NYSE:IRIngersoll-Rand Stock Price, Forecast & News

Ingersoll-Rand's stock was trading at $23.49 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, IR shares have increased by 50.7% and is now trading at $35.40.
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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."
View analyst ratings for Ingersoll-Rand.

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) posted its quarterly earnings data on Monday, August, 3rd. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.19 by $0.12. The industrial products company had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.16 billion. Ingersoll-Rand had a negative return on equity of 2.80% and a negative net margin of 4.51%. The company's revenue for the quarter was up 101.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 EPS.
View Ingersoll-Rand's earnings history.

Ingersoll-Rand declared 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 annualized dividend and a yield of 5.99%. The ex-dividend date is Thursday, March 12th.
View Ingersoll-Rand's dividend history.

Ingersoll-Rand announced that its board has approved a share repurchase program on Wednesday, October 3rd 2018, which authorizes the company to buyback $1,500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its shares are undervalued.

18 brokerages have issued 12-month price objectives for Ingersoll-Rand's shares. Their forecasts range from $28.00 to $160.00. On average, they anticipate Ingersoll-Rand's share price to reach $77.71 in the next year. This suggests a possible upside of 119.5% from the stock's current price.
View analysts' price targets for Ingersoll-Rand.

News articles about IR stock have been trending somewhat positive recently, InfoTrie Sentiment reports. InfoTrie scores the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Ingersoll-Rand earned a daily sentiment score of 0.6 on InfoTrie's scale. They also gave news articles 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 stock's share price in the next few days.
View the latest news about Ingersoll-Rand.

Ingersoll-Rand saw a increase in short interest in April. As of April 15th, there was short interest totaling 14,140,000 shares, an increase of 33.8% from the March 31st total of 10,570,000 shares. Based on an average daily volume of 5,450,000 shares, the short-interest ratio is presently 2.6 days.
View Ingersoll-Rand's Short Interest.

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), Middleby (MIDD), Lincoln Electric (LECO) and ITT (ITT).
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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), Procter & Gamble (PG), CVS Health (CVS), Intel (INTC), Johnson & Johnson (JNJ), NVIDIA (NVDA), AbbVie (ABBV) and Walt Disney (DIS).

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 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 Goldman Sachs Group Inc. (0.51%). 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, Bank of America Corp DE, and TD Asset Management Inc.. 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 bought by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Federated Hermes Inc., Goldman Sachs Group Inc., Russell Investments Group Ltd., State of Wisconsin Investment Board, State of Alaska Department of Revenue, Greenhouse Funds LLLP, and Cibc World Markets Corp.
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 $35.40.

Ingersoll-Rand has a market capitalization of $14.76 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.