Ingersoll-Rand Inc (IR) concluded trading on Thursday at a closing price of $91.33, with 4.06 million shares of worth about $371.01 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 30.53% during that period and on Thursday the price saw a gain of about 1.65%. Currently the company’s common shares owned by public are about 403.35M shares, out of which, 402.58M 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 38 times over the past 12 months. They bought 259,955 shares in 18 of the transactions. In 20 selling transactions, insiders dumped 320,039 shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Stock saw a price change of 0.59% in past 5 days and over the past one month there was a price change of 13.30%. Year-to-date (YTD), IR shares are showing a performance of 18.09% which increased to 57.28% 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 $92.32 during that period. The average intraday trading volume for Ingersoll-Rand Inc shares is 2.48 million. The stock is currently trading 5.59% above its 20-day simple moving average (SMA20), while that difference is up 12.83% for SMA50 and it goes to 31.70% higher than SMA200.
Ingersoll-Rand Inc (NYSE: IR) currently have 403.35M outstanding shares and institutions hold larger chunk of about 96.81% of that.
The stock has a current market capitalization of $36.85B and its 3Y-monthly beta is at 1.44. PE ratio of stock for trailing 12 months is 47.91, while it has posted earnings per share of $1.91 in the same period. Its PEG reads 5.24 and has Quick Ratio of 1.67 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 1.48% while standing at 1.73% over the month.
Analysts are in expectations that Ingersoll-Rand Inc (IR) stock would likely to be making an EPS of $0.69 in the current quarter, while forecast for next quarter EPS is $0.76 and it is $3.56 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.67 which is $0.7 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.65 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 9.01% while it is estimated to increase by 10.53% in next year. EPS is likely to grow at an annualized rate of 9.14% for next 5-years, compared to annual growth of 8.12% made by the stock over the past 5-years.
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 Evercore ISI on February 20, 2024 offering an In-line rating for the stock and assigned a target price range of between $81 and $89 to it. Coverage by Stifel stated Ingersoll-Rand Inc (IR) stock as a Buy in their note to investors on October 24, 2023, suggesting a price target of $73 for the stock. On May 09, 2023, Evercore ISI Upgrade their recommendations, while on August 05, 2022, Deutsche Bank Downgrade their ratings for the stock with a price target of $52. Stock get a Peer perform rating from Wolfe Research on April 06, 2022.
