Ingersoll-Rand Inc’s Market Journey: Closing Weak at 90.04, Down -3.23

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The closing price of Ingersoll-Rand Inc (NYSE: IR) was $90.04 for the day, down -3.23% from the previous closing price of $93.05. In other words, the price has decreased by -$3.23 from its previous closing price. On the day, 3.61 million shares were traded. IR stock price reached its highest trading level at $93.77 during the session, while it also had its lowest trading level at $89.0.


Our analysis of IR’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 25.01 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.69. 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:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 17 ’24 when Schiesl Andrew R sold 22,369 shares for $92.17 per share. The transaction valued at 2,061,863 led to the insider holds 30,846 shares of the business.

Schiesl Andrew R sold 35,000 shares of IR for $3,131,100 on Mar 11 ’24. The insider now owns 16,525 shares after completing the transaction at $89.46 per share. On Feb 28 ’24, another insider, Reynal Vicente, who serves as the insider of the company, sold 240,000 shares for $90.16 each. As a result, the insider received 21,638,640 and left with 91,957 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 36325019648 and an Enterprise Value of 37711405056. As of this moment, Ingersoll-Rand’s Price-to-Earnings (P/E) ratio for their current fiscal year is 44.84, and their Forward P/E ratio for the next fiscal year is 25.06. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.92. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.25 while its Price-to-Book (P/B) ratio in mrq is 3.69. Its current Enterprise Value per Revenue stands at 5.452 whereas that against EBITDA is 21.446.

Stock Price History:

Over the past 52 weeks, IR has reached a high of $96.67, while it has fallen to a 52-week low of $56.61. The 50-Day Moving Average of the stock is -2.62%, while the 200-Day Moving Average is calculated to be 14.53%.

Shares Statistics:

IR traded an average of 2.67M shares per day over the past three months and 3503550 shares per day over the past ten days. A total of 403.35M shares are outstanding, with a floating share count of 402.61M. Insiders hold about 0.20% of the company’s shares, while institutions hold 96.61% stake in the company. Shares short for IR as of 1715731200 were 7269572 with a Short Ratio of 2.72, compared to 1713139200 on 5748928. Therefore, it implies a Short% of Shares Outstanding of 7269572 and a Short% of Float of 2.0299999.

Dividends & Splits

With its trailing 12-month dividend rate of 0.08, IR has a forward annual dividend rate of 0.08. Against a Trailing Annual Dividend Yield of 0.00085975276

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