NYSE:IRIngersoll-Rand Stock Price, Forecast & 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 (WHO). Since then, IR stock has increased by 38.9% and is now trading at $32.63.
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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."
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Ingersoll-Rand is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020.
View our earnings forecast for Ingersoll-Rand.

Ingersoll-Rand PLC (NYSE:IR) released its earnings results on Monday, August, 3rd. The industrial products company reported $0.31 EPS for the quarter, topping the Zacks' 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 net margin of 2.86% and a return on equity of 2.12%. The business's revenue for the quarter was up 101.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 EPS.
View Ingersoll-Rand's earnings history.

Ingersoll-Rand announced a quarterly dividend on Thursday, February 6th. Investors 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 dividend yield of 6.50%. The ex-dividend date is Thursday, March 12th.
View Ingersoll-Rand's dividend history.

Ingersoll-Rand declared that its Board of Directors has initiated a share buyback plan on Wednesday, October 3rd 2018, which authorizes the company to buyback $1,500,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase 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.

17 brokerages have issued 1 year price targets for Ingersoll-Rand's shares. Their forecasts range from $28.00 to $160.00. On average, they expect Ingersoll-Rand's share price to reach $80.06 in the next year. This suggests a possible upside of 145.4% from the stock's current price.
View analysts' price targets for Ingersoll-Rand.

Media headlines about IR stock have trended extremely negative this week, InfoTrie Sentiment reports. InfoTrie rates the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Ingersoll-Rand earned a media sentiment score of -4.0 on InfoTrie's scale. They also gave media stories about the industrial products company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the next few days.
View the latest news about Ingersoll-Rand.

Some companies that are related to Ingersoll-Rand include Illinois Tool Works (ITW), Stanley Black & Decker (SWK), Parker-Hannifin (PH), 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), 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 many different retail and institutional investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.37%), Douglas Lane & Associates LLC (0.18%), Meyer Handelman Co. (0.16%), Peregrine Capital Management LLC (0.15%), UBS Group AG (0.12%) and LGT Capital Partners LTD. (0.06%). 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 sold by a variety of institutional investors in the last quarter, including DNB Asset Management AS, First Trust Advisors LP, Peregrine Capital Management LLC, Sumitomo Mitsui Trust Holdings Inc., Oregon Public Employees Retirement Fund, Raymond James & Associates, SG Americas Securities LLC, and Mackay Shields LLC. Company insiders that have sold Ingersoll-Rand company stock in the last year include Andrew R Schiesl, David S Regnery, Evan M Turtz, Jared L Cohon, Keith A Sultana, Kkr Group Partnership LP, Marcia J Avedon, Michael W Lamach, and Paul A Camuti.
View insider buying and selling activity for Ingersoll-Rand.

IR stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, LGT Capital Partners LTD., Douglas Lane & Associates LLC, Strs Ohio, Gulf International Bank UK Ltd, Pacer Advisors Inc., Fulton Bank N. A., and Candriam Luxembourg S.C.A..
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 $32.63.

Ingersoll-Rand has a market capitalization of $13.59 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.