Ingersoll Rand Inc. (NYSE:IR) Receives Consensus Rating of “Buy” from Analysts

Ingersoll Rand Inc. (NYSE:IR – Get Rating) has received a consensus recommendation of “Buy” from the seventeen brokerages that are currently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $63.50.

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Ingersoll Rand from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, April 14th. StockNews.com assumed coverage on Ingersoll Rand in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Robert W. Baird decreased their price target on Ingersoll Rand from $68.00 to $64.00 in a research report on Thursday, January 20th. Wolfe Research lowered Ingersoll Rand from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, April 6th. Finally, Barclays decreased their price target on Ingersoll Rand from $67.00 to $64.00 and set an “overweight” rating for the company in a research report on Monday, April 4th.

In other news, insider Nicholas J. Kendall-Jones sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, March 2nd. The stock was sold at an average price of $50.88, for a total transaction of $305,280.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Andrew R. Schiesl sold 33,105 shares of the firm’s stock in a transaction dated Friday, February 25th. The stock was sold at an average price of $50.09, for a total value of $1,658,229.45. The disclosure for this sale can be found here. Over the last three months, insiders sold 89,105 shares of company stock valued at $4,248,009. Company insiders own 0.69% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. City State Bank bought a new position in shares of Ingersoll Rand in the 4th quarter valued at approximately $25,000. Masso Torrence Wealth Management Inc. bought a new position in shares of Ingersoll Rand in the 4th quarter valued at approximately $27,000. Massmutual Trust Co. FSB ADV raised its stake in shares of Ingersoll Rand by 103.4% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 537 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 273 shares in the last quarter. Confluence Wealth Services Inc. bought a new position in shares of Ingersoll Rand in the 4th quarter valued at approximately $32,000. Finally, Achmea Investment Management B.V. bought a new position in shares of Ingersoll Rand in the 3rd quarter valued at approximately $34,000. 96.08% of the stock is owned by institutional investors.

NYSE:IR opened at $46.62 on Tuesday. The company has a 50-day moving average of $49.97 and a 200-day moving average of $54.71. The firm has a market cap of $19.00 billion, a price-to-earnings ratio of 34.53 and a beta of 1.49. The company has a current ratio of 2.80, a quick ratio of 2.22 and a debt-to-equity ratio of 0.38. Ingersoll Rand has a twelve month low of $44.85 and a twelve month high of $62.64.

Ingersoll Rand (NYSE:IR – Get Rating) last issued its earnings results on Wednesday, February 23rd. The industrial products company reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.06. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Ingersoll Rand had a net margin of 10.43% and a return on equity of 8.35%. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the firm posted $0.36 earnings per share. On average, research analysts forecast that Ingersoll Rand will post 2.18 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 24th. Investors of record on Wednesday, March 9th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.17%. The ex-dividend date of this dividend was Tuesday, March 8th. Ingersoll Rand’s dividend payout ratio is currently 5.93%.

Ingersoll Rand Company Profile (Get Rating)

Ingersoll Rand Inc provides various mission-critical air, fluid, energy, specialty vehicle and medical technologies in the United States, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Industrial Technologies and Services, and Precision and Science Technologies.

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