The stock of Ingersoll Rand Inc. (NYSE:IR) last traded at $52.81, up 0.15% from the previous session.
Data from the available sources indicates that Ingersoll Rand Inc. (NYSE:IR) is covered by 16 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $76.00 and a low of $50.00, we find $57.00. Given the previous closing price of $52.73, this indicates a potential upside of 8.1 percent. IR stock price is now 5.93% away from the 50-day moving average and 10.66% away from the 200-day moving average. The market capitalization of the company currently stands at $21.28B.
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In total, 5 analysts have assigned it a hold rating, and 8 have given it a buy rating. Brokers who have rated the stock have averaged $56.86 as their price target over the next twelve months.
With the price target enhanced from $50 to $52, Deutsche Bank Downgraded its rating from Buy to Hold for Ingersoll Rand Inc. (NYSE: IR)., while ‘Wells Fargo’ rates the stock as ‘Overweight’.
In other news, Scheske Michael J, VP, Chief Accounting Officer sold 1,743 shares of the company’s stock on Nov 07. The stock was sold for $93,128 at an average price of $53.43. Upon completion of the transaction, the VP, Chief Accounting Officer now directly owns 7,110 shares in the company, valued at $0.38 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 07, Reynal Vicente sold 10,893 shares of the business’s stock. A total of $577,495 was realized by selling the stock at an average price of $53.02. This leaves the insider owning 128,567 shares of the company worth $6.79 million. Insiders disposed of 213,738 shares of company stock worth roughly $11.29 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in IR stock. A new stake in Ingersoll Rand Inc. shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $3,354,505,000. GREAT WEST LIFE ASSURANCE CO /CAN/ invested $23,778,000 in shares of IR during the first quarter. In the first quarter, BNP PARIBAS ARBITRAGE, SNC acquired a new stake in Ingersoll Rand Inc. valued at approximately $13,135,000. EXODUSPOINT CAPITAL MANAGEMENT, LP acquired a new stake in IR for approximately $9,565,000. ALBAR CAPITAL LTD purchased a new stake in IR valued at around $8,950,000 in the second quarter.
During the past 12 months, Ingersoll Rand Inc. has had a low of $39.28 and a high of $62.64. As of last week, the company has a debt-to-equity ratio of 0.31, a current ratio of 2.50, and a quick ratio of 1.80. The fifty day moving average price for IR is $49.85 and a two-hundred day moving average price translates $47.72 for the stock.
The latest earnings results from Ingersoll Rand Inc. (NYSE: IR) was released for Jun, 2022. According to the Specialty Industrial Machinery Company, earnings per share came in at $0.54, beating analysts’ expectations of $0.52 by 0.02. This compares to -$0.01 EPS in the same period last year. The net profit margin was 11.90% and return on equity was 7.70% for IR. The company reported revenue of $1.52 billion for the quarter, compared to $1.32 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.39 percent. For the current quarter, analysts expect IR to generate $1.45B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/16/2022. Investors who held shares on 11/16/2022 were paid a $0.02 dividend. On an annualized basis, this represents a $0.08 dividend and a 0.15% percent yield. There was an ex-dividend date of 11/15/2022 for this dividend. In terms of dividend payout ratio, IR is presently at 4.80%.
Ingersoll Rand Inc.(IR) Company Profile
Ingersoll Rand Inc. provides various mission-critical air, fluid, energy, specialty vehicle and medical technologies in the United States, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Industrial Technologies and Services, and Precision and Science Technologies. The Industrial Technologies and Services segment designs, manufactures, markets, and services various air and gas compression, vacuum, and blower products; fluid transfer equipment and loading systems; and power tools and lifting equipment, including associated aftermarket parts, consumables, air treatment equipment, controls, other accessories, and services. The Precision and Science Technologies segment designs, manufactures, and markets a range of specialized positive displacement pumps, fluid management systems, accessories and aftermarket parts for liquid and gas dosing, transfer, dispensing, compression, sampling, pressure management and flow control in specialized or critical applications. The company’s products are used in medical, laboratory, industrial manufacturing, water and wastewater, chemical processing, precision irrigation, energy, food and beverage, agriculture, and vacuum and automated liquid handling end-markets, as well as various manufacturing and industrial facilities applications. It sells through an integrated network of direct sales representatives and independent distributors under the Ingersoll Rand, Gardner Denver, Club Car, CompAir, Nash, Elmo Rietschle, Robuschi, Thomas, Milton Roy, Seepex, ARO, Emco Wheaton, Runtech Systems, Air Dimensions, Albin, Dosatron, Haskel, LMI, Maximus, MP, Oberdorfer, Welch, Williams, Zinnser Analytic, and YZ brands. The company was formerly known as Gardner Denver Holdings, Inc. and changed its name to Ingersoll Rand Inc. in March 2020. Ingersoll Rand Inc. was founded in 1859 and is headquartered in Davidson, North Carolina.
