Ingersoll Rand (NYSE:IR) Given New $77.00 Price Target at Stifel Nicolaus

Ingersoll Rand (NYSE:IR - Get Free Report) had its target price reduced by equities research analysts at Stifel Nicolaus from $94.00 to $77.00 in a research note issued on Monday, Marketbeat.com reports. The brokerage currently has a "hold" rating on the industrial products company's stock. Stifel Nicolaus' price objective would indicate a potential upside of 6.87% from the stock's previous close.

A number of other research firms have also weighed in on IR. Wells Fargo & Company lowered their price objective on Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. Robert W. Baird increased their price target on shares of Ingersoll Rand from $105.00 to $111.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Citigroup cut their target price on Ingersoll Rand from $119.00 to $115.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Evercore ISI decreased their price target on Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating on the stock in a research note on Wednesday, February 19th. Finally, Barclays dropped their target price on shares of Ingersoll Rand from $93.00 to $85.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $100.36.

Ingersoll Rand Price Performance

Ingersoll Rand stock traded up $0.69 during midday trading on Monday, reaching $72.05. The company had a trading volume of 1,891,025 shares, compared to its average volume of 2,561,485. Ingersoll Rand has a 12-month low of $65.61 and a 12-month high of $106.03. The firm's fifty day simple moving average is $79.98 and its 200-day simple moving average is $91.13. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.29 and a quick ratio of 1.71. The company has a market capitalization of $29.04 billion, a P/E ratio of 34.98, a P/E/G ratio of 3.50 and a beta of 1.40.

Ingersoll Rand (NYSE:IR - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.04). Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.91 billion. As a group, equities analysts anticipate that Ingersoll Rand will post 3.32 EPS for the current year.

Institutional Trading of Ingersoll Rand

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Chicago Partners Investment Group LLC raised its stake in Ingersoll Rand by 4.7% during the fourth quarter. Chicago Partners Investment Group LLC now owns 2,438 shares of the industrial products company's stock valued at $218,000 after buying an additional 109 shares in the last quarter. UMB Bank n.a. lifted its stake in Ingersoll Rand by 27.0% during the fourth quarter. UMB Bank n.a. now owns 598 shares of the industrial products company's stock worth $54,000 after purchasing an additional 127 shares during the last quarter. RDA Financial Network boosted its holdings in Ingersoll Rand by 3.1% in the fourth quarter. RDA Financial Network now owns 4,324 shares of the industrial products company's stock worth $391,000 after purchasing an additional 128 shares during the period. FSM Wealth Advisors LLC raised its holdings in shares of Ingersoll Rand by 5.8% during the fourth quarter. FSM Wealth Advisors LLC now owns 2,442 shares of the industrial products company's stock worth $222,000 after purchasing an additional 134 shares during the period. Finally, Park Avenue Securities LLC lifted its position in shares of Ingersoll Rand by 3.3% in the 4th quarter. Park Avenue Securities LLC now owns 4,288 shares of the industrial products company's stock worth $388,000 after buying an additional 136 shares during the last quarter. 95.27% of the stock is owned by hedge funds and other 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.