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Ingersoll Rand (IR) Stock Price, News & Analysis

$93.18
-1.40 (-1.48%)
(As of 06/20/2024 ET)
Today's Range
$92.50
$95.05
50-Day Range
$86.73
$96.30
52-Week Range
$59.20
$96.67
Volume
2.80 million shs
Average Volume
2.83 million shs
Market Capitalization
$37.59 billion
P/E Ratio
46.36
Dividend Yield
0.09%
Price Target
$95.82

Ingersoll Rand MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
2.8% Upside
$95.82 Price Target
Short Interest
Healthy
2.39% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.62
Upright™ Environmental Score
News Sentiment
1.58mentions of Ingersoll Rand in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$19.55 M Sold Last Quarter
Proj. Earnings Growth
7.23%
From $3.18 to $3.41 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.75 out of 5 stars

Industrial Products Sector

56th out of 168 stocks

General Industrial Machinery & Equipment Industry

3rd out of 8 stocks

IR stock logo

About Ingersoll Rand Stock (NYSE:IR)

Ingersoll Rand Inc. provides various mission-critical air, gas, liquid, and solid flow creation technologies services and solutions worldwide. It operates through two segments, Industrial Technologies and Services, and Precision and Science Technologies. The Industrial Technologies and Services segment designs, manufactures, markets, and services air and gas compression, vacuum, and blower products; fluid transfer equipment and loading systems; and power tools and lifting equipment, including associated aftermarket parts, consumables, air treatment equipment, controls, other accessories, and services under the under the Ingersoll Rand, Gardner Denver, Nash, CompAir, Elmo Rietschle brands, etc. The Precision and Science Technologies segment designs, manufactures, and markets diaphragm, piston, water-powered, peristaltic, gear, vane, progressive cavity, and syringe pumps; and gas boosters, hydrogen compression systems, automated liquid handling systems, odorant injection systems, controls, software, and other related components and accessories for liquid and gas dosing, transfer, dispensing, compression, sampling, pressure management, and flow control in specialized or critical applications under the Air Dimensions, Albin, ARO, Dosatron, Haskel, Ingersoll Rand, LMI, Maximus, Milton Roy, MP, Oberdorfer, Seepex, Thomas, Welch, Williams, YZ, and Zinnser Analytic brand names. This segment's products are used in medical, life sciences, industrial manufacturing, water and wastewater, chemical processing, energy, food and beverage, agriculture, and other markets. It sells through an integrated network of direct sales representatives and independent distributors. The company was formerly known as Gardner Denver Holdings, Inc. and changed its name to Ingersoll Rand Inc. in March 2020. Ingersoll Rand Inc. was founded in 1859 and is headquartered in Davidson, North Carolina.

IR Stock Price History

IR Stock News Headlines

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Retirement, saved
A new poll shows 79% of Americans are worried the country faces a retirement savings crisis. More than half say they won't have enough money to be secure once they quit work . That's why one of the most experienced men on Wall Street is coming forward today with his own personal solution.
What Wall Street expects from Ingersoll Rand's earnings
7 A-Rated Growth Stocks to Buy for Gargantuan Returns
See More Headlines
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Company Calendar

Ex-Dividend for 3/28 Dividend
3/06/2024
Dividend Payable
3/28/2024
Last Earnings
5/02/2024
Ex-Dividend for 6/6 Dividend
5/15/2024
Dividend Payable
6/06/2024
Today
6/21/2024
Next Earnings (Estimated)
8/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
General industrial machinery & equipment
Sub-Industry
Industrial Machinery
CUSIP
G4779110
Fax
N/A
Employees
18,000
Year Founded
1859

Price Target and Rating

Average Stock Price Target
$95.82
High Stock Price Target
$112.00
Low Stock Price Target
$73.00
Potential Upside/Downside
+2.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
11 Analysts

Profitability

Net Income
$778.70 million
Pretax Margin
15.75%

Debt

Sales & Book Value

Annual Sales
$6.88 billion
Cash Flow
$3.97 per share
Book Value
$24.33 per share

Miscellaneous

Free Float
400,689,000
Market Cap
$37.59 billion
Optionable
Optionable
Beta
1.43

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Key Executives

Should I Buy Ingersoll Rand Stock? IR Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Ingersoll Rand Inc.:

