NYSE:IRIngersoll-Rand Stock Price, Forecast & News

Ingersoll-Rand's stock was trading at $23.49 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, IR stock has increased by 52.7% and is now trading at $35.86.
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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) announced its earnings results on Monday, August, 3rd. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.12. The industrial products company had revenue of $1.26 billion for 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% compared to the same quarter last year. During the same period last year, the business posted $0.43 EPS.
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 given a dividend of $0.53 per share on Tuesday, March 31st. This represents a $2.12 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date is Thursday, March 12th.
View Ingersoll-Rand's dividend history.

Ingersoll-Rand declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, October 3rd 2018, which allows the company to buyback $1,500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

18 analysts have issued 12-month price targets for Ingersoll-Rand's shares. Their forecasts range from $28.00 to $160.00. On average, they anticipate Ingersoll-Rand's share price to reach $77.71 in the next twelve months. This suggests a possible upside of 116.7% from the stock's current price.
View analysts' price targets for Ingersoll-Rand.

Media coverage about IR stock has trended very negative recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Ingersoll-Rand earned a daily sentiment score of -3.9 on InfoTrie's scale. They also assigned media headlines about the industrial products company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the near term.
View the latest news about Ingersoll-Rand.

Ingersoll-Rand saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 14,140,000 shares, an increase of 33.8% from the March 31st total of 10,570,000 shares. Based on an average trading volume of 5,450,000 shares, the short-interest ratio is presently 2.6 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), Dover (DOV), Xylem (XYL), IDEX (IEX), Nordson (NDSN), Graco (GGG), Snap-on (SNA), Pentair (PNR), Gardner Denver (GDI), Donaldson (DCI), Middleby (MIDD), Lincoln Electric (LECO) 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), Procter & Gamble (PG), CVS Health (CVS), Intel (INTC), Johnson & Johnson (JNJ), NVIDIA (NVDA), AbbVie (ABBV) and Walt Disney (DIS).

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

Ingersoll-Rand's stock is owned by many different institutional and retail investors. Top institutional investors include Viking Global Investors LP (2.44%), Bank of New York Mellon Corp (1.68%), Goldman Sachs Group Inc. (0.51%), Sumitomo Mitsui Trust Holdings Inc. (0.37%), State of Wisconsin Investment Board (0.34%) and Swiss National Bank (0.34%). 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, 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 Viking Global Investors LP, Bank of New York Mellon Corp, DNB Asset Management AS, Achmea Investment Management B.V., First Trust Advisors LP, Bank of Montreal Can, Peregrine Capital Management LLC, and Trillium Asset Management LLC. 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 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 Goldman Sachs Group Inc., Russell Investments Group Ltd., State of Wisconsin Investment Board, State of Alaska Department of Revenue, Greenhouse Funds LLLP, Cibc World Markets Corp, LGT Capital Partners LTD., and Douglas Lane & Associates 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 $35.86.

Ingersoll-Rand has a market capitalization of $14.96 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.