Ingersoll-Rand Inc (NYSE:IR) saw a downside of -0.28% to close Monday at $64.32 after subtracting -$0.18 on the day. The 5-day average trading volume is 2,647,140 shares of the company’s common stock. It has gained $67.00 in the past week and touched a new high 2 times within the past 5 days. An average of 2,779,485 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,487,524.
IR’s 1-month performance is -5.74% or -$4.58 on its low of $63.28 reached on 09/25/23. The company’s shares have touched a 52-week low of $42.20 and high of $70.65, with the stock’s rally to the 52-week high happening on 08/30/23. YTD, IR has achieved 23.10% or $12.07 and has reached a new high 43 times. However, the current price is down -8.96% from the 52-week high price.
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Insider Transactions
IR stock investors last saw insider trading activity on Sep 06.Kini Vikram (Senior Vice President and CFO) most recently sold 169,153 shares at $69.43 per share on Sep 06. This transaction cost the insider $11,744,896., Reynal Vicente, sold 27,169 shares at a price of $65.00 on Jun 16. Then, on Jun 08, Keene Kathleen M. sold 4,003 shares at a price of $62.50 per share. This transaction amounted to $250,183.
Valuation Metrics
IR stock has a beta of 1.44. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.03 while the price-to-book (PB) in the most recent quarter is 2.76, with the price to cash flow ratio at 28.27.
Ingersoll-Rand Inc’s quick ratio for the period ended June 29 was 1.62, with the current ratio over the same period at 2.29. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.29, while the total debt to equity was 0.29. In terms of profitability, the gross margin trailing 12 months is 34.57%. The trailing 12-month EBITDA margin is 22.19% while for the period ending June 29, Ingersoll-Rand Inc’s operating margin was 16.12%. The firm’s gross profit as reported stood at $2.33 billion against revenue of $5.92 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 22.84% to $179.5 million, while revenue of $161.1 million was 10.25% off the previous quarter. Analysts expected IR to announce $0.6 per share in earnings in its latest quarter, but it posted $0.68, representing a 13.30% surprise. EBITDA for the quarter stood at more than $384.2 million. IR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 5.55 billion, with total debt at $2.82 billion. Shareholders hold equity totaling $404.4 million.
Let’s look briefly at Ingersoll-Rand Inc (IR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 30.89% to suggest the stock is trending Neutral, with historical volatility in this time period at 23.29%.
The stock’s 5-day moving average is $64.82, reflecting a -3.12% or -$2.07 change from its current price. IR is currently trading -6.65% above its 20-day SMA, +12.64% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -2.72% and SMA200 by+21.98%.
Stochastic %K and %D was 10.40% and 8.15% and the average true range (ATR) pointed at 1.40. The RSI (14) points at 36.06%, while the 14-day stochastic is at 14.94% with the period’s ATR at 1.37. The stock’s 9-day MACD Oscillator is pointing at -1.12 and -2.47 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Ingersoll-Rand Inc (NYSE: IR), Evercore ISI upgraded it to an Outperform rating. They previously had an In-line rating on the stock. Analysts offering their rating for IR stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate IR as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 9 have offered a “buy” rating.
What is IR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $64.00 and a high of $85.00, with their median price target at $75.35. Looking at these predictions, the average price target given by analysts is for Ingersoll-Rand Inc (IR) stock is $75.69.
