Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
After finishing at $92.85 in the prior trading day, Ingersoll-Rand Inc (NYSE: IR) closed at $86.72, down -6.60%. In other words, the price has decreased by -$6.60 from its previous closing price. On the day, 6.8 million shares were traded. IR stock price reached its highest trading level at $89.5 during the session, while it also had its lowest trading level at $85.9024.
Ratios:
Our goal is to gain a better understanding of IR by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 24.09 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.60. For the most recent quarter (mrq), Quick Ratio is recorded 1.71 and its Current Ratio is at 2.32. In the meantime, Its Debt-to-Equity ratio is 0.28 whereas as Long-Term Debt/Eq ratio is at 0.27.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Exane BNP Paribas on March 12, 2024, initiated with a Neutral rating and assigned the stock a target price of $92.
On February 20, 2024, Evercore ISI Downgraded its rating to In-line which previously was Outperform and also upped its target price recommendation from $81 to $89.
Stifel Upgraded its Hold to Buy on October 24, 2023, while the target price for the stock was maintained at $73.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 11 ’24 when Schiesl Andrew R sold 35,000 shares for $89.46 per share. The transaction valued at 3,131,100 led to the insider holds 16,525 shares of the business.
Reynal Vicente sold 240,000 shares of IR for $21,638,640 on Feb 28 ’24. The insider now owns 91,957 shares after completing the transaction at $90.16 per share. On Feb 22 ’24, another insider, Reynal Vicente, who serves as the insider of the company, sold 80,000 shares for $90.12 each. As a result, the insider received 7,209,600 and left with 82,573 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, IR now has a Market Capitalization of 34994470912 and an Enterprise Value of 36341424128. As of this moment, Ingersoll-Rand’s Price-to-Earnings (P/E) ratio for their current fiscal year is 43.19, and their Forward P/E ratio for the next fiscal year is 24.20. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.54. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.06 while its Price-to-Book (P/B) ratio in mrq is 3.55. Its current Enterprise Value per Revenue stands at 5.254 whereas that against EBITDA is 20.687.
Stock Price History:
Over the past 52 weeks, IR has reached a high of $96.17, while it has fallen to a 52-week low of $56.34. The 50-Day Moving Average of the stock is -5.69%, while the 200-Day Moving Average is calculated to be 14.06%.
Shares Statistics:
The stock has traded on average 2.54M shares per day over the past 3-months and 2892180 shares per day over the last 10 days, according to various share statistics. A total of 403.35M shares are outstanding, with a floating share count of 402.61M. Insiders hold about 0.21% of the company’s shares, while institutions hold 97.22% stake in the company. Shares short for IR as of 1713139200 were 5748928 with a Short Ratio of 2.26, compared to 1710460800 on 5023415. Therefore, it implies a Short% of Shares Outstanding of 5748928 and a Short% of Float of 1.8800000000000001.
Dividends & Splits
In the trailing 12 months, IR’s forward annual dividend rate was 0.08, compared to 0.08 this year. Against a Trailing Annual Dividend Yield of 0.00086160476
