Ingersoll Rand (NYSE:IR) Hits New 1-Year Low – Time to Sell?

Ingersoll Rand Inc. (NYSE:IR) reached a new 52-week low during trading on Friday . The stock traded as low as $79.66 and last traded at $79.81, with a volume of 202780 shares. The stock had previously closed at $81.30.

Analyst Upgrades and Downgrades

IR has been the subject of a number of recent analyst reports. Robert W. Baird raised their price target on shares of Ingersoll Rand from $105.00 to $111.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. The Goldman Sachs Group lifted their target price on Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Barclays lowered their price target on Ingersoll Rand from $96.00 to $93.00 and set an “overweight” rating for the company in a report on Wednesday. Stifel Nicolaus reduced their price objective on shares of Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating on the stock in a report on Tuesday, February 18th. Finally, Evercore ISI decreased 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 research report on Wednesday, February 19th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $105.09.

Ingersoll Rand Trading Down 2.0 %

The company’s 50 day moving average price is $86.94 and its 200 day moving average price is $93.72. The firm has a market cap of $32.11 billion, a PE ratio of 38.71, a price-to-earnings-growth ratio of 3.50 and a beta of 1.48. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.29 and a quick ratio of 1.71.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings results on Thursday, February 13th. The industrial products company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.04). The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. As a group, analysts forecast that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.10%. The ex-dividend date was Wednesday, March 5th. Ingersoll Rand’s payout ratio is presently 3.88%.

Institutional Trading of Ingersoll Rand

Several hedge funds have recently added to or reduced their stakes in IR. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Ingersoll Rand in the 4th quarter valued at $36,000. OFI Invest Asset Management purchased a new position in Ingersoll Rand in the fourth quarter valued at $38,000. Lee Danner & Bass Inc. acquired a new stake in Ingersoll Rand in the fourth quarter valued at $42,000. Ancora Advisors LLC lifted its holdings in Ingersoll Rand by 144.8% during the 4th quarter. Ancora Advisors LLC now owns 497 shares of the industrial products company’s stock worth $45,000 after buying an additional 294 shares during the last quarter. Finally, Millstone Evans Group LLC purchased a new position in shares of Ingersoll Rand in the 4th quarter valued at about $50,000. Institutional investors and hedge funds 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.