The stock of Ingersoll-Rand Inc (NYSE:IR) last traded at $65.59, up 5.81% 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 $85.00 and a low of $70.00, we find $77.00. Given the previous closing price of $61.99, this indicates a potential upside of 24.21 percent. IR stock price is now 0.98% away from the 50-day moving average and 7.23% away from the 200-day moving average. The market capitalization of the company currently stands at $26.52B.
In total, 5 analysts have assigned it a hold rating, and 9 have given it a buy rating. Brokers who have rated the stock have averaged $76.67 as their price target over the next twelve months.
With the price target maintained at $73, Stifel recently Upgraded its rating from Hold to Buy for Ingersoll-Rand Inc (NYSE: IR).
In other news, Kini Vikram, Senior Vice President and CFO sold 169,153 shares of the company’s stock on Sep 06. The stock was sold for $11,744,896 at an average price of $69.43. Upon completion of the transaction, the Senior Vice President and CFO now directly owns 47,917 shares in the company, valued at $3.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 16, Reynal Vicente sold 27,169 shares of the business’s stock. A total of $1,765,985 was realized by selling the stock at an average price of $65.00. This leaves the insider owning 73,877 shares of the company worth $4.85 million. Insiders disposed of 691,808 shares of company stock worth roughly $45.38 million over the past 1 year. A total of 0.19% of the company’s stock is owned by insiders.
With an opening price of $62.25 on Thursday morning, Ingersoll-Rand Inc (NYSE: IR) set off the trading day. During the past 12 months, Ingersoll-Rand Inc has had a low of $47.63 and a high of $70.65. As of last week, the company has a debt-to-equity ratio of 0.29, a current ratio of 2.26, and a quick ratio of 1.60. According to the stock market information, the enterprise value for the company is $26.66B, which is based on a 34.99 price-to-earnings ratio, a 2.87 price-to-earnings-growth ratio, and a beta of 1.47. The fifty day moving average price for IR is $64.90 and a two-hundred day moving average price translates $61.21 for the stock.
The latest earnings results from Ingersoll-Rand Inc (NYSE: IR) was released for Sep, 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 11.47% and return on equity was 8.21% 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.
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.
