Ingersoll Rand (NYSE:IR) Sets New 12-Month Low – What’s Next?

Ingersoll Rand Inc. (NYSE:IR)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $81.07 and last traded at $81.28, with a volume of 89759 shares traded. The stock had previously closed at $82.60.

Wall Street Analysts Forecast Growth

IR has been the topic of several analyst reports. Evercore ISI reduced their target price on shares of Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating on the stock in a report on Wednesday, February 19th. Robert W. Baird raised their price objective on shares of Ingersoll Rand from $105.00 to $111.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Stifel Nicolaus lowered their target price on shares of Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating for the company in a research note on Tuesday, February 18th. UBS Group started coverage on Ingersoll Rand in a report on Wednesday, November 13th. They issued a “buy” rating and a $124.00 target price on the stock. Finally, The Goldman Sachs Group lifted their price target on Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $104.75.

Ingersoll Rand Stock Performance

The company has a current ratio of 2.29, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. The stock has a market cap of $32.29 billion, a price-to-earnings ratio of 38.89, a PEG ratio of 3.50 and a beta of 1.43. The stock’s 50 day moving average is $89.84 and its two-hundred day moving average is $94.74.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04). The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. Analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.10%. The ex-dividend date of this dividend is Wednesday, March 5th. Ingersoll Rand’s dividend payout ratio (DPR) is currently 3.88%.

Hedge Funds Weigh In On Ingersoll Rand

A number of large investors have recently made changes to their positions in the stock. Siemens Fonds Invest GmbH boosted its stake in shares of Ingersoll Rand by 243.7% during the 4th quarter. Siemens Fonds Invest GmbH now owns 15,221 shares of the industrial products company’s stock worth $1,377,000 after acquiring an additional 10,792 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in Ingersoll Rand during the fourth quarter worth $122,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Ingersoll Rand in the fourth quarter valued at $28,321,000. Azzad Asset Management Inc. ADV increased its position in shares of Ingersoll Rand by 1.3% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 13,342 shares of the industrial products company’s stock valued at $1,207,000 after buying an additional 169 shares in the last quarter. Finally, Toronto Dominion Bank raised its stake in shares of Ingersoll Rand by 0.6% during the 4th quarter. Toronto Dominion Bank now owns 136,862 shares of the industrial products company’s stock worth $12,380,000 after buying an additional 866 shares during the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Company Profile

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.