A new trading day began on May 22, 2023, with Ingersoll Rand Inc. (NYSE: IR) stock priced at $59.93, down -0.03% from the previous day of trading. During the day, the shares moved up to $60.43 and dropped to $59.20 before settling in for the closing price of $59.76. IR’s price has ranged from $39.28 to $61.06 over the past 52 weeks.
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A company in the Industrials sector has jumped its sales by 20.00% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 16.20%. With a float of $404.13 million, this company’s outstanding shares have now reached $405.00 million.
In an organization with 17000 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +33.43, operating margin of +14.87, and the pretax margin is +12.55.
Ingersoll Rand Inc. (IR) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Specialty Industrial Machinery Industry. The insider ownership of Ingersoll Rand Inc. is 0.10%, while institutional ownership is 99.11%. The most recent insider transaction that took place on Mar 06, was worth 1,500,000. In this transaction the insider of this company sold 25,000 shares at a rate of $60.00, taking the stock ownership to the 102,856 shares. Before that another transaction happened on Feb 23, when Company’s insider sold 75,000 for $57.34, making the entire transaction worth $4,300,450. This insider now owns 119,480 shares in total.
Ingersoll Rand Inc. (IR) Performance Highlights and Predictions
In its latest quarterly report, released on 3/30/2023, the company reported earnings of $0.65 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +9.96 while generating a return on equity of 6.48. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.7 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 16.20% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.63% during the next five years compared to 57.80% growth over the previous five years of trading.
Ingersoll Rand Inc. (NYSE: IR) Trading Performance Indicators
Here are Ingersoll Rand Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.50. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.90. Likewise, its price to free cash flow for the trailing twelve months is 28.40.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.58, a number that is poised to hit 0.60 in the next quarter and is forecasted to reach 2.96 in one year’s time.
Technical Analysis of Ingersoll Rand Inc. (IR)
Let’s dig in a bit further. During the last 5-days, its volume was 1.68 million. That was inferior than the volume of 2.37 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 74.37%. Additionally, its Average True Range was 1.35.
During the past 100 days, Ingersoll Rand Inc.’s (IR) raw stochastic average was set at 85.85%, which indicates a significant increase from 72.03% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.65% in the past 14 days, which was lower than the 26.92% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $56.43, while its 200-day Moving Average is $53.27. However, in the short run, Ingersoll Rand Inc.’s stock first resistance to watch stands at $60.38. Second resistance stands at $61.02. The third major resistance level sits at $61.61. If the price goes on to break the first support level at $59.15, it is likely to go to the next support level at $58.56. Assuming the price breaks the second support level, the third support level stands at $57.92.
Ingersoll Rand Inc. (NYSE: IR) Key Stats
With a market capitalization of 24.23 billion, the company has a total of 404,520K Shares Outstanding. Currently, annual sales are 5,916 M while annual income is 604,700 K. The company’s previous quarter sales were 1,629 M while its latest quarter income was 161,100 K.
