NYSE:IRIngersoll-Rand Stock Price, Forecast & News

Ingersoll-Rand's stock was trading at $23.49 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. 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) posted its earnings results on Tuesday, May, 12th. The industrial products company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters' 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 business's quarterly revenue was down 63.6% compared to the same quarter last year. During the same quarter in the previous 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 annualized dividend and a yield of 7.61%. The ex-dividend date is Thursday, March 12th. View Ingersoll-Rand's dividend history.

Ingersoll-Rand declared that its Board of Directors has authorized a share buyback program on Wednesday, October 3rd 2018, which permits the company to repurchase $1,500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

17 brokers have issued 1 year price objectives for Ingersoll-Rand's stock. Their forecasts range from $28.00 to $160.00. On average, they expect Ingersoll-Rand's stock 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 been trending somewhat negative on Thursday, according to InfoTrie. InfoTrie ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Ingersoll-Rand earned a daily sentiment score of -1.6 on InfoTrie's scale. They also assigned news articles about the industrial products company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the next several days. 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 a number of 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 acquired 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, and TRUE Private Wealth Advisors. 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.