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%. Analysts expect that Ingersoll Rand will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.08 dividend on an annualized basis and a yield of 0.10%. Ingersoll Rand’s dividend payout ratio is currently 3.88%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Public Sector Pension Investment Board boosted its holdings in Ingersoll Rand by 13.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 17,570 shares of the industrial products company’s stock worth $1,725,000 after buying an additional 2,100 shares during the period. PEAK6 Investments LLC boosted its stake in shares of Ingersoll Rand by 5.8% in the third quarter. PEAK6 Investments LLC now owns 19,038 shares of the industrial products company’s stock worth $1,869,000 after acquiring an additional 1,038 shares during the period. Northwest & Ethical Investments L.P. grew its position in shares of Ingersoll Rand by 2.1% during the third quarter. Northwest & Ethical Investments L.P. now owns 35,351 shares of the industrial products company’s stock worth $3,470,000 after purchasing an additional 728 shares in the last quarter. Verition Fund Management LLC grew its position in shares of Ingersoll Rand by 108.2% during the third quarter. Verition Fund Management LLC now owns 7,377 shares of the industrial products company’s stock worth $724,000 after purchasing an additional 3,834 shares in the last quarter. Finally, Edgestream Partners L.P. lifted its holdings in Ingersoll Rand by 99.5% in the 3rd quarter. Edgestream Partners L.P. now owns 17,031 shares of the industrial products company’s stock worth $1,672,000 after purchasing an additional 8,496 shares in the last quarter. 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.