Ingersoll-Rand Stock Forecast, Price & News

Ingersoll-Rand's stock was trading at $23.49 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, IR shares have increased by 55.8% and is now trading at $36.60.
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18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ingersoll-Rand in the last year. There are currently 8 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Ingersoll-Rand is scheduled to release its next quarterly earnings announcement on Monday, October 26th 2020.
View our earnings forecast for Ingersoll-Rand.

Ingersoll-Rand PLC (NYSE:IR) posted its earnings results on Monday, August, 3rd. The industrial products company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.12. The industrial products company earned $1.26 billion during the quarter, compared to analysts' expectations of $1.16 billion. Ingersoll-Rand had a negative net margin of 4.51% and a negative return on equity of 2.80%. Ingersoll-Rand's revenue for the quarter was up 101.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 earnings per share.
View Ingersoll-Rand's earnings history.

Ingersoll-Rand announced a quarterly dividend on Thursday, February 6th. Shareholders of record on Friday, March 13th will be paid a dividend of $0.53 per share on Tuesday, March 31st. This represents a $2.12 annualized dividend and a yield of 5.79%. The ex-dividend date of this dividend is Thursday, March 12th.
View Ingersoll-Rand's dividend history.

18 analysts have issued 1 year target prices for Ingersoll-Rand's stock. Their forecasts range from $28.00 to $160.00. On average, they anticipate Ingersoll-Rand's stock price to reach $72.88 in the next twelve months. This suggests a possible upside of 99.1% from the stock's current price.
View analysts' price targets for Ingersoll-Rand.

Ingersoll-Rand saw a drop in short interest in the month of September. As of September 15th, there was short interest totaling 14,290,000 shares, a drop of 12.1% from the August 31st total of 16,250,000 shares. Based on an average trading volume of 2,870,000 shares, the days-to-cover ratio is currently 5.0 days.
View Ingersoll-Rand's Short Interest.

Some companies that are related to Ingersoll-Rand include Illinois Tool Works (ITW), Parker-Hannifin (PH), Stanley Black & Decker (SWK), Xylem (XYL), Dover (DOV), IDEX (IEX), Nordson (NDSN), Graco (GGG), Snap-on (SNA), Pentair (PNR), Gardner Denver (GDI), Donaldson (DCI), Lincoln Electric (LECO), The Middleby (MIDD) and ITT (ITT).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Ingersoll-Rand investors own include Home Depot (HD), Bank of America (BAC), AT&T (T), Johnson & Johnson (JNJ), Micron Technology (MU), NVIDIA (NVDA), The Procter & Gamble (PG), AbbVie (ABBV), CVS Health (CVS) and Intel (INTC).

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

Ingersoll-Rand's stock is owned by a variety of retail and institutional investors. Top institutional investors include Douglas Lane & Associates LLC (0.20%), CHURCHILL MANAGEMENT Corp (0.05%), LGT Capital Partners LTD. (0.04%), Envestnet Asset Management Inc. (0.04%), DNB Asset Management AS (0.03%) and State of Alaska Department of Revenue (0.02%). Company insiders that own Ingersoll-Rand stock include Andrew R Schiesl, Christopher J Kuehn, David S Regnery, Evan M Turtz, Jared L Cohon, Keith A Sultana, Kkr Group Partnership LP, Marcia J Avedon, Michael J Scheske, Michael W Lamach, Paul A Camuti, Susan K Carter and Vicente Reynal.
View institutional ownership trends for Ingersoll-Rand.

IR stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, LGT Capital Partners LTD., Fulton Bank N. A., Pacer Advisors Inc., Envestnet Asset Management Inc., and City Holding Co.. Company insiders that have sold Ingersoll-Rand company stock in the last year include Andrew R Schiesl, David S Regnery, Evan M Turtz, Keith A Sultana, Kkr Group Partnership LP, Marcia J Avedon, Michael J Scheske, Michael W Lamach, Paul A Camuti, and Vicente Reynal.
View insider buying and selling activity for Ingersoll-Rand.

IR stock was acquired by a variety of institutional investors in the last quarter, including CHURCHILL MANAGEMENT Corp, Douglas Lane & Associates LLC, DNB Asset Management AS, Murphy Middleton Hinkle & Parker Inc., IFM Investors Pty Ltd, Louisiana State Employees Retirement System, IBM Retirement Fund, and Vigilant Capital Management LLC.
View insider buying and selling activity 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 $36.60.

Ingersoll-Rand has a market capitalization of $15.26 billion and generates $2.45 billion in revenue each year. The industrial products company earns $159.10 million in net income (profit) each year or $0.76 on an earnings per share basis. Ingersoll-Rand employs 6,600 workers across the globe.

The official website for Ingersoll-Rand is www.irco.com.

Ingersoll-Rand's mailing address is 800-A BEATY STREET, DAVIDSON NC, 28036. The industrial products company can be reached via phone at 704-655-4000.