Ingersoll Rand (NYSE:IR) had its price objective boosted by equities research analysts at Stifel Nicolaus from $94.00 to $104.00 in a report released on Thursday. The brokerage presently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 20.78% from the stock’s previous close.

IR has been the topic of a number of other research reports. Zacks Investment Research lowered Ingersoll Rand from a “hold” rating to a “sell” rating in a research report on Tuesday, April 3rd. UBS assumed coverage on Ingersoll Rand in a research report on Monday, January 22nd. They issued a “buy” rating and a $105.00 price target on the stock. Argus upped their price target on Ingersoll Rand to $105.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. Royal Bank of Canada reiterated a “hold” rating and issued a $99.00 price target on shares of Ingersoll Rand in a research report on Tuesday, February 27th. Finally, Barclays assumed coverage on Ingersoll Rand in a research report on Thursday, February 15th. They issued an “overweight” rating and a $111.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Ingersoll Rand currently has a consensus rating of “Hold” and an average price target of $103.46.

Shares of IR opened at $86.11 on Thursday. Ingersoll Rand has a 12-month low of $79.63 and a 12-month high of $97.67. The company has a quick ratio of 0.95, a current ratio of 1.41 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $21,280.57, a price-to-earnings ratio of 19.09, a PEG ratio of 1.56 and a beta of 1.34.

Ingersoll Rand (NYSE:IR) last issued its earnings results on Wednesday, April 25th. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.08. Ingersoll Rand had a return on equity of 17.03% and a net margin of 8.96%. The business had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.19 billion. During the same quarter in the prior year, the firm earned $0.57 EPS. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. research analysts forecast that Ingersoll Rand will post 5.18 earnings per share for the current fiscal year.

In related news, Director Jared L. Cohon sold 2,350 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.40, for a total transaction of $217,140.00. Following the sale, the director now owns 25,766 shares in the company, valued at approximately $2,380,778.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Michael W. Lamach sold 58,284 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $90.30, for a total value of $5,263,045.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,872 shares of company stock worth $6,305,659. 0.63% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in IR. Amundi Pioneer Asset Management Inc. boosted its position in shares of Ingersoll Rand by 356.9% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,793,292 shares of the industrial products company’s stock valued at $159,944,000 after purchasing an additional 1,400,832 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Ingersoll Rand by 43.7% in the fourth quarter. Victory Capital Management Inc. now owns 2,502,804 shares of the industrial products company’s stock worth $223,225,000 after acquiring an additional 761,576 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Ingersoll Rand by 87.4% in the third quarter. Prudential Financial Inc. now owns 1,429,458 shares of the industrial products company’s stock worth $127,465,000 after acquiring an additional 666,550 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in Ingersoll Rand by 93.8% in the fourth quarter. Two Sigma Advisers LP now owns 1,359,677 shares of the industrial products company’s stock worth $121,270,000 after acquiring an additional 658,213 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in Ingersoll Rand in the fourth quarter worth approximately $54,046,000. Institutional investors own 80.74% of the company’s stock.

Ingersoll Rand Company Profile

Ingersoll-Rand plc designs, manufactures, sells, and services industrial and commercial products. It operates through Climate and Industrial segments. The Climate segment offers building management, bus, rail, and multi-pipe HVAC, control, container and cryogenic, diesel-powered, ductless, geothermal, package heating and cooling, rail and self-powered truck refrigeration, temporary heating and cooling, trailer refrigeration, unitary, and vehicle-powered truck refrigeration systems.

Analyst Recommendations for Ingersoll Rand (NYSE:IR)

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