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Buy, Sell Or Hold Ingersoll Rand Inc. (NYSE:IR) At $45.44?

In recent trading session, Ingersoll Rand Inc. (NYSE:IR) saw 0.8 million shares changing hands at last check today with its beta currently measuring 1.47. Company’s recent per share price level of $45.44 trading at -$0.71 or -1.54% at last check today assigns it a market valuation of $19.44B. That most recent trading price of IR’s stock is at a discount of -37.85% from its 52-week high price of $62.64 and is indicating a premium of 13.56% from its 52-week low price of $39.28. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.02 million shares which gives us an average trading volume of 3.05 million if we extend that period to 3-months.

Ingersoll Rand Inc. (NYSE:IR) trade information

Upright in the red during last session for losing -1.54%, in the last five days IR remained trading in the red while hitting it’s week-highest on Monday, 09/19/22 when the stock touched $45.44 price level, adding 6.54% to its value on the day. Ingersoll Rand Inc.’s shares saw a change of -25.41% in year-to-date performance and have moved -6.96% in past 5-day. Ingersoll Rand Inc. (NYSE:IR) showed a performance of -6.94% in past 30-days. Number of shares sold short was 10.34 million shares which calculate 3.05 days to cover the short interests.

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Ingersoll Rand Inc. (IR) estimates and forecasts

Statistics highlight that Ingersoll Rand Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -9.10% of value to its shares in past 6 months, showing an annual growth rate of 10.05% while that of industry is 10.30. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 5.30% in the current quarter and calculating -1.50% decrease in the next quarter. This year revenue growth is estimated to rise 11.90% from the last financial year’s standing.

11 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.46 billion for the same. And 11 analysts are in estimates of company making revenue of $1.53 billion in the next quarter that will end on Dec 2022. Company posted $1.28 billion and $1.42 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 14.30% while estimating it to be 8.10% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 53.10% during past 5 years. In 2022, company’s earnings growth rate is likely to be around 920.50% while estimates for its earnings growth in next 5 years are of 10.00%.

IR Dividends

Ingersoll Rand Inc. is more likely to be releasing its next quarterly report between November 01 and November 07 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Ingersoll Rand Inc. (NYSE:IR)’s Major holders

Insiders are in possession of 0.27% of company’s total shares while institution are holding 102.79 percent of that, with stock having share float percentage of 103.07%. Investors also watch the number of corporate investors in a company very closely, which is 102.79% institutions for Ingersoll Rand Inc. that are currently holding shares of the company. Price (T.Rowe) Associates Inc is the top institutional holder at IR for having 75.16 million shares of worth $3.4 billion. And as of Jun 29, 2022, it was holding 18.64% of the company’s outstanding shares.

The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 44.68 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 11.08% of outstanding shares, having a total worth of $2.02 billion.

On the other hand, Price (T.Rowe) Capital Appreciation Fund and Price (T.Rowe) Mid Cap Growth Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 15.86 million shares of worth $717.28 million or 3.93% of the total outstanding shares. The later fund manager was in possession of 13.74 million shares on Jun 29, 2022, making its stake of worth around $621.13 million in the company or a holder of 3.41% of company’s stock.

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