  • Ingersoll Rand Inc. has shown consistent revenue growth over the past few quarters, indicating a strong financial performance.
  • The company's recent product innovations, such as the latest HVAC systems, have received positive reviews and are expected to drive future sales.
  • With a current stock price that is relatively stable and attractive, investors may find an entry point that offers good value.
  • Ingersoll Rand Inc.'s expansion into emerging markets presents opportunities for increased market share and revenue diversification.
  • The company's strong balance sheet with a low debt-to-equity ratio provides financial stability and room for strategic investments.

Cons

Investors should be bearish about investing in Ingersoll Rand Inc. for these reasons:

  • The competitive landscape in the industrial sector where Ingersoll Rand Inc. operates is intense, potentially impacting profit margins.
  • Fluctuations in raw material prices could affect the company's manufacturing costs and overall profitability.
  • Global economic uncertainties may pose risks to the company's international operations and revenue streams.
  • Ingersoll Rand Inc.'s exposure to regulatory changes, especially in environmental policies, could lead to compliance costs and operational challenges.
  • Market volatility and macroeconomic factors could influence the company's stock performance, impacting investor returns.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, June 7, 2024. Please send any questions or comments about these Ingersoll Rand pros and cons to contact@marketbeat.com.

IR Stock Analysis - Frequently Asked Questions

Should I buy or sell Ingersoll Rand stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ingersoll Rand in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" IR shares.
View IR analyst ratings
or view top-rated stocks.

What is Ingersoll Rand's stock price target for 2024?

11 Wall Street analysts have issued 12 month price targets for Ingersoll Rand's stock. Their IR share price targets range from $73.00 to $112.00. On average, they anticipate the company's share price to reach $95.82 in the next twelve months. This suggests a possible upside of 2.8% from the stock's current price.
View analysts price targets for IR
or view top-rated stocks among Wall Street analysts.

How have IR shares performed in 2024?

Ingersoll Rand's stock was trading at $77.34 at the beginning of 2024. Since then, IR shares have increased by 20.5% and is now trading at $93.18.
View the best growth stocks for 2024 here
.

Are investors shorting Ingersoll Rand?

Ingersoll Rand saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 7,270,000 shares, an increase of 21.6% from the April 30th total of 5,980,000 shares. Based on an average daily volume of 2,620,000 shares, the short-interest ratio is presently 2.8 days. Currently, 1.8% of the company's shares are sold short.
View Ingersoll Rand's Short Interest
.

When is Ingersoll Rand's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our IR earnings forecast
.

How were Ingersoll Rand's earnings last quarter?

Ingersoll Rand Inc. (NYSE:IR) posted its quarterly earnings results on Thursday, May, 2nd. The industrial products company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.67 by $0.09. The industrial products company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.70 billion. Ingersoll Rand had a net margin of 11.85% and a trailing twelve-month return on equity of 12.57%.

How often does Ingersoll Rand pay dividends? What is the dividend yield for Ingersoll Rand?

Ingersoll Rand announced a quarterly dividend on Thursday, April 25th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.02 per share on Thursday, June 6th. This represents a $0.08 annualized dividend and a yield of 0.09%. The ex-dividend date of this dividend is Wednesday, May 15th.
Read our dividend analysis for IR
.

Is Ingersoll Rand a good dividend stock?

Ingersoll Rand (NYSE:IR) pays an annual dividend of $0.08 per share and currently has a dividend yield of 0.08%. The dividend payout ratio is 3.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IR will have a dividend payout ratio of 2.35% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IR.

How will Ingersoll Rand's stock buyback program work?

Ingersoll Rand declared that its board has authorized a share repurchase program on Thursday, April 25th 2024, which authorizes the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 2.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its shares are undervalued.

What guidance has Ingersoll Rand issued on next quarter's earnings?

Ingersoll Rand updated its FY 2024 earnings guidance on Friday, May, 3rd. The company provided earnings per share guidance of 3.200-3.300 for the period, compared to the consensus earnings per share estimate of 3.210. The company issued revenue guidance of $7.2 billion-$7.3 billion, compared to the consensus revenue estimate of $7.3 billion.

