On Friday, Ingersoll-Rand Inc (NYSE: IR) opened higher 0.20% from the last session, before settling in for the closing price of $95.93. Price fluctuations for IR have ranged from $59.20 to $102.74 over the past 52 weeks.
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Annual sales at Industrials sector company grew by 22.79% over the past five years. Company’s average yearly earnings per share was noted 12.12% at the time writing. With a float of $402.66 million, this company’s outstanding shares have now reached $403.35 million.
Let’s look at the performance matrix of the company that is accounted for 18000 employees. In terms of profitability, gross margin is 40.87%, operating margin of 18.55%, and the pretax margin is 15.45%.
Ingersoll-Rand Inc (IR) Insider Updates
A key investor’s attitude towards the stock of the Specialty Industrial Machinery industry is another important factor to consider. The insider ownership of Ingersoll-Rand Inc is 0.20%, while institutional ownership is 99.29%. The most recent insider transaction that took place on Aug 27 ’24, was worth 416,578. In this transaction an insider of this company sold 4,629 shares at a rate of $89.99, taking the stock ownership to the 3,829 shares. Before that another transaction happened on Aug 28 ’24, when Company’s See Remarks sold 45 for $91.00, making the entire transaction worth $4,095. This insider now owns 3,784 shares in total.
Ingersoll-Rand Inc (IR) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.77 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.69) by 0.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.89 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 12.12% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.18% 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
Check out the current performance indicators for Ingersoll-Rand Inc (IR). In the past quarter, the stock posted a quick ratio of 1.52. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.51. Likewise, its price to free cash flow for the trailing twelve months is 29.65.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.02, a number that is poised to hit 0.81 in the next quarter and is forecasted to reach 3.63 in one year’s time.
Technical Analysis of Ingersoll-Rand Inc (IR)
Ingersoll-Rand Inc (NYSE: IR) saw its 5-day average volume 2.04 million, a negative change from its year-to-date volume of 2.54 million. As of the previous 9 days, the stock’s Stochastic %D was 7.36%. Additionally, its Average True Range was 1.91.
During the past 100 days, Ingersoll-Rand Inc’s (IR) raw stochastic average was set at 65.19%, which indicates a significant increase from 9.32% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.00% in the past 14 days, which was lower than the 30.39% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $94.77, while its 200-day Moving Average is $91.58. Nevertheless, the first resistance level for the watch stands at $97.03 in the near term. At $97.94, the stock is likely to face the second major resistance level. The third major resistance level sits at $98.62. If the price goes on to break the first support level at $95.44, it is likely to go to the next support level at $94.76. Assuming the price breaks the second support level, the third support level stands at $93.85.
Ingersoll-Rand Inc (NYSE: IR) Key Stats
There are currently 403,432K shares outstanding in the company with a market cap of 38.78 billion. Presently, the company’s annual sales total 6,876 M according to its annual income of 778,700 K. Last quarter, the company’s sales amounted to 1,805 M and its income totaled 185,000 K.
