Ingersoll-Rand Stock Forecast, Price & News

Ingersoll-Rand's stock was trading at $23.49 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, IR stock has increased by 52.8% and is now trading at $35.90.
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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) issued its quarterly earnings results on Monday, August, 3rd. The industrial products company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.19 by $0.12. The industrial products company earned $1.26 billion during 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%. The firm's revenue for the quarter was up 101.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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 of this dividend is Thursday, March 12th.
View Ingersoll-Rand's dividend history.

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

18 Wall Street analysts have issued 12 month price objectives for Ingersoll-Rand's stock. Their forecasts range from $28.00 to $160.00. On average, they expect Ingersoll-Rand's share price to reach $77.71 in the next year. This suggests a possible upside of 116.5% 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 Woodward, Inc.Common Stock (WWD).
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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 number of retail and institutional 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 $35.90.

Ingersoll-Rand has a market capitalization of $14.97 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.