What other stocks do shareholders of Ingersoll Rand own?

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), Procter & Gamble (PG), AbbVie (ABBV), CVS Health (CVS) and Intel (INTC).

Who are Ingersoll Rand's major shareholders?

Ingersoll Rand's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.20%), Capital International Investors (6.49%), Price T Rowe Associates Inc. MD (5.57%), JPMorgan Chase & Co. (3.96%), Capital Research Global Investors (2.81%) and Janus Henderson Group PLC (1.59%). Insiders that own company stock include Andrew R Schiesl, Gary E Gillespie, Kathleen M Keene, Michael J Scheske, Nicholas J Kendall-Jones, Sia Abbaszadeh, Vicente Reynal, Vikram Kini and Viseras Enrique Minarro.
View institutional ownership trends
.

How do I buy shares of Ingersoll Rand?

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

Does Ingersoll Rand have any subsidiaries?
The following companies are subsidiares of Ingersoll Rand: 13125882 Canada Inc., 211 E. Russell Road LLC, 4458664 Canada Inc., ACCUDYNE INDUSTRIES ASIA PTE. LTD., ACCUDYNE INDUSTRIES BORROWER S.C.A., ACCUDYNE INDUSTRIES INDIA PRIVATE LIMITED, ACCUDYNE INDUSTRIES LLC, ACCUDYNE INDUSTRIES MIDDLE EAST FZE, ACCUDYNE INDUSTRIES SERVICES LIMITED, ASTRUM IT GmbH, Accudyne Industries Acquisition S.A r.l, Accudyne Industries Canada Inc., Accudyne Industries S.A r.l., Air Dimensions, Air Dimensions Inc., Albin Pump SAS, BOC Edwards Global Low pressure Air business, CISA S.p.A., Cameron-Centrifugal Compression, Comercial Ingersoll-Rand (Chile) Limitada, Comingersoll-Comercio E Industria De Equipamentos S.A., CompAir, CompAir (Hankook) Korea Co. Ltd., CompAir Acquisition (No. 2) Ltd., CompAir Acquisition Ltd., CompAir BroomWade Ltd., CompAir Finance Ltd., CompAir GmbH, CompAir Holdings Limited, CompAir International Trading (Shanghai) Co Ltd, CompAir Korea Ltd, CompAir South Africa (SA) (Pty) Ltd., Consolidated Distribution Holdings Ltd., DV Systems Inc., Dosatron International SAS, Emco Wheaton Gmbh, Emco Wheaton USA Inc, Enza Air Proprietary Limited, FlexEnergy Holdings LLC, Frigoblock Grosskopf Gmbh, GD Aria Holdings Limited, GD Aria Holdings Limited, GD Aria Investments Limited, GD First (UK) Ltd, GD German Holdings GmbH, GD German Holdings I Gmbh, GD German Holdings II GmbH, GD German Investments GmbH, GD Global Holdings II Inc., GD Global Holdings Inc., GD Global Holdings UK II Ltd., GD Global Ventures I B.V., GD Global Ventures II B.V., GD Global Ventures III B.V., GD Industrial Products Malaysia SDN. BHD., GD Investment KY, GD UK Finance Ltd., GPS Industries, Gardner Denver (Thailand) Co. Ltd., Gardner Denver Austria GmbH, Gardner Denver Bad Neustadt Real Estate GmbH & Co KG, Gardner Denver Belgium NV, Gardner Denver Brasil Industria E Comercio de Maquinas Ltda., Gardner Denver CZ + SK sro, Gardner Denver Canada Corp (Canada), Gardner Denver Cyprus Investments II Limited, Gardner Denver Cyprus Investments Limited, Gardner Denver Deutschland GmbH, Gardner Denver Engineered Products India Private