Ingersoll-Rand Gets a Buy from BMO Capital

By Jason Carr

BMO Capital analyst Joel Tiss reiterated a Buy rating on Ingersoll-Rand (NYSE: IR) today and set a price target of $87. The company’s shares closed yesterday at $81.85.

According to, Tiss is a 4-star analyst with an average return of 10.3% and a 66.0% success rate. Tiss covers the Industrial Goods sector, focusing on stocks such as Illinois Tool Works, The Middleby Corp, and Parker Hannifin.

Currently, the analyst consensus on Ingersoll-Rand is Moderate Buy and the average price target is $90.33, representing a 10.4% upside.

In a report issued on April 10, Credit Suisse also maintained a Buy rating on the stock with a $84 price target.

Ingersoll-Rand’s market cap is currently $21.2B and has a P/E ratio of 14.36. The company has a book value ratio of 3.1909.

Based on the recent corporate insider activity of 99 insiders, corporate insider sentiment is negative on the stock. Last month, Paul Camuti, the SVP of IR sold 4,253 shares for a total of $338,028.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Ingersoll-Rand Plc engages in the development, manufacture, and trade of air and ventilation systems. It operates through the Climate and Industrial segments. The Climate segment provides products for heating, ventilation, and air conditioning systems. The Industrial segment offers compressed air an gas systems, power tools, material handling systems, and fluid management equipment. It distributes its products under the following brand names: Ingersoll-Rand, Trane, Thermo King, American Standard, ARO, and Club Car. The company was founded in December 2001 and is headquartered in Swords, Ireland.