In yesterday’s Wall Street session, Ingersoll-Rand Inc (NYSE:IR) shares traded at $88.38, down -1.50% from the previous session.
IR stock price is now -4.07% away from the 50-day moving average and 11.93% away from the 200-day moving average. The market capitalization of the company currently stands at $35.66B.
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With the price target of $92, Exane BNP Paribas recently initiated with Neutral rating for Ingersoll-Rand Inc (NYSE: IR). On February 20, 2024, Evercore ISI Downgraded its previous ‘Outperform’ rating to ‘In-line’ on the stock increasing its target price from $81 to quote $89, while ‘Stifel’ rates the stock as ‘Buy’
In other news, Reynal Vicente, insider sold 198,486 shares of the company’s stock on Jun 04 ’24. The stock was sold for $17,488,350 at an average price of $88.11. Upon completion of the transaction, the insider now directly owns 100,367 shares in the company, valued at $8.87 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 03 ’24, See Remarks Reynal Vicente sold 258,488 shares of the business’s stock. A total of $23,272,604 was realized by selling the stock at an average price of $90.03. This leaves the insider owning 100,367 shares of the company worth $8.87 million. A total of 0.20% of the company’s stock is owned by insiders.
During the past 12 months, Ingersoll-Rand Inc has had a low of $59.20 and a high of $96.67. As of last week, the company has a debt-to-equity ratio of 0.28, a current ratio of 2.32, and a quick ratio of 1.71. According to the stock market information, the enterprise value for the company is $37041709056, which is based on a 44.01 price-to-earnings ratio, a 4.83 price-to-earnings-growth ratio, and a beta of 1.46. The fifty day moving average price for IR is $92.0114 and a two-hundred day moving average price translates $79.06865 for the stock.
The latest earnings results from Ingersoll-Rand Inc (NYSE: IR) was released for 2024-03-31. The net profit margin was 11.85% and return on equity was 8.55% for IR. The company reported revenue of $1.67 billion for the quarter, compared to $1.63 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.5 percent.
