A new trading day began on Tuesday, with Ingersoll-Rand Inc (NYSE: IR) stock price up 1.25% from the previous day of trading, before settling in for the closing price of $89.54. IR’s price has ranged from $59.20 to $96.67 over the past 52 weeks.
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Industrials Sector giant saw their annual sales surged by 22.79% over the last five years. Meanwhile, its annual earnings per share averaged 11.19%. With a float of $402.61 million, this company’s outstanding shares have now reached $403.35 million.
The firm has a total of 18000 workers. Let’s measure their productivity.
Ingersoll-Rand Inc (IR) Insider Activity
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 0.20%, while institutional ownership is 96.67%. The most recent insider transaction that took place on Jun 04 ’24, was worth 17,488,350. In this transaction an insider of this company sold 198,486 shares at a rate of $88.11, taking the stock ownership to the 100,367 shares. Before that another transaction happened on Jun 03 ’24, when Company’s See Remarks sold 258,488 for $90.03, making the entire transaction worth $23,272,604. This insider now owns 100,367 shares in total.
Ingersoll-Rand Inc (IR) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 11.19% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.12% during the next five years compared to 8.12% 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 1.71. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.29. Likewise, its price to free cash flow for the trailing twelve months is 29.90.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.01, a number that is poised to hit 0.78 in the next quarter and is forecasted to reach 3.60 in one year’s time.
Technical Analysis of Ingersoll-Rand Inc (IR)
Analysing the last 5-days average volume posted by the [Ingersoll-Rand Inc, IR], we can find that recorded value of 2.01 million was lower than the volume posted last year of 2.69 million. As of the previous 9 days, the stock’s Stochastic %D was 28.74%. Additionally, its Average True Range was 2.24.
During the past 100 days, Ingersoll-Rand Inc’s (IR) raw stochastic average was set at 53.52%, which indicates a significant increase from 32.26% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.32% in the past 14 days, which was higher than the 24.62% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $91.80, while its 200-day Moving Average is $81.03. Now, the first resistance to watch is $91.22. This is followed by the second major resistance level at $91.79. The third major resistance level sits at $92.87. If the price goes on to break the first support level at $89.57, it is likely to go to the next support level at $88.49. Should the price break the second support level, the third support level stands at $87.92.
Ingersoll-Rand Inc (NYSE: IR) Key Stats
With a market capitalization of 36.57 billion, the company has a total of 403,432K Shares Outstanding. Currently, annual sales are 6,876 M while annual income is 778,700 K. The company’s previous quarter sales were 1,670 M while its latest quarter income was 202,200 K.