Limited, Gardner Denver FZE, Gardner Denver Finance II LLC, Gardner Denver Finance Inc & Co KG, Gardner Denver France SAS, Gardner Denver Group Svcs Ltd, Gardner Denver Holdings Limited, Gardner Denver Hong Kong Investments Limited, Gardner Denver Hong Kong Ltd, Gardner Denver Iberica SL, Gardner Denver Inc., Gardner Denver Industries Ltd., Gardner Denver Industries Pty Ltd., Gardner Denver International Inc., Gardner Denver International Ltd., Gardner Denver Investments Inc., Gardner Denver Italy Holdings S.r.L., Gardner Denver Japan Ltd., Gardner Denver Kirchhain Real Estate GmbH & Co KG, Gardner Denver Korea Ltd., Gardner Denver Ltd., Gardner Denver Machinery (Shanghai) Co. Ltd., Gardner Denver Nash Brasil Industria E Comercio De Bombas Ltda, Gardner Denver Nash LLC, Gardner Denver Nash Machinery Ltd., Gardner Denver Nederland BV, Gardner Denver Nederland Investments B.V., Gardner Denver Oy, Gardner Denver Polska Sp z.o.o., Gardner Denver Pte. Ltd., Gardner Denver S.r.l., Gardner Denver Schopfheim GmbH, Gardner Denver Schopfheim Real Estate GmbH & Co KG, Gardner Denver Schweiz AG, Gardner Denver Slovakia s.r.o., Gardner Denver Sweden AB, Gardner Denver Taiwan Ltd., Gardner Denver Thomas GmbH (f/k/a ILMVAC GmbH), Gardner Denver Thomas Inc., Gardner Denver Thomas Pneumatic Systems (Wuxi) Co. Ltd., Gardner Denver Thomas Real Estate GmbH & Co KG, Garo Dott. Ing. Roberto Gabbioneta S.r.l., Ghh-Rand Schraubenkompressoren Gmbh, HASKEL EUROPE LTD., HASKEL HOLDINGS UK LIMITED, HASKEL INTERNATIONAL LLC, Hamworthy Belliss & Morcom, Haskel France SAS, Haskel Sistemas de Fluidos Espana S.R.L., Hibon Inc., Highspeed Newco LLC, Hingerose Limited, ILMVAC (UK) Ltd., ILS Innovative Labor Systeme, ILS Inovative Laborsysteme GmbH, INGERSOLL RAND ITS JAPAN LTD., INGERSOLL-RAND (CHANG ZHOU) TOOLS CO. LTD., INGERSOLL-RAND (CHINA) INDUSTRIAL EQUIPMENT MANUFACTURING CO. LTD., INGERSOLL-RAND CHINA LLC, INGERSOLL-RAND COMÉRCIO E SERVIÇOS DE MÁQUINAS E EQUIPAMENTOS INDUSTRIAIS LTDA., INGERSOLL-RAND DE PUERTO RICO INC., INGERSOLL-RAND INDUSTRIAL COMPANY B.V., INGERSOLL-RAND INDUSTRIAL SP. Z O.O., INGERSOLL-RAND INDUSTRIAL U.S. INC., INGERSOLL-RAND PHILIPPINES INC., INGERSOLL-RAND SPAIN S.A., INGERSOLL-RAND U.S. HOLDCO INC., IR HPS Holdco. Inc., ITO Emniyet, Ingersoll Rand Cyprus Investments Ltd., Ingersoll Rand Finance LLC, Ingersoll Rand Global Investments LLC, Ingersoll Rand Global Ventures LLC, Ingersoll Rand Hong Kong Investments Limited, Ingersoll Rand Inc., Ingersoll Rand Investments (SG) Pte. Ltd., Ingersoll Rand Investments B.V., Ingersoll Rand Schweiz Investments Gmbh, Ingersoll Rand Technology R&D (Shanghai) Co. Ltd., Ingersoll-Rand (Australia) Ltd., Ingersoll-Rand (China) Investment Company Limited, Ingersoll-Rand (Guilin) Tools Company Limited, Ingersoll-Rand (Hong Kong) Holding Company Limited, Ingersoll-Rand (India) Limited, Ingersoll-Rand Ab, Ingersoll-Rand Air Solutions Hibon Sarl, Ingersoll-Rand Beteiligungs Und Grundstucksverwaltungs Gmbh, Ingersoll-Rand Colombia S.A.S., Ingersoll-Rand