Ingersoll Rand Inc. (NYSE:IR) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Ingersoll Rand Inc. (NYSE:IR) have received a consensus rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $107.67.

Several equities research analysts have recently commented on IR shares. Morgan Stanley assumed coverage on Ingersoll Rand in a report on Friday, September 6th. They set an “equal weight” rating and a $97.00 price objective for the company. Wolfe Research raised shares of Ingersoll Rand to a “hold” rating in a research note on Friday, September 20th. The Goldman Sachs Group boosted their target price on shares of Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Cfra raised their price target on shares of Ingersoll Rand from $85.00 to $95.00 and gave the company a “hold” rating in a research report on Friday, October 4th. Finally, Citigroup lifted their price target on Ingersoll Rand from $112.00 to $119.00 and gave the company a “buy” rating in a research note on Monday, December 9th.

Insider Activity

In related news, CAO Michael J. Scheske sold 2,531 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $97.44, for a total value of $246,620.64. Following the transaction, the chief accounting officer now owns 11,910 shares of the company’s stock, valued at $1,160,510.40. This represents a 17.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Ingersoll Rand

Several institutional investors and hedge funds have recently added to or reduced their stakes in IR. B. Riley Wealth Advisors Inc. raised its position in shares of Ingersoll Rand by 58.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 5,728 shares of the industrial products company’s stock valued at $564,000 after purchasing an additional 2,122 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new position in Ingersoll Rand during the 3rd quarter valued at approximately $2,193,000. Franklin Resources Inc. raised its holdings in shares of Ingersoll Rand by 2.5% in the third quarter. Franklin Resources Inc. now owns 11,597,321 shares of the industrial products company’s stock worth $1,207,554,000 after buying an additional 278,710 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Ingersoll Rand during the third quarter worth $562,000. Finally, Sanctuary Advisors LLC grew its holdings in shares of Ingersoll Rand by 100.2% during the third quarter. Sanctuary Advisors LLC now owns 22,223 shares of the industrial products company’s stock valued at $2,311,000 after buying an additional 11,124 shares during the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Stock Down 4.8 %

NYSE IR opened at $92.87 on Thursday. Ingersoll Rand has a fifty-two week low of $74.01 and a fifty-two week high of $106.03. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.36 and a quick ratio of 1.71. The business has a fifty day moving average price of $100.94 and a two-hundred day moving average price of $95.84. The stock has a market capitalization of $37.43 billion, a PE ratio of 45.30, a PEG ratio of 3.86 and a beta of 1.42.

Ingersoll Rand Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. The ex-dividend date was Thursday, November 14th. Ingersoll Rand’s payout ratio is 3.90%.

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.