Ingersoll Rand Inc. (NYSE:IR) Receives Average Rating of "Hold" from Analysts

Key Points

• Ingersoll Rand Inc. has received an average rating of "Hold" from thirteen brokerages, with seven recommending a hold and six suggesting a buy, and a twelve-month price objective of $100.92.
• The company announced a quarterly dividend of $0.02 per share, which reflects an annualized yield of 0.1%, and its board has initiated a $1 billion stock buyback program.
• Ingersoll Rand's most recent earnings report revealed $0.80 EPS, meeting analysts' expectations, with a quarterly revenue of $1.89 billion, marking a 4.6% year-over-year increase.

Ingersoll Rand Inc. (NYSE:IR - Get Free Report) has earned an average rating of "Hold" from the thirteen brokerages that are currently covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $100.92.

IR has been the subject of a number of research reports. Stifel Nicolaus boosted their target price on shares of Ingersoll Rand from $78.00 to $95.00 and gave the stock a "hold" rating in a research note on Monday, July 21st. Melius lowered Ingersoll Rand from a "buy" rating to a "hold" rating and set a $93.00 price objective for the company. in a research note on Monday, July 14th. Wells Fargo & Company raised their target price on Ingersoll Rand from $86.00 to $95.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Citigroup reaffirmed a "buy" rating and issued a $104.00 price target (up from $91.00) on shares of Ingersoll Rand in a research note on Monday, July 14th. Finally, Melius Research set a $93.00 price objective on Ingersoll Rand in a research note on Monday, July 14th.

Ingersoll Rand Stock Performance

Shares of IR stock opened at $84.62 on Friday. Ingersoll Rand has a 52-week low of $65.61 and a 52-week high of $106.03. The company has a quick ratio of 1.76, a current ratio of 2.38 and a debt-to-equity ratio of 0.45. The stock has a market cap of $34.14 billion, a PE ratio of 41.89, a price-to-earnings-growth ratio of 3.60 and a beta of 1.43. The business has a 50-day simple moving average of $84.29 and a 200-day simple moving average of $82.98.

Ingersoll Rand (NYSE:IR - Get Free Report) last posted its earnings results on Thursday, July 31st. The industrial products company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. Ingersoll Rand had a net margin of 11.30% and a return on equity of 12.33%. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period in the previous year, the firm earned $0.83 EPS. The business's quarterly revenue was up 4.6% on a year-over-year basis. On average, equities analysts expect that Ingersoll Rand will post 3.32 EPS for the current year.

Ingersoll Rand Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date is Thursday, August 14th. Ingersoll Rand's payout ratio is 3.96%.

Ingersoll Rand announced that its board has initiated a stock buyback program on Thursday, May 1st that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the industrial products company to repurchase up to 3.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its shares are undervalued.

Insider Buying and Selling at Ingersoll Rand

In related news, insider Elizabeth Meloy Hepding sold 3,500 shares of Ingersoll Rand stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $83.78, for a total transaction of $293,230.00. Following the sale, the insider directly owned 10,986 shares in the company, valued at $920,407.08. This trade represents a 24.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vicente Reynal sold 38,657 shares of Ingersoll Rand stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $83.03, for a total value of $3,209,690.71. Following the transaction, the insider directly owned 193,186 shares in the company, valued at approximately $16,040,233.58. This trade represents a 16.67% decrease in their position. The disclosure for this sale can be found here. 0.59% of the stock is currently owned by insiders.

Institutional Trading of Ingersoll Rand

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Rathbones Group PLC lifted its stake in shares of Ingersoll Rand by 1.4% during the 1st quarter. Rathbones Group PLC now owns 9,044 shares of the industrial products company's stock worth $724,000 after purchasing an additional 121 shares during the period. EP Wealth Advisors LLC boosted its position in Ingersoll Rand by 2.4% during the 1st quarter. EP Wealth Advisors LLC now owns 5,918 shares of the industrial products company's stock worth $474,000 after purchasing an additional 136 shares during the period. Compass Wealth Management LLC boosted its holdings in Ingersoll Rand by 62.8% in the 1st quarter. Compass Wealth Management LLC now owns 355 shares of the industrial products company's stock worth $28,000 after acquiring an additional 137 shares during the period. AdvisorNet Financial Inc boosted its position in Ingersoll Rand by 0.7% in the 2nd quarter. AdvisorNet Financial Inc now owns 18,708 shares of the industrial products company's stock valued at $1,556,000 after buying an additional 138 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC grew its position in shares of Ingersoll Rand by 5.3% during the first quarter. Signature Estate & Investment Advisors LLC now owns 2,942 shares of the industrial products company's stock worth $235,000 after buying an additional 147 shares in the last quarter. Hedge funds and other 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.

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