NYSE:IRIngersoll-Rand Stock Price, Forecast & 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. Since then, IR shares have increased by 19.6% and is now trading at $28.10. View which stocks have been most impacted by Coronavirus.

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ingersoll-Rand in the last year. There are currently 7 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 Wednesday, July 29th 2020. View our earnings forecast for Ingersoll-Rand.

Ingersoll-Rand PLC (NYSE:IR) posted its earnings results on Tuesday, May, 12th. The industrial products company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by $0.02. The industrial products company earned $1.30 billion during the quarter, compared to the consensus estimate of $1.27 billion. Ingersoll-Rand had a return on equity of 2.12% and a net margin of 2.86%. Ingersoll-Rand's revenue was down 63.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.38 EPS. View Ingersoll-Rand's earnings history.

Ingersoll-Rand declared 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 7.54%. The ex-dividend date is Thursday, March 12th. View Ingersoll-Rand's dividend history.

Ingersoll-Rand announced that its Board of Directors has initiated a stock buyback program on Wednesday, October 3rd 2018, which authorizes the company to buyback $1,500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

17 analysts have issued 12-month price objectives 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 $80.06 in the next year. This suggests a possible upside of 184.9% from the stock's current price. View analysts' price targets for Ingersoll-Rand.

Media headlines about IR stock have trended negative on Wednesday, according to InfoTrie. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Ingersoll-Rand earned a daily sentiment score of -2.1 on InfoTrie's scale. They also assigned news articles about the industrial products company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news about Ingersoll-Rand.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Ingersoll-Rand investors own include Home Depot (HD), NVIDIA (NVDA), Bank of America (BAC), AT&T (T), CVS Health (CVS), Intel (INTC), Johnson & Johnson (JNJ), Walt Disney (DIS), Verizon Communications (VZ) and Procter & Gamble (PG).

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

Ingersoll-Rand's stock is owned by a number of institutional and retail investors. Top institutional investors include State of Alaska Department of Revenue (0.05%), Fulton Bank N. A. (0.01%) and TRUE Private Wealth Advisors (0.00%). 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 W Lamach, Paul A Camuti and Susan K Carter. View institutional ownership trends for Ingersoll-Rand.

IR stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Fulton Bank N. A., and TRUE Private Wealth Advisors. 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 $28.10.

Ingersoll-Rand has a market capitalization of $11.71 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 222 EAST ERIE STREET STE 500, MILWAUKEE WI, 53202. The industrial products company can be reached via phone at 414-212-4700.