Ingersoll Rand (NYSE:IR) Price Target Raised to $112.00 at Citigroup

Ingersoll Rand (NYSE:IR - Get Free Report) had its price target raised by analysts at Citigroup from $105.00 to $112.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a "buy" rating on the industrial products company's stock. Citigroup's target price would suggest a potential upside of 19.10% from the company's previous close.

Several other equities analysts have also issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of Ingersoll Rand from $87.00 to $97.00 and gave the company a "buy" rating in a report on Wednesday, February 21st. Stifel Nicolaus restated a "buy" rating and issued a $102.00 target price on shares of Ingersoll Rand in a report on Tuesday, March 26th. BNP Paribas initiated coverage on shares of Ingersoll Rand in a report on Tuesday, March 12th. They issued a "neutral" rating and a $92.00 target price on the stock. UBS Group boosted their target price on shares of Ingersoll Rand from $78.00 to $93.00 and gave the company a "buy" rating in a report on Monday, January 29th. Finally, StockNews.com upgraded shares of Ingersoll Rand from a "hold" rating to a "buy" rating in a report on Sunday. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $89.67.

Ingersoll Rand Trading Down 0.8 %

Shares of Ingersoll Rand stock traded down $0.77 during trading on Monday, hitting $94.04. The company's stock had a trading volume of 1,878,169 shares, compared to its average volume of 2,546,442. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.22 and a quick ratio of 1.67. Ingersoll Rand has a 52 week low of $53.24 and a 52 week high of $96.17. The stock has a market cap of $37.94 billion, a price-to-earnings ratio of 49.49, a price-to-earnings-growth ratio of 3.30 and a beta of 1.44. The stock has a 50-day moving average price of $89.80 and a two-hundred day moving average price of $77.15.

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

Insider Buying and Selling

In related news, insider Andrew R. Schiesl sold 35,000 shares of the company's stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $89.46, for a total value of $3,131,100.00. Following the sale, the insider now owns 16,525 shares in the company, valued at approximately $1,478,326.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Vicente Reynal sold 240,000 shares of the company's stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $90.16, for a total value of $21,638,400.00. Following the sale, the insider now owns 91,957 shares in the company, valued at approximately $8,290,843.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andrew R. Schiesl sold 35,000 shares of the company's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $89.46, for a total transaction of $3,131,100.00. Following the completion of the sale, the insider now owns 16,525 shares in the company, valued at approximately $1,478,326.50. The disclosure for this sale can be found here. Insiders have sold 293,011 shares of company stock worth $26,374,789 in the last quarter. Insiders own 0.83% of the company's stock.

Institutional Investors Weigh In On Ingersoll Rand

A number of institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in Ingersoll Rand by 12.2% in the 1st quarter. GAMMA Investing LLC now owns 4,202 shares of the industrial products company's stock worth $399,000 after purchasing an additional 457 shares in the last quarter. Kapitalo Investimentos Ltda bought a new stake in Ingersoll Rand in the 4th quarter worth about $28,000. Newbridge Financial Services Group Inc. bought a new stake in Ingersoll Rand in the 4th quarter worth about $62,000. Nomura Holdings Inc. grew its position in Ingersoll Rand by 3,010.2% in the 4th quarter. Nomura Holdings Inc. now owns 211,274 shares of the industrial products company's stock worth $16,340,000 after purchasing an additional 204,481 shares in the last quarter. Finally, HighPoint Advisor Group LLC bought a new position in shares of Ingersoll Rand during the 4th quarter valued at approximately $171,000. 95.27% of the stock is owned by institutional investors.

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.