Ingersoll Rand (NYSE:IR) Sets New 12-Month Low – Should You Sell?

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Robert W. Baird raised their target price on shares of Ingersoll Rand from $105.00 to $111.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Barclays lowered their price objective on Ingersoll Rand from $115.00 to $102.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. The Goldman Sachs Group boosted their price objective on shares of Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, December 12th. UBS Group began coverage on shares of Ingersoll Rand in a research report on Wednesday, November 13th. They issued a “buy” rating and a $124.00 target price for the company. Finally, Citigroup lowered their price objective on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Seven equities research 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.com, Ingersoll Rand currently has an average rating of “Moderate Buy” and a consensus price target of $104.75.

Ingersoll Rand Price Performance

The business’s 50-day simple moving average is $89.46 and its two-hundred day simple moving average is $94.60. 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 firm has a market cap of $33.78 billion, a price-to-earnings ratio of 40.83, a P/E/G ratio of 3.50 and a beta of 1.43.

Ingersoll Rand (NYSE:IR) last released its earnings results on Thursday, February 13th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04). The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. As a group, research analysts expect that Ingersoll Rand Inc. will post 3.32 EPS 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. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.10%. The ex-dividend date of this dividend is Wednesday, March 5th. Ingersoll Rand’s payout ratio is presently 3.88%.

Hedge Funds Weigh In On Ingersoll Rand

A number of hedge funds have recently added to or reduced their stakes in IR. Ashton Thomas Securities LLC bought a new position in Ingersoll Rand during the third quarter valued at about $34,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Ingersoll Rand during the 4th quarter worth approximately $36,000. OFI Invest Asset Management bought a new stake in shares of Ingersoll Rand in the 4th quarter worth approximately $38,000. Lee Danner & Bass Inc. purchased a new position in Ingersoll Rand in the fourth quarter valued at approximately $42,000. Finally, Ancora Advisors LLC grew its holdings in Ingersoll Rand by 144.8% during the fourth quarter. Ancora Advisors LLC now owns 497 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 294 shares during the period. 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.