Barclays Increases Ingersoll Rand (NYSE:IR) Price Target to $105.00

Ingersoll Rand (NYSE:IR - Get Free Report) had its target price upped by investment analysts at Barclays from $101.00 to $105.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has an "overweight" rating on the industrial products company's stock. Barclays's target price would indicate a potential upside of 13.45% from the stock's previous close.

Several other equities analysts have also recently commented on the stock. The Goldman Sachs Group boosted their price objective on shares of Ingersoll Rand from $87.00 to $97.00 and gave the company a "buy" rating in a research note on Wednesday, February 21st. BNP Paribas assumed coverage on shares of Ingersoll Rand in a research note on Tuesday, March 12th. They set a "neutral" rating and a $92.00 price objective for the company. StockNews.com cut shares of Ingersoll Rand from a "buy" rating to a "hold" rating in a research note on Saturday. Evercore ISI cut shares of Ingersoll Rand from an "outperform" rating to an "in-line" rating and boosted their price objective for the company from $81.00 to $89.00 in a research note on Tuesday, February 20th. Finally, Wells Fargo & Company boosted their price target on shares of Ingersoll Rand from $83.00 to $100.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 20th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $87.50.

Ingersoll Rand Trading Down 1.1 %

Shares of IR traded down $1.07 during trading hours on Tuesday, hitting $92.55. 3,418,939 shares of the stock were exchanged, compared to its average volume of 2,555,888. Ingersoll Rand has a fifty-two week low of $53.24 and a fifty-two week high of $96.17. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.22 and a quick ratio of 1.67. The business has a 50-day moving average of $88.40 and a 200-day moving average of $76.17. The firm has a market capitalization of $37.34 billion, a P/E ratio of 48.71, a price-to-earnings-growth ratio of 3.41 and a beta of 1.44.

Ingersoll Rand (NYSE:IR - Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The industrial products company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.74 by $0.09. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.76 billion. Ingersoll Rand had a net margin of 11.32% and a return on equity of 12.24%. On average, research analysts expect that Ingersoll Rand will post 3.1 EPS for the current year.

Insider Buying and Selling at Ingersoll Rand

In other Ingersoll Rand news, CAO Michael J. Scheske sold 7,590 shares of the business's stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $88.00, for a total transaction of $667,920.00. Following the transaction, the chief accounting officer now directly owns 9,715 shares of the company's stock, valued at approximately $854,920. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Andrew R. Schiesl sold 35,000 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $89.46, for a total transaction of $3,131,100.00. Following the sale, the insider now directly owns 16,525 shares of the company's stock, valued at approximately $1,478,326.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Michael J. Scheske sold 7,590 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $88.00, for a total transaction of $667,920.00. Following the sale, the chief accounting officer now directly owns 9,715 shares in the company, valued at $854,920. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 293,011 shares of company stock valued at $26,374,789. 0.83% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ingersoll Rand

Several institutional investors have recently made changes to their positions in IR. Consilium Wealth Advisory LLC lifted its position in Ingersoll Rand by 17.5% in the fourth quarter. Consilium Wealth Advisory LLC now owns 14,864 shares of the industrial products company's stock worth $1,150,000 after buying an additional 2,210 shares during the last quarter. Natixis Advisors L.P. grew its stake in Ingersoll Rand by 8.6% in the third quarter. Natixis Advisors L.P. now owns 136,629 shares of the industrial products company's stock valued at $8,706,000 after purchasing an additional 10,840 shares during the last quarter. UniSuper Management Pty Ltd purchased a new position in Ingersoll Rand in the second quarter valued at about $23,422,000. Hsbc Holdings PLC grew its stake in Ingersoll Rand by 2.3% in the third quarter. Hsbc Holdings PLC now owns 568,633 shares of the industrial products company's stock valued at $36,222,000 after purchasing an additional 13,036 shares during the last quarter. Finally, Strategic Advisors LLC purchased a new stake in shares of Ingersoll Rand during the fourth quarter worth about $340,000. Institutional investors own 95.27% of the company's stock.

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.