Company Limited (Uk), Ingersoll-Rand Company South Africa (Pty) Limited, Ingersoll-Rand Cz S.R.O., Ingersoll-Rand De Mexico S.A. De C.V., Ingersoll-Rand Equipements De Production S.A.S., Ingersoll-Rand Holdings Limited, Ingersoll-Rand Industrial Ireland Limited, Ingersoll-Rand International (India) Private Limited, Ingersoll-Rand International Holding Llc, Ingersoll-Rand Italia S.R.L., Ingersoll-Rand Italiana Manufacturing S.R.L., Ingersoll-Rand Korea Holding Llc, Ingersoll-Rand Korea Limited, Ingersoll-Rand Lux Investments II S.A R.I., Ingersoll-Rand Lux Investments S.A R.L., Ingersoll-Rand Luxembourg Industrial Company S.A R.L., Ingersoll-Rand Machinery (Shanghai) Company Limited, Ingersoll-Rand Malaysia Co. Sdn. Bhd., Ingersoll-Rand S.A. De C.V., Ingersoll-Rand Services And Trading Limited Liability Company, Ingersoll-Rand Services Company, Ingersoll-Rand Services Limited, Ingersoll-Rand Singapore Enterprises Pte. Ltd., Ingersoll-Rand South East Asia (Pte.) Ltd., Ingersoll-Rand Superay Holdings Limited, Ingersoll-Rand Technical And Services S.Á.R.L., Ingersoll-Rand Technologies And Services Private Limited, Ingersoll-Rand Technology R&D (Shanghai) Co. Ltd., Ingersoll-Rand Tool Holdings Limited, Ingersoll-Rand Trading Gmbh, Ingersoll-Rand Vietnam Company Limited, Instrum Rand JSC, Interflex Datensysteme, Ir Canada Holdings Ulc, Ir Canada Sales & Service Ulc, Ir France Sas, Kryptonite corp, Lawrence Factor Inc., LeROI, LeRoi International Inc, MILTON ROY (HONG KONG) LIMITED, MILTON ROY (UK) LIMITED, MILTON ROY EUROPA B.V., MILTON ROY EUROPE SAS, MILTON ROY INDUSTRIAL (SHANGHAI) CO. LTD., MILTON ROY LLC, MILTON ROY US PURCHASER INC., MP Pumps Inc., Maximum AG Technologies Inc., Maximus Solutions, Mb Air Systems Limited, Nash Elmo, Officina Meccaniche Industriali Srl, Oina VV, Oina VV Aktiebolag, Plurifilter D.O.O., Pt Ingersoll-Rand Indonesia, Robuschi, Runtech Systems, Runtech Systems (Shanghai) Co. Ltd., Runtech Systems Inc., Runtech Systems OY, SEEPEX, Seepex (M) SDN, Seepex Australia Pty Ltd, Seepex Beteiligungs-Gesellschaft mit Beschrankter Haftung, Seepex France S.a.r.l., Seepex GmbH, Seepex Inc., Seepex India Private Ltd., Seepex Italia SRL, Seepex Japan Co. Ltd., Seepex Nordic A/S, Seepex OOO, Seepex Pumps (Shanghia) Co. Ltd., Seepex UK Ltd., Shanghai CompAir Compressors Co Ltd, Shanghai Compressors & Blowers Ltd., Shanghai Ingersoll-Rand Compressor Limited, Shenzhen Bocom System Engineering Co., Superay, Syltone, TIWR Real Estate GmbH & Co. KG, Tamrotor Marine Comp AS Norway, Tecno Matic Europe s.r.o., Thomas Industries Inc., Trane Technologies, Tri-Continent Scientific Inc., Vacuum and Blower Systems division, Welch Vacuum Equipment (Shanghai) Co. Ltd., Zaxe Technologies Inc., Zeks Compressed Air Solutions Llc, Zinsser Analytic, Zinsser Analytik GmbH, Zinsser NA Inc., and crayon interface.
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This page (NYSE:IR) was last updated on 6/21/2024 by MarketBeat.com Staff

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