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 21.2% and is now trading at $28.46. View which stocks have been most impacted by Coronavirus.

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 Wednesday, July 29th 2020. View our earnings forecast for Ingersoll-Rand.

Ingersoll-Rand PLC (NYSE:IR) announced its quarterly earnings results on Tuesday, May, 12th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.27 by $0.02. The industrial products company earned $1.30 billion during the quarter, compared to analyst estimates of $1.27 billion. Ingersoll-Rand had a net margin of 2.86% and a return on equity of 2.12%. The company's revenue was down 63.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.38 EPS. View Ingersoll-Rand's earnings history.

Ingersoll-Rand declared a quarterly dividend on Thursday, February 6th. Stockholders 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 7.45%. 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 initiated a share buyback program on Wednesday, October 3rd 2018, which allows the company to buyback $1,500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

18 brokers 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 $83.59 in the next year. This suggests a possible upside of 193.7% from the stock's current price. View analysts' price targets for Ingersoll-Rand.

News coverage about IR stock has trended very negative on Thursday, InfoTrie reports. The research firm identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Ingersoll-Rand earned a daily sentiment score of -3.3 on InfoTrie's scale. They also assigned media headlines about the industrial products company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. 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), ITT (ITT), Lincoln Electric (LECO) 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."

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 $28.46.

Ingersoll-Rand has a market capitalization of $11.86 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.