Ingersoll-Rand Stock Forecast, Price & News

Ingersoll-Rand's stock was trading at $23.49 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, IR shares have increased by 47.6% and is now trading at $34.66.
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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."
View analyst ratings for Ingersoll-Rand.

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) released its earnings results on Monday, August, 3rd. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.19 by $0.12. The industrial products company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.16 billion. Ingersoll-Rand had a negative net margin of 4.51% and a negative return on equity of 2.80%. The company's quarterly revenue was up 101.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.43 earnings per share.
View Ingersoll-Rand's earnings history.

Ingersoll-Rand announced a quarterly dividend on Thursday, February 6th. Stockholders 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 6.12%. The ex-dividend date is Thursday, March 12th.
View Ingersoll-Rand's dividend history.

Ingersoll-Rand declared that its Board of Directors has approved a stock buyback program on Wednesday, October 3rd 2018, which allows the company to buyback $1,500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 6% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its stock is undervalued.

18 brokers have issued 12-month price targets for Ingersoll-Rand's shares. Their forecasts range from $28.00 to $160.00. On average, they expect Ingersoll-Rand's stock price to reach $77.71 in the next year. This suggests a possible upside of 124.2% from the stock's current price.
View analysts' price targets for Ingersoll-Rand.

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), Graco (GGG), Snap-on (SNA), Pentair (PNR), Gardner Denver (GDI), Donaldson (DCI), Lincoln Electric (LECO), ITT (ITT) and Middleby (MIDD).
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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), CVS Health (CVS), Intel (INTC), NVIDIA (NVDA), AbbVie (ABBV), JPMorgan Chase & Co. (JPM) and Micron Technology (MU).

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 institutional and retail investors. Top institutional shareholders include Kohlberg Kravis Roberts & Co. L.P. (10.74%), Vanguard Group Inc. (9.14%), Viking Global Investors LP (2.44%), FMR LLC (2.15%), Bank of New York Mellon Corp (1.68%) and Charles Schwab Investment Management Inc. (0.80%). 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 Kohlberg Kravis Roberts & Co. L.P., FMR LLC, Viking Global Investors LP, Glenmede Trust Co. NA, Bank of New York Mellon Corp, DNB Asset Management AS, Nuveen Asset Management LLC, and Bank of America Corp DE. 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 purchased by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Ninety One UK Ltd, Blackstone Group Inc, Federated Hermes Inc., Principal Financial Group Inc., Goldman Sachs Group Inc., Jane Street Group LLC, and Russell Investments Group Ltd..
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 $34.66.

Ingersoll-Rand has a market capitalization of $14.46 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.