NYSE:IR - Ingersoll-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 (WHO). Since then, IR stock has increased by 1.1% and is now trading at $23.75. View which stocks have been mosted impacted by Coronavirus.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ingersoll-Rand in the last year. There are currently 6 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 Tuesday, May 5th 2020. View our earnings forecast for Ingersoll-Rand.

Ingersoll-Rand PLC (NYSE:IR) issued its quarterly earnings results on Monday, February, 17th. The industrial products company reported $0.12 EPS for the quarter, hitting the Zacks' consensus estimate of $0.12. The industrial products company had revenue of $605.80 million for the quarter, compared to analyst estimates of $603.25 million. Ingersoll-Rand had a net margin of 6.49% and a return on equity of 8.86%. 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 8.93%. The ex-dividend date is Thursday, March 12th. View Ingersoll-Rand's dividend history.

Ingersoll-Rand declared that its Board of Directors has approved a stock buyback program 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 repurchase up to 6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

16 analysts have issued 12-month price objectives for Ingersoll-Rand's stock. Their forecasts range from $21.00 to $160.00. On average, they expect Ingersoll-Rand's stock price to reach $117.93 in the next year. This suggests a possible upside of 396.6% from the stock's current price. View analysts' price targets for Ingersoll-Rand.

Press coverage about IR stock has trended very negative recently, InfoTrie Sentiment reports. InfoTrie rates the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Ingersoll-Rand earned a daily sentiment score of -3.7 on InfoTrie's scale. They also gave news coverage about the industrial products company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the immediate future. View the latest news aboutIngersoll-Rand.

Ingersoll-Rand saw a decrease in short interest during the month of February. As of February 28th, there was short interest totaling 2,620,000 shares, a decrease of 7.7% from the February 13th total of 2,840,000 shares. Based on an average trading volume of 3,370,000 shares, the days-to-cover ratio is currently 0.8 days. Currently, 1.3% of the shares of the stock are sold short. View Ingersoll-Rand's Current Options Chain.

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), Graco (GGG), Nordson (NDSN), Snap-on (SNA), Pentair (PNR), Gardner Denver (GDI), Donaldson (DCI), Lincoln Electric (LECO), Woodward, Inc.Common Stock (WWD) and ITT (ITT).

Based on aggregate information from My MarketBeat watchlists, some companies that other Ingersoll-Rand investors own include Home Depot (HD), NVIDIA (NVDA), UnitedHealth Group (UNH), Johnson & Johnson (JNJ), CVS Health (CVS), Intel (INTC), Walt Disney (DIS), Procter & Gamble (PG), Bank of America (BAC) and JPMorgan Chase & Co. (JPM).

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 $23.75.

Ingersoll-Rand has a market capitalization of $4.87 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. View additional information about Ingersoll-Rand.

The official website for Ingersoll-Rand is http://www.gardnerdenver.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.