In yesterday’s Wall Street session, Ingersoll Rand Inc. (NYSE:IR) shares traded at $68.24, down -0.38% from the previous session.
17 analysts cover Ingersoll Rand Inc. (NYSE:IR), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $85.00 and a low of $65.00, we find $76.00. Given the previous closing price of $68.50, this indicates a potential upside of 10.95 percent. IR stock price is now 3.96% away from the 50-day moving average and 16.76% away from the 200-day moving average. The market capitalization of the company currently stands at $27.43B.
The stock has received a hold rating from 6 analysts and a buy rating from 9. Brokers who have rated the stock have averaged $75.91 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 $5.04 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 $0.13 million. Insiders disposed of 506,834 shares of company stock worth roughly $34.59 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 POINTSTATE CAPITAL LP during the first quarter worth $47,700,000. POINT72 ASSET MANAGEMENT, L.P. invested $21,845,000 in shares of IR during the first quarter. In the first quarter, JUMP FINANCIAL, LLC acquired a new stake in Ingersoll Rand Inc. valued at approximately $15,914,000. UBS OCONNOR LLC acquired a new stake in IR for approximately $12,762,000. UNISUPER MANAGEMENT PTY LTD purchased a new stake in IR valued at around $8,487,000 in the second quarter. In total, there are 996 active investors with 98.53% ownership of the company’s stock.
On Thursday morning Ingersoll Rand Inc. (NYSE: IR) stock kicked off with the opening price of $68.48. During the past 12 months, Ingersoll Rand Inc. has had a low of $42.20 and a high of $68.92. As of last week, the company has a debt-to-equity ratio of 0.29, a current ratio of 2.30, and a quick ratio of 1.60. According to the stock market information, the enterprise value for the company is $29.19B, which is based on a 40.57 price-to-earnings ratio, a 3.17 price-to-earnings-growth ratio, and a beta of 1.43. The fifty day moving average price for IR is $65.72 and a two-hundred day moving average price translates $58.52 for the stock.
The latest earnings results from Ingersoll Rand Inc. (NYSE: IR) was released for Jun, 2023. According to the Specialty Industrial Machinery Company, earnings per share came in at $0.68, beating analysts’ expectations of $0.6 by 0.08. This compares to $0.00 EPS in the same period last year. The net profit margin was 10.90% and return on equity was 7.70% for IR. The company reported revenue of $1.69 billion for the quarter, compared to $1.44 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.13 percent. For the current quarter, analysts expect IR to generate $1.69B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/21/2023. Investors who held shares on 08/23/2023 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 08/22/2023 for this dividend. In terms of dividend payout ratio, IR is presently at 4.60%.
