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 shares have increased by 18.6% and is now trading at $27.86. 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) issued its quarterly earnings data on Tuesday, May, 12th. The industrial products company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by $0.02. The industrial products company had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.27 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 down 63.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 earnings per share. 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 paid 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 7.61%. The ex-dividend date of this dividend is Thursday, March 12th. View Ingersoll-Rand's dividend history.

Ingersoll-Rand declared that its board has approved 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 repurchase up to 6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its stock is undervalued.

17 Wall Street analysts have issued 12 month target prices for Ingersoll-Rand's stock. Their forecasts range from $28.00 to $160.00. On average, they anticipate Ingersoll-Rand's share price to reach $80.06 in the next year. This suggests a possible upside of 187.4% from the stock's current price. View analysts' price targets for Ingersoll-Rand.

Headlines about IR stock have trended negative this week, according to InfoTrie. The research firm scores the sentiment of press coverage by analyzing more than six thousand news and blog 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 coverage optimism score of -2.4 on InfoTrie's scale. They also assigned media stories 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 stock's share price in the immediate future. 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), Donaldson (DCI), Gardner Denver (GDI), Lincoln Electric (LECO), ITT (ITT) 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."

Ingersoll-Rand's stock is owned by many different institutional and retail investors. Top institutional investors include LGT Capital Partners LTD. (0.06%), State of Alaska Department of Revenue (0.05%), Envestnet Asset Management Inc. (0.04%), DNB Asset Management AS (0.02%), Fulton Bank N. A. (0.01%) and Canandaigua National Corp (0.00%). 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, Envestnet Asset Management Inc., and Livforsakringsbolaget Skandia Omsesidigt. 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., Fulton Bank N. A., Canandaigua National Corp, IBM Retirement Fund, TRUE Private Wealth Advisors, and Whittier Trust Co. of Nevada Inc.. 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 $27.86.

Ingersoll-Rand has a market capitalization of $11.61 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.