Ingersoll Rand (NYSE:IR) Lowered to “Hold” at StockNews.com

Ingersoll Rand (NYSE:IR) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

A number of other equities analysts have also recently weighed in on the company. Evercore ISI cut Ingersoll Rand from an “outperform” rating to an “in-line” rating and increased their price target for the stock from $81.00 to $89.00 in a report on Tuesday, February 20th. The Goldman Sachs Group raised their target price on 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 set a $102.00 target price on shares of Ingersoll Rand in a report on Tuesday, March 26th. BNP Paribas started coverage on Ingersoll Rand in a report on Tuesday, March 12th. They set a “neutral” rating and a $92.00 target price for the company. Finally, Cfra raised their target price on Ingersoll Rand from $68.00 to $85.00 and gave the company a “hold” rating in a report on Friday, February 16th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Ingersoll Rand currently has an average rating of “Moderate Buy” and a consensus target price of $92.73.

Ingersoll Rand Trading Down 0.5 %

Shares of NYSE IR traded down $0.47 during mid-day trading on Thursday, reaching $92.03. 2,567,215 shares of the company’s stock were exchanged, compared to its average volume of 2,463,601. The firm has a market capitalization of $37.13 billion, a price-to-earnings ratio of 48.44, a PEG ratio of 3.16 and a beta of 1.44. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.67 and a current ratio of 2.22. Ingersoll Rand has a 52-week low of $53.24 and a 52-week high of $96.17. The company’s 50-day moving average is $91.62 and its 200-day moving average is $79.45.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings results on Thursday, February 15th. The industrial products company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.09. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Ingersoll Rand had a return on equity of 12.24% and a net margin of 11.32%. Analysts expect that Ingersoll Rand will post 3.1 EPS for the current fiscal year.

Insider Buying and Selling at Ingersoll Rand

In other news, insider Vicente Reynal sold 240,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $90.16, for a total transaction of $21,638,400.00. Following the sale, the insider now owns 91,957 shares of the company’s stock, valued at approximately $8,290,843.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Ingersoll Rand news, insider Andrew R. Schiesl sold 35,000 shares of Ingersoll Rand stock in a transaction that occurred on 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 transaction, the insider now owns 16,525 shares of the company’s stock, valued at $1,478,326.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Vicente Reynal sold 240,000 shares of Ingersoll Rand stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $90.16, for a total value of $21,638,400.00. Following the transaction, the insider now directly owns 91,957 shares in the company, valued at approximately $8,290,843.12. The disclosure for this sale can be found here. Insiders have sold 293,011 shares of company stock valued at $26,374,789 in the last quarter. Corporate insiders own 0.83% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund grew its stake in shares of Ingersoll Rand by 297.5% in the 4th quarter. Illinois Municipal Retirement Fund now owns 75,353 shares of the industrial products company’s stock valued at $5,828,000 after purchasing an additional 56,394 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Ingersoll Rand by 3.8% in the 4th quarter. Asset Management One Co. Ltd. now owns 163,162 shares of the industrial products company’s stock valued at $12,691,000 after purchasing an additional 6,042 shares during the last quarter. Consilium Wealth Advisory LLC grew its stake in shares of Ingersoll Rand by 17.5% in the 4th quarter. Consilium Wealth Advisory LLC now owns 14,864 shares of the industrial products company’s stock valued at $1,150,000 after purchasing an additional 2,210 shares during the last quarter. Natixis Advisors L.P. grew its stake in shares of Ingersoll Rand by 8.6% in the 3rd quarter. Natixis Advisors L.P. now owns 136,629 shares of the industrial products company’s stock valued at $8,706,000 after purchasing an additional 10,840 shares during the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of Ingersoll Rand by 2.3% in the 3rd quarter. Hsbc Holdings PLC now owns 568,633 shares of the industrial products company’s stock valued at $36,222,000 after purchasing an additional 13,036 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

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.