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Friday, September 29, 2023

Searching For Real Value In Market Debris At Ingersoll Rand Inc. (NYSE: IR)

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Ingersoll Rand Inc. (IR) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.30, or -0.43%, to $69.25. The Ingersoll Rand Inc. has recorded 79,666 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Ingersoll Rand Names Santiago Arias Duval as Interim Leader for Global Precision & Science Technologies Business Segment.

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Stocks Info

As a NYSE listed company, IR falls under the Industrials sector while operating within the Specialty Industrial Machinery industry segment. At the end of the last regular session, the stock closed at $69.55 and fluctuated between $70.23 as its day high and $68.74 as its day low. The current market capitalization of Ingersoll Rand Inc. is $27.99B. A total of 2.99 million shares were traded on the day, compared to an average of 2.29M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, IR has seen 5 BUY and 3 SELL insider trades, representing the acquisition of 8,338 and the disposition of 31,770 shares. Over the last 12 months, there were 63 BUYs and 56 SELLs from insiders. Insiders purchased 574,705 shares during that period but sold 469,680.

In the most recent transaction, Reynal Vicente sold 27,169 shares of IR for 65.00 per share on Jun 16. After the transaction, the insider now owns 73,877 company shares. In a previous transaction on Jun 08, Keene Kathleen M. sold 4,003 shares at 62.50 per share. IR shares that owns now total 1,879.

Among the insiders who sold shares, Gillespie Gary E disposed of 27,488 shares on Jun 06 at a per-share price of $61.56. This resulted in the insider holding 42,234 shares of IR after the transaction. In another insider transaction, Gillespie Gary E sold 27,487 shares at $60.73 per share on Jun 05. Company shares held by the insider now total 42,234.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Ingersoll Rand Inc. pays an annual dividend of $0.08, resulting in a dividend yield of 0.12%, and it has a price to earnings (P/E) ratio of 41.35. IR’s most recent ex-dividend date was 8/22/2023 when it declared a $0.02 quarterly dividend that was paid in cash on 9/21/2023. Previously, the company paid the dividend on 6/22/2023 with an ex-dividend date of 5/23/2023. The IR stock dividend was $0.02 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for IR in the last 3 months, the mean price target is $75.69 with high estimates of $85.00 and low estimates of $64.00. In terms of 52-week highs and lows, IR has a high of $70.65 and a low of $42.20.

As of this writing, IR has an earnings estimate of $0.69 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $0.72 per share and a lower estimate of $0.68. The company reported an EPS of $0.65 in the last quarter, which was 25.00% higher than expectations of $0.52.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. IR’s latest balance sheet shows that the firm has $2.11B in Cash & Short Term Investments as of fiscal 2021. There were $3.44B in debt and $1.47B in liabilities at the time. Its Book Value Per Share was $23.28, while its Total Shareholder’s Equity was $9.07B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for IR is Buy with a score of 4.55.

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