Ingersoll-Rand Inc (IR) concluded trading on 01/11/24 at a closing price of $77.69, with 3.2 million shares of worth about $248.4 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 16.51% during that period and on Thursday the price saw a gain of about 1.84%. Currently the company’s common shares owned by public are about 405.12M shares, out of which, 404.06M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 114 times over the past 12 months. They bought 752,545 shares in 59 of the transactions. In 55 selling transactions, insiders dumped 651,192 shares.
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Ingersoll-Rand Inc (NYSE: IR) started trading at $76.33, above $0.04 from concluding price of the previous day. However, the stock later moved at a day high price of 75.77, or with a gain of 1.84%. Stock saw a price change of 3.67% in past 5 days and over the past one month there was a price change of 5.01%. Year-to-date (YTD), IR shares are showing a performance of 0.45% which increased to 37.67% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $51.84 but also hit the highest price of $78.16 during that period. The average intraday trading volume for Ingersoll-Rand Inc shares is 2.54 million. The stock is currently trading 2.50% above its 20-day simple moving average (SMA20), while that difference is up 8.40% for SMA50 and it goes to 19.73% higher than SMA200.
Ingersoll-Rand Inc (NYSE: IR) currently have 405.12M outstanding shares and institutions hold larger chunk of about 97.13% of that.
The stock has a current market capitalization of $31.45B and its 3Y-monthly beta is at 1.43. PE ratio of stock for trailing 12 months is 41.45, while it has posted earnings per share of $1.87 in the same period. Its PEG reads 3.04 and has Quick Ratio of 1.60 while making debt-to-equity ratio of 0.29. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for IR, volatility over the week remained 1.76% while standing at 1.54% over the month.
Stock’s fiscal year EPS is expected to rise by 21.70% while it is estimated to increase by 9.14% in next year. EPS is likely to shrink at an annualized rate of 13.62% for next 5-years, compared to annual growth of 71.44% made by the stock over the past 5-years.
Analysts at 16 brokerage firms have issued recommendations for the Ingersoll-Rand Inc (IR)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.75. Out of those 16 Wall Street analysts, 9 recommended a “Buy” rating, while 5 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Stifel on October 24, 2023 offering a Buy rating for the stock and assigned a target price of $73 to it.
