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Ingersoll-Rand Inc (IR) Stock Could Soon Reward Patient Investors

Ingersoll-Rand Inc (NYSE: IR) is 19.67% higher on its value in year-to-date trading and has touched a low of $53.24 and a high of $96.17 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The IR stock was last observed hovering at around $93.62 in the last trading session, with the day’s loss setting it -1.07%.

Currently trading at $92.55, the stock is 0.34% and 5.33% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.44 million and changing -1.14% at the moment leaves the stock 26.96% off its SMA200. IR registered 61.43% gain for a year compared to 6-month gain of 45.24%. The firm has a 50-day simple moving average (SMA 50) of $5.60 and a 200-day simple moving average (SMA200) of $23.38.

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The stock witnessed a 1.00% loss in the last 1 month and extending the period to 3 months gives it a 19.67%, and is -2.04% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.36% over the week and 1.51% over the month.

Ingersoll-Rand Inc (IR) has around 18000 employees, a market worth around $37.34B and $6.88B in sales. Current P/E ratio is 48.55 and Fwd P/E is 25.93. Profit margin for the company is 11.32%. Distance from 52-week low is 73.84% and -3.76% from its 52-week high. The company has generated returns on investments over the last 12 months (6.18%).

Ingersoll-Rand Inc quarterly earnings per share for the current quarter are estimated at $0.69 with sales reaching $1.69B over the same period.The EPS is expected to grow by 8.97% this year, but quarterly earnings will post 6.20% year-over-year. Quarterly sales are estimated to grow 3.70% in year-over-year returns.

Ingersoll-Rand Inc (IR) Top Institutional Holders

1,106 institutions hold shares in Ingersoll-Rand Inc (IR), with institutional investors hold 97.38% of the company’s shares. The shares outstanding are 403.35M, and float is at 402.61M with Short Float at 1.25%. Institutions hold 97.20% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 45.52 million shares valued at $2.98 billion. The investor’s holdings represent 11.26% of the IR Shares outstanding. As of Jun 29, 2023, the second largest holder is T. Rowe Price Investment Management, Inc. with 40.87 million shares valued at $2.67 billion to account for 10.11% of the shares outstanding. The other top investors are Blackrock Inc. which holds 31.97 million shares representing 7.90% and valued at over $2.09 billion, while Price (T.Rowe) Associates Inc holds 6.73% of the shares totaling 27.2 million with a market value of $1.78 billion.

Ingersoll-Rand Inc (IR) Insider Activity

The most recent transaction is an insider sale by Schiesl Andrew R. SEC filings show that Schiesl Andrew R sold 35,000 shares of the company’s common stock on Mar 11 ’24 at a price of $89.46 per share for a total of $3.13 million. Following the sale, the insider now owns 16525.0 shares.

Ingersoll-Rand Inc disclosed in a document filed with the SEC on Feb 28 ’24 that Reynal Vicentesold a total of 240,000 shares of the company’s common stock. The trade occurred on Feb 28 ’24 and was made at $90.16 per share for $21.64 million. Following the transaction, the insider now directly holds 91957.0 shares of the IR stock.

Still, SEC filings show that on Feb 22 ’24, Reynal Vicente () disposed off 80,000 shares at an average price of $90.12 for $7.21 million. The insider now directly holds 82,573 shares of Ingersoll-Rand Inc (IR).

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