Ingersoll Rand (NYSE:IR) Hits 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 Thursday . The company traded as low as $79.79 and last traded at $80.33, with a volume of 970129 shares traded. The stock had previously closed at $81.49.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. 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. Citigroup reduced their price target on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 13th. Robert W. Baird increased their price objective on Ingersoll Rand from $105.00 to $111.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Evercore ISI lowered 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 note on Wednesday, February 19th. Finally, Stifel Nicolaus dropped their price objective on Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating on the stock in a research note on Tuesday, February 18th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $105.36.

Ingersoll Rand Trading Down 1.9 %

The company has a quick ratio of 1.71, a current ratio of 2.29 and a debt-to-equity ratio of 0.46. The firm has a market cap of $32.23 billion, a price-to-earnings ratio of 38.81, a PEG ratio of 3.50 and a beta of 1.48. The company has a 50-day moving average price of $88.71 and a 200 day moving average price of $94.34.

Ingersoll Rand (NYSE:IR) last posted 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 company had revenue of $1.90 billion for 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, research analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.08 annualized dividend and a dividend yield of 0.10%. Ingersoll Rand’s dividend payout ratio is 3.88%.

Hedge Funds Weigh In On Ingersoll Rand

Hedge funds have recently added to or reduced their stakes in the company. Atria Investments Inc raised its holdings in shares of Ingersoll Rand by 18.5% during the 3rd quarter. Atria Investments Inc now owns 13,381 shares of the industrial products company’s stock valued at $1,313,000 after purchasing an additional 2,087 shares in the last quarter. Sigma Planning Corp raised its holdings in Ingersoll Rand by 11.2% during the third quarter. Sigma Planning Corp now owns 12,363 shares of the industrial products company’s stock valued at $1,214,000 after buying an additional 1,249 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of Ingersoll Rand by 4.7% in the third quarter. Crossmark Global Holdings Inc. now owns 24,682 shares of the industrial products company’s stock worth $2,423,000 after buying an additional 1,118 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Ingersoll Rand during the 3rd quarter worth about $201,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Ingersoll Rand during the 3rd quarter valued at about $34,000. 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.