Stocks of Ingersoll Rand Inc. (NYSE:IR) traded higher last session on Wall Street, down -0.85% to $64.52.
According to the data, Ingersoll Rand Inc. (NYSE:IR) has 17 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $83.00 and a low of $61.00, we find $70.50. Given the previous closing price of $65.07, this indicates a potential upside of 8.34 percent. IR stock price is now 2.92% away from the 50-day moving average and 14.33% away from the 200-day moving average. The market capitalization of the company currently stands at $26.23B.
A total of 5 analysts have issued a hold rating and 9 have given it a buy rating. Brokers who have rated the stock have averaged $71.00 as their price target over the next twelve months.
With the price target maintained at $71, Evercore ISI recently Upgraded its rating from In-line to Outperform for Ingersoll Rand Inc. (NYSE: IR).
In other news, Reynal Vicente, insider sold 27,169 shares of the company’s stock on Jun 16. The stock was sold for $1,765,985 at an average price of $65.00. Upon completion of the transaction, the insider now directly owns 73,877 shares in the company, valued at $4.77 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 08, Keene Kathleen M. sold 4,003 shares of the business’s stock. A total of $250,183 was realized by selling the stock at an average price of $62.50. This leaves the insider owning 1,879 shares of the company worth $0.12 million. Insiders disposed of 530,399 shares of company stock worth roughly $34.22 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 BROOKFIELD CORP /ON/ during the first quarter worth $18,914,000. MOORE CAPITAL MANAGEMENT, LP invested $15,745,000 in shares of IR during the first quarter. In the first quarter, GREENLAND CAPITAL MANAGEMENT LP acquired a new stake in Ingersoll Rand Inc. valued at approximately $11,731,000. INTERVAL PARTNERS, LP acquired a new stake in IR for approximately $9,735,000. VARMA MUTUAL PENSION INSURANCE CO purchased a new stake in IR valued at around $8,251,000 in the second quarter. In total, there are 996 active investors with 99.11% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $64.84 for Ingersoll Rand Inc. (NYSE: IR). During the past 12 months, Ingersoll Rand Inc. has had a low of $42.20 and a high of $67.18. As of last week, the company has a debt-to-equity ratio of 0.29, a current ratio of 2.20, and a quick ratio of 1.50. According to the stock market information, the enterprise value for the company is $27.76B, which is based on a 40.91 price-to-earnings ratio, a 3.77 price-to-earnings-growth ratio, and a beta of 1.44. The fifty day moving average price for IR is $62.82 and a two-hundred day moving average price translates $56.52 for the stock.
The latest earnings results from Ingersoll Rand Inc. (NYSE: IR) was released for Mar, 2023. According to the Specialty Industrial Machinery Company, earnings per share came in at $0.65, beating analysts’ expectations of $0.52 by 0.13. This compares to $0.00 EPS in the same period last year. The net profit margin was 10.70% and return on equity was 7.30% for IR. The company reported revenue of $1.63 billion for the quarter, compared to $1.34 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 21.86 percent. For the current quarter, analysts expect IR to generate $1.58B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/22/2023. Investors who held shares on 05/24/2023 were paid a $0.02 dividend. On an annualized basis, this represents a $0.08 dividend and a 0.12% percent yield. There was an ex-dividend date of 05/23/2023 for this dividend. In terms of dividend payout ratio, IR is presently at 4.90%.
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, India, 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 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 under the under the Ingersoll Rand, Gardner Denver, Nash, CompAir, Elmo Rietschle, Robuschi, Emco Wheaton, and Runtech Systems brands. The Precision and Science Technologies segment designs, manufactures, and markets diaphragm, piston, water-powered, peristaltic, gear, vane, progressive cavity, and syringe pumps; and gas boosters, hydrogen compression systems, automated liquid handling systems, odorant injection systems, controls, software, and other related components and accessories for liquid and gas dosing, transfer, dispensing, compression, sampling, pressure management, and flow control in specialized or critical applications under the Air Dimensions, Albin, ARO, Dosatron, Haskel, LMI, Maximus, Milton Roy, MP, Oberdorfer, Seepex, Thomas, Welch, Williams, YZ, and Zinnser Analytic brand names. This segment’s products are used in medical, life sciences, industrial manufacturing, water and waste water, chemical processing, energy, food and beverage, agriculture, and other markets. It sells through an integrated network of direct sales representatives and independent distributors. 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.
