Ingersoll Rand (IR) Scheduled to Post Earnings on Thursday

Ingersoll Rand (NYSE:IRGet Free Report) will be releasing its earnings data after the market closes on Thursday, February 15th. Analysts expect Ingersoll Rand to post earnings of $0.74 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Ingersoll Rand Price Performance

Shares of IR opened at $85.44 on Tuesday. The company has a market capitalization of $34.59 billion, a price-to-earnings ratio of 45.69, a P/E/G ratio of 2.03 and a beta of 1.43. Ingersoll Rand has a fifty-two week low of $51.84 and a fifty-two week high of $86.51. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.26 and a quick ratio of 1.60. The business’s 50-day moving average is $77.76 and its 200-day moving average is $70.43.

Insider Buying and Selling at Ingersoll Rand

In related news, insider Andrew R. Schiesl sold 13,000 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $71.89, for a total value of $934,570.00. Following the sale, the insider now directly owns 45,263 shares of the company’s stock, valued at $3,253,957.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.83% of the company’s stock.

Institutional Investors Weigh In On Ingersoll Rand

A number of hedge funds have recently added to or reduced their stakes in IR. Lazard Asset Management LLC lifted its holdings in Ingersoll Rand by 1,566.7% during the second quarter. Lazard Asset Management LLC now owns 450 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 423 shares during the period. Advisors Asset Management Inc. bought a new stake in shares of Ingersoll Rand in the 3rd quarter valued at about $33,000. Compass Wealth Management LLC bought a new stake in shares of Ingersoll Rand in the 4th quarter valued at about $32,000. Belpointe Asset Management LLC raised its position in Ingersoll Rand by 38.6% during the 1st quarter. Belpointe Asset Management LLC now owns 1,426 shares of the industrial products company’s stock valued at $83,000 after purchasing an additional 397 shares during the last quarter. Finally, Covestor Ltd raised its position in shares of Ingersoll Rand by 70.7% in the 1st quarter. Covestor Ltd now owns 1,905 shares of the industrial products company’s stock worth $96,000 after acquiring an additional 789 shares in the last quarter. Institutional investors and hedge funds own 94.54% of the company’s stock.

Analyst Ratings Changes

IR has been the topic of a number of research reports. Stifel Nicolaus upgraded Ingersoll Rand from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a report on Tuesday, October 24th. Cfra increased their price objective on Ingersoll Rand from $66.00 to $68.00 and gave the company a “hold” rating in a research report on Thursday, November 2nd. Wells Fargo & Company upped their target price on Ingersoll Rand from $73.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, December 19th. Citigroup upped their target price on Ingersoll Rand from $79.00 to $86.00 and gave the company a “buy” rating in a research note on Monday, December 11th. Finally, UBS Group upped their target price on Ingersoll Rand from $78.00 to $93.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Ingersoll Rand presently has an average rating of “Moderate Buy” and a consensus price target of $75.27.

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About Ingersoll Rand

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Ingersoll Rand Inc provides various mission-critical air, fluid, energy, specialty vehicle, and medical technologies in the United States, Europe, the Middle East, India, Africa, and the Asia Pacific. It operates through two segments, Industrial Technologies and Services, and Precision and Science Technologies.

See Also

Earnings History for Ingersoll Rand (NYSE:IR)

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