Ingersoll Rand (IR) Stock Price, News & Analysis

Company Overview

Ingersoll Rand Inc. provides various mission-critical air, gas, liquid, and solid flow creation technologies services and solutions worldwide. 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 brands, etc. 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, Ingersoll Rand, 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 wastewater, 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.

Key Stats

• Today's Range: $90.41 to $93.79
• 50-Day Range: $91.26 to $105.36
• 52-Week Range: $74.01 to $106.03
• Volume: 5.14 million shs
• Average Volume: 2.49 million shs
• Market Capitalization: $37.19 billion
• P/E Ratio: 45.01
• Dividend Yield: 0.09%
• Price Target: $107.67
• Consensus Rating: Moderate Buy

Ingersoll Rand Stock Analysis - MarketRank™

Ingersoll Rand scored higher than 88% of companies evaluated by MarketBeat, and ranked 31st out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Ingersoll Rand has received a consensus rating of Moderate Buy. The company's average rating score is 2.54, and is based on 7 buy ratings, 6 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Ingersoll Rand has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 4.98%

Earnings Growth

Earnings for Ingersoll Rand are expected to grow by 4.98% in the coming year, from $3.21 to $3.37 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Ingersoll Rand is 45.01, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.72.

Price to Earnings Ratio vs. Sector

The P/E ratio of Ingersoll Rand is 45.01, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 21.08.

Price to Earnings Growth Ratio

Ingersoll Rand has a PEG Ratio of 3.86. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Ingersoll Rand has a P/B Ratio of 3.79. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.30% of the float of Ingersoll Rand has been sold short.

Short Interest Ratio / Days to Cover

Ingersoll Rand has a short interest ratio ("days to cover") of 4.2.

Change versus previous month

Short interest in Ingersoll Rand has recently decreased by 5.89%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Ingersoll Rand has a dividend yield of 0.08%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Ingersoll Rand does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Ingersoll Rand is 3.90%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Ingersoll Rand will have a dividend payout ratio of 2.37% next year. This indicates that Ingersoll Rand will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.3 / 5
• Environmental Score: -3.62

Percentage of Shares Shorted

2.30% of the float of Ingersoll Rand has been sold short.

Short Interest Ratio / Days to Cover

Ingersoll Rand has a short interest ratio ("days to cover") of 4.2.

Change versus previous month

Short interest in Ingersoll Rand has recently decreased by 5.89%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 1.55

News Sentiment

Ingersoll Rand has a news sentiment score of 1.55. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.74 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for Ingersoll Rand this week, compared to 9 articles on an average week.

Search Interest

Only 4 people have searched for IR on MarketBeat in the last 30 days. This is a decrease of -69% compared to the previous 30 days.

MarketBeat Follows

4 people have added Ingersoll Rand to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Ingersoll Rand insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $246,621.00 in company stock.

Percentage Held by Insiders

Only 0.68% of the stock of Ingersoll Rand is held by insiders.

Percentage Held by Institutions

95.27% of the stock of Ingersoll Rand is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

IR Stock Analysis - Frequently Asked Questions

How have IR shares performed this year?

Ingersoll Rand's stock was trading at $77.34 at the start of the year. Since then, IR stock has increased by 19.3% and is now trading at $92.28.
View the best growth stocks for 2024 here.

How were Ingersoll Rand's earnings last quarter?

Ingersoll Rand Inc. (NYSE:IR) posted its earnings results on Tuesday, February, 21st. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.13. The business's quarterly revenue was up 14.4% on a year-over-year basis.
Read the conference call transcript.

Is Ingersoll Rand buying back stock?

Ingersoll Rand's Board of Directors initiated a share repurchase plan on Thursday, April 25th 2024, which authorizes the company to buy back $1,000,000,000 in shares, according to EventVestor. This means that the company could buy up to 2.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board believes its shares are undervalued.

Does Ingersoll Rand have any subsidiaries?

Ingersoll Rand subsidiaries include Air Dimensions, Maximus Solutions, SEEPEX, Vacuum and Blower Systems division, Oina VV, MP Pumps Inc., DV Systems Inc., and others.

Who are Ingersoll Rand's major shareholders?

Top institutional investors of Ingersoll Rand include FMR LLC (4.01%), State Street Corp (3.91%), Franklin Resources Inc. (2.88%) and Geode Capital Management LLC (2.34%). Insiders that own company stock include Vicente Reynal, Vikram Kini, Gary E Gillespie, Andrew R Schiesl, Michael J Scheske, Viseras Enrique Minarro, Elizabeth Meloy Hepding, Kathleen M Keene, Nicholas J Kendall-Jones and Sia Abbaszadeh.
View institutional ownership trends.

How do I buy shares of Ingersoll Rand?

Shares of IR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Ingersoll Rand own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Ingersoll Rand investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Adobe (ADBE), Arista Networks (ANET) and Salesforce (CRM).

Company Calendar

• Last Earnings: 2/21/2023
• Ex-Dividend for 12/5 Dividend: 11/14/2024
• Dividend Payable: 12/05/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Industrial Products
• Industry: General industrial machinery & equipment
• Sub-Industry: Industrial Machinery
• Current Symbol: NYSE:IR
• CUSIP: G4779110
• CIK: 1466258
• Web: www.irco.com
• Phone: (704) 655-4000
• Fax: N/A
• Employees: 18,000
• Year Founded: 1859

Price Target and Rating

• Average Stock Price Target: $107.67
• High Stock Price Target: $124.00
• Low Stock Price Target: $88.00
• Potential Upside/Downside: +16.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.54
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.05
• Trailing P/E Ratio: 45.01
• Forward P/E Ratio: 28.75
• P/E Growth: 3.86
• Net Income: $778.70 million
• Net Margins: 11.72%
• Pretax Margin: 15.58%
• Return on Equity: 13.01%
• Return on Assets: 7.77%

Debt

• Debt-to-Equity Ratio: 0.46
• Current Ratio: 2.36
• Quick Ratio: 1.71

Sales & Book Value

• Annual Sales: $7.16 billion
• Price / Sales: 5.20
• Cash Flow: $3.65 per share
• Price / Cash Flow: 25.25
• Book Value: $24.33 per share
• Price / Book: 3.79

Miscellaneous

• Outstanding Shares: 403,012,000
• Free Float: 400,272,000
• Market Cap: $37.19 billion
• Optionable: Optionable
• Beta: 1.42