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 21.2% and is now trading at $28.46. 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) released its earnings results on Tuesday, May, 12th. The industrial products company reported $0.25 EPS for the quarter, missing the Zacks' consensus estimate of $0.27 by $0.02. The industrial products company had revenue of $1.30 billion for 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%. The firm's revenue was down 63.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.38 earnings per share. View Ingersoll-Rand's earnings history.

Ingersoll-Rand declared 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 annualized dividend and a yield of 7.45%. 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 share repurchase plan on Wednesday, October 3rd 2018, which authorizes the company to repurchase $1,500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its shares are undervalued.

17 analysts have issued twelve-month price targets 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 $80.06 in the next year. This suggests a possible upside of 181.3% from the stock's current price. View analysts' price targets for Ingersoll-Rand.

News headlines about IR stock have been trending somewhat negative on Friday, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Ingersoll-Rand earned a media sentiment score of -1.3 on InfoTrie's scale. They also assigned media headlines about the industrial products company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company'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), ITT (ITT), Lincoln Electric (LECO) 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."

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 $28.46.

Ingersoll-Rand has a market capitalization of $11.86 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.