Ingersoll-Rand Stock Price, Forecast & Analysis (NYSE:IR)

Ingersoll-Rand trades on the New York Stock Exchange (NYSE) under the ticker symbol "IR."

Ingersoll-Rand declared a quarterly dividend on Thursday, October 3rd. Investors of record on Friday, December 6th will be paid a dividend of $0.53 per share on Tuesday, December 31st. This represents a $2.12 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Thursday, December 5th. View Ingersoll-Rand's Dividend History.

Ingersoll-Rand announced that its board has initiated a share repurchase plan on Wednesday, October 3rd 2018, which allows the company to repurchase $1,500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Ingersoll-Rand PLC (NYSE:IR) released its quarterly earnings results on Tuesday, October, 29th. The industrial products company reported $1.99 EPS for the quarter, beating analysts' consensus estimates of $1.91 by $0.08. The industrial products company had revenue of $4.16 billion for the quarter, compared to analysts' expectations of $4.30 billion. Ingersoll-Rand had a return on equity of 21.72% and a net margin of 8.38%. The firm's revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.75 earnings per share. View Ingersoll-Rand's Earnings History.

Ingersoll-Rand is scheduled to release their next quarterly earnings announcement on Wednesday, January 29th 2020. View Earnings Estimates for Ingersoll-Rand.

Ingersoll-Rand updated its FY19 earnings guidance on Tuesday, October, 29th. The company provided earnings per share guidance of ~$6.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.38.

12 brokers have issued 12-month price targets for Ingersoll-Rand's stock. Their forecasts range from $118.00 to $145.00. On average, they expect Ingersoll-Rand's stock price to reach $133.83 in the next year. This suggests a possible upside of 2.7% from the stock's current price. View Analyst Price Targets for Ingersoll-Rand.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ingersoll-Rand in the last year. There are currently 3 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Ingersoll-Rand.

Media headlines about IR stock have been trending neutral this week, according to InfoTrie. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Ingersoll-Rand earned a news impact score of 0.3 on InfoTrie's scale. They also gave media stories about the industrial products company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Ingersoll-Rand.

Ingersoll-Rand saw a decrease in short interest in October. As of October 15th, there was short interest totalling 2,340,000 shares, a decrease of 5.6% from the September 15th total of 2,480,000 shares. Based on an average daily volume of 1,200,000 shares, the days-to-cover ratio is currently 2.0 days. Approximately 1.0% of the company's stock are sold short. View Ingersoll-Rand's Current Options Chain.

Some companies that are related to Ingersoll-Rand include Illinois Tool Works (ITW), Parker-Hannifin (PH), Stanley Black & Decker (SWK), Dover (DOV), Xylem (XYL), IDEX (IEX), Nordson (NDSN), Snap-on (SNA), Graco (GGG), Pentair (PNR), Woodward, Inc.Common Stock (WWD), Donaldson (DCI), Gardner Denver (GDI), Middleby (MIDD) and Flowserve (FLS).

Based on aggregate information from My MarketBeat watchlists, some companies that other Ingersoll-Rand investors own include Home Depot (HD), Intel (INTC), Johnson & Johnson (JNJ), Procter & Gamble (PG), UnitedHealth Group (UNH), CVS Health (CVS), JPMorgan Chase & Co. (JPM), NVIDIA (NVDA), Walt Disney (DIS) and Bank of America (BAC).

Ingersoll-Rand's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (2.86%), Beutel Goodman & Co Ltd. (0.30%), Strs Ohio (0.29%), California Public Employees Retirement System (0.24%), Menora Mivtachim Holdings LTD. (0.24%) and First Trust Advisors LP (0.24%). Company insiders that own Ingersoll-Rand stock include Christopher J Kuehn, David S Regnery, Evan M Turtz, Jared L Cohon, Keith A Sultana, Marcia J Avedon, Michael W Lamach, Paul A Camuti and Susan K Carter. View Institutional Ownership Trends for Ingersoll-Rand.

IR stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, State of Tennessee Treasury Department, Nippon Life Global Investors Americas Inc., Assenagon Asset Management S.A., Robeco Institutional Asset Management B.V., Rhumbline Advisers, Dupont Capital Management Corp and Russell Investments Group Ltd.. Company insiders that have sold Ingersoll-Rand company stock in the last year include Christopher J Kuehn, David S Regnery, Evan M Turtz, Jared L Cohon, Keith A Sultana, Marcia J Avedon, Michael W Lamach, Paul A Camuti and Susan K Carter. View Insider Buying and Selling for Ingersoll-Rand.

IR stock was bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Country Trust Bank, Menora Mivtachim Holdings LTD., BB&T Securities LLC, California Public Employees Retirement System, State of New Jersey Common Pension Fund D, Eastern Bank and State of Alaska Department of Revenue. View Insider Buying and Selling for Ingersoll-Rand.

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

One share of IR stock can currently be purchased for approximately $130.32.

Ingersoll-Rand has a market capitalization of $31.22 billion and generates $15.67 billion in revenue each year. The industrial products company earns $1.34 billion in net income (profit) each year or $5.61 on an earnings per share basis. Ingersoll-Rand employs 49,000 workers across the globe.View Additional Information About Ingersoll-Rand.

The official website for Ingersoll-Rand is http://www.company.ingersollrand.com/.

Ingersoll-Rand's mailing address is 170/175 LAKEVIEW DRIVE AIRSIDE BUSINESS PARK SWORDS, DUBLIN L2, 28036. The industrial products company can be reached via phone at 353-01-870-7400 or via email at [email protected]