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

Shares of Ingersoll Rand Inc. (NYSE:IR - Get Free Report) have received an average recommendation of "Moderate Buy" from the twelve brokerages 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 twelve-month target price among brokers that have issued ratings on the stock in the last year is $98.91.

A number of research analysts have recently weighed in on IR shares. Barclays cut their price target on shares of Ingersoll Rand from $93.00 to $85.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Wells Fargo & Company raised their target price on Ingersoll Rand from $80.00 to $86.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Citigroup boosted their price target on Ingersoll Rand from $88.00 to $91.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Robert W. Baird increased their price objective on Ingersoll Rand from $105.00 to $111.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Finally, Stifel Nicolaus reduced their target price on Ingersoll Rand from $94.00 to $77.00 and set a "hold" rating for the company in a report on Monday, April 14th.

Insider Transactions at Ingersoll Rand

In related news, insider Vicente Reynal sold 38,657 shares of the company's stock in a transaction 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 completion of the transaction, the insider now directly owns 193,186 shares in the company, valued at approximately $16,040,233.58. This represents a 16.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Elizabeth Meloy Hepding sold 3,500 shares of the 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 completion of the transaction, the insider now owns 10,986 shares of the company's stock, valued at approximately $920,407.08. This represents a 24.16% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.59% of the company's stock.

Hedge Funds Weigh In On Ingersoll Rand

A number of hedge funds have recently modified their holdings of the stock. Rathbones Group PLC grew its position in Ingersoll Rand by 1.4% in the first quarter. Rathbones Group PLC now owns 9,044 shares of the industrial products company's stock valued at $724,000 after acquiring an additional 121 shares during the period. EP Wealth Advisors LLC lifted its holdings 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 valued at $474,000 after purchasing an additional 136 shares during the last quarter. Compass Wealth Management LLC boosted its position in Ingersoll Rand by 62.8% in the first quarter. Compass Wealth Management LLC now owns 355 shares of the industrial products company's stock valued at $28,000 after buying an additional 137 shares in the last quarter. Lake Street Advisors Group LLC grew its stake in Ingersoll Rand by 6.6% during the fourth quarter. Lake Street Advisors Group LLC now owns 2,273 shares of the industrial products company's stock worth $206,000 after buying an additional 141 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB raised its stake in shares of Ingersoll Rand by 2.5% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 5,873 shares of the industrial products company's stock valued at $531,000 after acquiring an additional 143 shares during the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.

Ingersoll Rand Stock Down 0.9%

Shares of Ingersoll Rand stock traded down $0.76 on Thursday, hitting $82.44. 1,820,334 shares of the company traded hands, compared to its average volume of 2,578,053. Ingersoll Rand has a 12-month low of $65.61 and a 12-month high of $106.03. The company has a quick ratio of 1.71, a current ratio of 2.29 and a debt-to-equity ratio of 0.46. The company has a market cap of $33.26 billion, a PE ratio of 40.02, a PEG ratio of 3.50 and a beta of 1.44. The company has a 50-day moving average price of $77.70 and a 200 day moving average price of $85.79.

Ingersoll Rand (NYSE:IR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.02). Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the firm earned $0.78 earnings per share. The firm's quarterly revenue was up 2.8% compared to the same quarter last year. Sell-side analysts predict that Ingersoll Rand will post 3.32 earnings per share for the current year.

Ingersoll Rand announced that its board has initiated a stock repurchase program on Thursday, May 1st that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the industrial products company to purchase up to 3.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Ingersoll Rand Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors 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 yield of 0.10%. The ex-dividend date was Thursday, May 15th. Ingersoll Rand's dividend payout ratio (DPR) is currently 3.96%.

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.