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NYSE:IR

Ingersoll Rand (IR) Stock Price, News & Analysis

$91.17
+0.67 (+0.74%)
(As of 08/21/2024 ET)
Today's Range
$90.53
$91.45
50-Day Range
$87.03
$100.40
52-Week Range
$59.20
$101.30
Volume
1.08 million shs
Average Volume
2.64 million shs
Market Capitalization
$36.78 billion
P/E Ratio
45.36
Dividend Yield
0.09%
Price Target
$100.27

Ingersoll Rand MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
10.0% Upside
$100.27 Price Target
Short Interest
Healthy
2.41% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.62
Upright™ Environmental Score
News Sentiment
0.39mentions of Ingersoll Rand in the last 14 days
Based on 23 Articles This Week
Insider Trading
Selling Shares
$23.49 M Sold Last Quarter
Proj. Earnings Growth
8.20%
From $3.17 to $3.43 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.24 out of 5 stars

Industrial Products Sector

38th out of 163 stocks

General Industrial Machinery & Equipment Industry

4th out of 8 stocks

IR stock logo

About Ingersoll Rand Stock (NYSE:IR)

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. The Precision and Science Technologies segment designs, manufactures, and markets diaphragm, piston, water-powered, peristaltic, gear, vane, progressive cavity, and syringe pumps; and gas boosters, hydrogen compression systems, automated liquid handling systems, odorant injection systems, controls, software, and other related components and accessories for liquid and gas dosing, transfer, dispensing, compression, sampling, pressure management, and flow control in specialized or critical applications under the Air Dimensions, Albin, ARO, Dosatron, Haskel, Ingersoll Rand, LMI, Maximus, Milton Roy, MP, Oberdorfer, Seepex, Thomas, Welch, Williams, YZ, and Zinnser Analytic brand names. This segment's products are used in medical, life sciences, industrial manufacturing, water and wastewater, chemical processing, energy, food and beverage, agriculture, and other markets. It sells through an integrated network of direct sales representatives and independent distributors. The company was formerly known as Gardner Denver Holdings, Inc. and changed its name to Ingersoll Rand Inc. in March 2020. Ingersoll Rand Inc. was founded in 1859 and is headquartered in Davidson, North Carolina.

IR Stock Price History

IR Stock News Headlines

Wanted Dead: Petrodollar
The death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Russia, China and India have decided to abandon the petrodollar.
Evercore ISI Cuts Ingersoll Rand (NYSE:IR) Price Target to $88.00
Brokerages Set Ingersoll Rand Inc. (NYSE:IR) Target Price at $100.36
Wanted Dead: Petrodollar
The death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Russia, China and India have decided to abandon the petrodollar.
See More Headlines
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Company Calendar

Last Earnings
2/21/2023
Ex-Dividend for 6/6 Dividend
5/15/2024
Dividend Payable
6/06/2024
Ex-Dividend for 9/5 Dividend
8/15/2024
Today
8/22/2024
Dividend Payable
9/05/2024
Next Earnings (Estimated)
11/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
General industrial machinery & equipment
Sub-Industry
Industrial Machinery
CUSIP
G4779110
Fax
N/A
Employees
18,000
Year Founded
1859

Price Target and Rating

Average Stock Price Target
$100.27
High Stock Price Target
$115.00
Low Stock Price Target
$85.00
Potential Upside/Downside
+10.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
11 Analysts

Profitability

Net Income
$778.70 million
Pretax Margin
15.45%

Debt

Sales & Book Value

Annual Sales
$7.04 billion
Cash Flow
$4.03 per share
Book Value
$24.85 per share

Miscellaneous

Free Float
400,689,000
Market Cap
$36.78 billion
Optionable
Optionable
Beta
1.45

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Key Executives

Should I Buy Ingersoll Rand Stock? IR Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Ingersoll Rand Inc.:

  • Ingersoll Rand stock price has been steadily increasing, reaching a 1-year high of $100.65, indicating positive momentum in the market.
  • Analysts have been consistently upgrading their ratings on Ingersoll Rand, with a consensus rating of "Moderate Buy" and an average target price of $98.17, suggesting strong growth potential.
  • Ingersoll Rand operates in mission-critical technologies and services sectors worldwide, providing diversified revenue streams and stability.
  • Recent insider transactions, such as Vicente Reynal selling shares at an average price of $88.11, indicate confidence in the company's future performance.
  • Institutional investors hold a significant portion of Ingersoll Rand's stock, with 95.27% ownership, reflecting trust and support from large financial entities.

Cons

Investors should be bearish about investing in Ingersoll Rand Inc. for these reasons:

  • While the stock price has been rising, there may be increased volatility in the market, leading to potential risks for short-term investors.
  • Despite positive analyst ratings, there could be external factors impacting Ingersoll Rand's performance, such as economic downturns or industry-specific challenges.
  • Changes in regulations or policies related to the sectors in which Ingersoll Rand operates could affect the company's profitability and growth prospects.
  • Market competition in the industrial products sector may intensify, putting pressure on Ingersoll Rand's market share and margins.
  • Investors should carefully monitor any significant changes in the company's leadership or strategic direction that could impact its long-term sustainability and success.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, August 11, 2024. Please send any questions or comments about these Ingersoll Rand pros and cons to contact@marketbeat.com.

IR Stock Analysis - Frequently Asked Questions

How have IR shares performed this year?

Ingersoll Rand's stock was trading at $77.34 at the beginning of 2024. Since then, IR shares have increased by 17.9% and is now trading at $91.17.
View the best growth stocks for 2024 here
.

How were Ingersoll Rand's earnings last quarter?

Ingersoll Rand Inc. (NYSE:IR) issued its quarterly earnings results on Wednesday, July, 31st. The industrial products company reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.06. The industrial products company earned $1.81 billion during the quarter, compared to analyst estimates of $1.78 billion. Ingersoll Rand had a trailing twelve-month return on equity of 13.00% and a net margin of 11.73%.

Is Ingersoll Rand buying back stock?

Ingersoll Rand's Board of Directors authorized a stock buyback program on Thursday, April 25th 2024, which permits the company to buy back $1,000,000,000 in shares, according to EventVestor. This means that the company could reacquire up to 2.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

Does Ingersoll Rand have any subsidiaries?

Ingersoll Rand subsidiaries include Air Dimensions, Maximus Solutions, SEEPEX, Vacuum and Blower Systems division, Oina VV, MP Pumps Inc., DV Systems Inc., and more.

Who are Ingersoll Rand's major shareholders?

Top institutional investors of Ingersoll Rand include Bank of New York Mellon Corp (1.37%), Dimensional Fund Advisors LP (0.86%), Massachusetts Financial Services Co. MA (0.73%) and Ensign Peak Advisors Inc (0.36%). Insiders that own company stock include Vicente Reynal, Vikram Kini, Gary E Gillespie, Andrew R Schiesl, Michael J Scheske, Viseras Enrique Minarro, Nicholas J Kendall-Jones, Kathleen M Keene and Sia Abbaszadeh.
View institutional ownership trends
.

How do I buy shares of Ingersoll Rand?

Shares of IR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Ingersoll Rand own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Ingersoll Rand investors own include Home Depot (HD), Bank of America (BAC), AT&T (T), Johnson & Johnson (JNJ), Micron Technology (MU), NVIDIA (NVDA) and Procter & Gamble (PG).

This page (NYSE:IR) was last updated on 8/22/2024 by MarketBeat.com Staff

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