Ingersoll Rand Inc. (NYSE:IR) Receives $98.70 Consensus Target Price from Analysts

Shares of Ingersoll Rand Inc. (NYSE:IR - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eleven analysts that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $98.70.

IR has been the subject of a number of recent research reports. Barclays dropped their price objective on shares of Ingersoll Rand from $93.00 to $85.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Stifel Nicolaus decreased their target price on Ingersoll Rand from $94.00 to $77.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Citigroup boosted their price target on shares of Ingersoll Rand from $88.00 to $91.00 and gave the company a "buy" rating in a report on Monday, May 5th. Finally, Wells Fargo & Company upped their target price on Ingersoll Rand from $86.00 to $95.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st.

Ingersoll Rand Stock Performance

Shares of NYSE:IR traded down $0.30 during midday trading on Monday, hitting $86.68. The stock had a trading volume of 5,126,504 shares, compared to its average volume of 2,910,541. Ingersoll Rand has a 1 year low of $65.61 and a 1 year high of $106.03. The company has a current ratio of 2.38, a quick ratio of 1.76 and a debt-to-equity ratio of 0.45. The stock has a 50 day moving average price of $81.60 and a two-hundred day moving average price of $83.38. The company has a market capitalization of $34.97 billion, a PE ratio of 42.91, a P/E/G ratio of 3.67 and a beta of 1.43.

Ingersoll Rand (NYSE:IR - Get Free Report) last issued its earnings results on Thursday, May 1st. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.02). Ingersoll Rand had a return on equity of 12.33% and a net margin of 11.30%. The business had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.73 billion. During the same period last year, the company posted $0.78 earnings per share. The business's quarterly revenue was up 2.8% on a year-over-year basis. As a group, equities analysts predict that Ingersoll Rand will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date of this dividend was Thursday, May 15th. Ingersoll Rand's dividend payout ratio (DPR) is presently 3.96%.

Ingersoll Rand declared that its board has authorized a share buyback plan on Thursday, May 1st that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the industrial products company to buy up to 3.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Insider Transactions at Ingersoll Rand

In other Ingersoll Rand news, insider Vicente Reynal sold 38,657 shares of the company's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $83.03, for a total transaction of $3,209,690.71. Following the completion of the sale, the insider directly owned 193,186 shares of the company's stock, valued at approximately $16,040,233.58. This represents a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Elizabeth Meloy Hepding sold 3,500 shares of the business's stock in a transaction that occurred 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 owned 10,986 shares in the company, valued at $920,407.08. This represents a 24.16% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.68% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Compass Wealth Management LLC boosted its position in Ingersoll Rand by 62.8% during 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. Global Wealth Strategies & Associates boosted its holdings in shares of Ingersoll Rand by 325.0% during the first quarter. Global Wealth Strategies & Associates now owns 374 shares of the industrial products company's stock worth $30,000 after purchasing an additional 286 shares during the period. Murphy & Mullick Capital Management Corp purchased a new position in Ingersoll Rand during the fourth quarter valued at approximately $36,000. OFI Invest Asset Management acquired a new position in Ingersoll Rand in the 4th quarter valued at approximately $38,000. Finally, Golden State Wealth Management LLC lifted its position in Ingersoll Rand by 190.9% in the 1st quarter. Golden State Wealth Management LLC now owns 477 shares of the industrial products company's stock worth $38,000 after buying an additional 313 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.