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 announced a quarterly dividend on Thursday, October 3rd. Shareholders of record on Friday, December 6th will be given a dividend of $0.53 per share on Tuesday, December 31st. This represents a $2.12 annualized dividend and a yield of 1.65%. The ex-dividend date is Thursday, December 5th. View Ingersoll-Rand's Dividend History.

Ingersoll-Rand announced that its board has authorized a stock repurchase program on Wednesday, October 3rd 2018, which permits the company to repurchase $1,500,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board believes its stock is undervalued.

Ingersoll-Rand PLC (NYSE:IR) released its quarterly earnings data on Tuesday, October, 29th. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.91 by $0.08. The industrial products company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.30 billion. Ingersoll-Rand had a net margin of 8.38% and a return on equity of 21.72%. The business's quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.75 EPS. 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 issued an update on 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 earnings per share estimate of $6.38.

12 brokers have issued 1 year price objectives for Ingersoll-Rand's stock. Their forecasts range from $122.00 to $145.00. On average, they anticipate Ingersoll-Rand's stock price to reach $135.00 in the next twelve months. This suggests a possible upside of 5.0% 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.

Headlines about IR stock have been trending somewhat positive this week, InfoTrie reports. The research firm rates the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Ingersoll-Rand earned a coverage optimism score of 0.9 on InfoTrie's scale. They also assigned media coverage about the industrial products company a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Ingersoll-Rand.

Ingersoll-Rand saw a decline in short interest in October. As of October 15th, there was short interest totalling 2,340,000 shares, a decline 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 short-interest ratio is presently 2.0 days. Approximately 1.0% of the company's shares 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), Flowserve (FLS) and Middleby (MIDD).

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), UnitedHealth Group (UNH), Procter & Gamble (PG), NVIDIA (NVDA), JPMorgan Chase & Co. (JPM), CVS Health (CVS), Walt Disney (DIS) and Bank of America (BAC).

Ingersoll-Rand's stock is owned by a number of of institutional and retail investors. Top institutional investors include State Street Corp (4.54%), Massachusetts Financial Services Co. MA (2.86%), Generation Investment Management LLP (1.19%), Voya Investment Management LLC (1.12%), Parametric Portfolio Associates LLC (0.38%) and Beutel Goodman & Co Ltd. (0.30%). 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, Voya Investment Management LLC, Nippon Life Global Investors Americas Inc., Assenagon Asset Management S.A., Robeco Institutional Asset Management B.V., Rhumbline Advisers and Man Group plc. 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 acquired by a variety of institutional investors in the last quarter, including State Street Corp, Boston Partners, First Trust Advisors LP, Pictet Asset Management Ltd., Country Trust Bank, Menora Mivtachim Holdings LTD., BB&T Securities LLC and California Public Employees Retirement System. 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 $128.58.

Ingersoll-Rand has a market capitalization of $30.81 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]