A share price of Ingersoll-Rand Inc [IR] is currently trading at $90.38, down -0.42%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The IR shares have gain 4.20% over the last week, with a monthly amount glided 13.97%, and seem to be holding up well over a long-time horizon.
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On 20, February 2024, Ingersoll Rand Declares Regular Quarterly Cash Dividend. In a post published today on Yahoo Finance, The Board of Directors of Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and industrial solutions, declared today a regular quarterly cash dividend of $0.02 (two cents) per share of common stock payable on March 28, 2024 to stockholders of record on March 7, 2024.
From an analyst’s perspective:
Ingersoll-Rand Inc [NYSE: IR] stock has seen the most recent analyst activity on February 20, 2024, when Evercore ISI downgraded its rating to a In-line and also boosted its price target to $89 from $81. Previously, Stifel upgraded its rating to Buy on October 24, 2023, and kept the price target unchanged to $73. On May 09, 2023, upgrade upgraded it’s rating to Outperform but maintained its price target of $71 on the stock. Deutsche Bank downgraded its rating to a Hold and increased its price target to $52 on August 05, 2022. Wolfe Research downgraded its rating to a Peer Perform. Wells Fargo upgraded its rating to Overweight for this stock on November 19, 2021, and upped its price target to $68. In a note dated October 08, 2021, Wells Fargo initiated an Equal Weight rating and provided a target price of $54 on this stock.
Ingersoll-Rand Inc experienced fluctuations in its stock price throughout the past year between $51.84 and $92.32. Currently, Wall Street analysts expect the stock to reach $54.8 within the next 12 months. Ingersoll-Rand Inc [NYSE: IR] shares were valued at $90.38 at the most recent close of the market. An investor can expect a potential drop of -39.37% based on the average IR price forecast.
Analyzing the IR fundamentals
Trailing Twelve Months sales for Ingersoll-Rand Inc [NYSE:IR] were 6.88B which represents 12.18% growth. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 89.58 points at the first support level, and at 88.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 91.15, and for the 2nd resistance point, it is at 91.91.
Ingersoll-Rand Inc [IR] reported earnings per share of $0.86 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.77/share, meaning a difference of $0.09 and a surprise factor of 11.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.77 per share as compared to estimates of $0.69 per share, a difference of $0.08 representing a surprise of 11.60%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Ingersoll-Rand Inc [NYSE:IR] is 2.22. Further, the Quick Ratio stands at 1.67, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 5.32, the price to book ratio is 3.73 and price to earnings (TTM) ratio is 47.42.
Transactions by insiders
Recent insider trading involved Reynal Vicente,, that happened on Feb 22 when 80000.0 shares were sold., Schiesl Andrew R completed a deal on Feb 22 to sell 10421.0 shares. Meanwhile, VP, Chief Accounting Officer Scheske Michael J sold 7590.0 shares on Feb 21.
