Ingersoll-Rand Inc (NYSE: IR) is 0.98% higher on its value in year-to-date trading and has touched a low of $83.72 and a high of $106.03 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 $92.17 in the last trading session, with the day’s loss setting it -0.82%.
Currently trading at $91.35, the stock is -1.09% and -3.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.05 million and changing -0.89% at the moment leaves the stock -3.49% off its SMA200. IR registered 6.34% gain for a year compared to 6-month loss of 3.50%. The firm has a 50-day simple moving average (SMA 50) of $94.6244 and a 200-day simple moving average (SMA200) of $94.6555.
The stock witnessed a 3.59% gain in the last 1 month and extending the period to 3 months gives it a -10.97%, and is -1.20% 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 1.85% over the week and 1.84% over the month.
Ingersoll-Rand Inc (IR) has around 18000 employees, a market worth around $36.82B and $7.16B in sales. Current P/E ratio is 44.40 and Fwd P/E is 26.44. Profit margin for the company is 11.72%. Distance from 52-week low is 9.11% and -13.85% from its 52-week high. The company has generated returns on investments over the last 12 months (5.57%).
with sales reaching $1.91B over the same period.The EPS is expected to grow by 11.45% this year, but quarterly earnings will post 5.39% year-over-year. Quarterly sales are estimated to grow 4.78% in year-over-year returns.
The shares outstanding are 403.36M, and float is at 402.19M with Short Float at 2.11%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 45.18 million shares valued at $4.1 billion. The investor’s holdings represent 11.198 of the IR Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 34.48 million shares valued at $3.13 billion to account for 8.5446 of the shares outstanding. The other top investors are CAPITAL INTERNATIONAL INVESTORS which holds 30.88 million shares representing 7.6532 and valued at over $2.81 billion, while PRICE T ROWE ASSOCIATES INC /MD/ holds 5.3052 of the shares totaling 21.41 million with a market value of $1.94 billion.
Ingersoll-Rand Inc (IR) Insider Activity
The most recent transaction is an insider sale by Scheske Michael J, the company’s VP, Chief Accounting Officer. SEC filings show that Scheske Michael J sold 2,531 shares of the company’s common stock on Nov 05 ’24 at a price of $97.44 per share for a total of $0.25 million. Following the sale, the insider now owns 11910.0 shares.
Ingersoll-Rand Inc disclosed in a document filed with the SEC on Nov 05 ’24 that Schiesl Andrew R sold a total of 24,234 shares of the company’s common stock. The trade occurred on Nov 05 ’24 and was made at $95.08 per share for $2.3 million. Following the transaction, the insider now directly holds 30846.0 shares of the IR stock.
Still, SEC filings show that on Nov 05 ’24, Scheske Michael J (Insider) Proposed Sale 2,531 shares at an average price of $97.44 for $0.25 million. The insider now directly holds shares of Ingersoll-Rand Inc (IR).
