Ingersoll Rand Inc.’s Stock Price Slumps to $85.72, Reflecting a 7.38% Decline

Ingersoll Rand Inc. (IR)

85.72 USD -6.83 (-7.38%) Volume: 7.39M

Explore Ingersoll Rand Inc.’s stock price performance, currently at 85.72 USD, which reflects a trading session drop of 7.38%, backed by a trading volume of 7.39M. With a Year-To-Date percentage change of -3.35%, IR’s stock market trends provide key insights for potential investors.

Latest developments on Ingersoll Rand Inc.

Today, the stock price of Ingersoll Rand Inc. (NYSE:IR) is in focus after reporting its Q4 earnings, which met estimates but missed revenue expectations. The company declared a quarterly dividend of $0.02 and announced record fourth quarter and full-year 2024 results, with $1.9B in revenue and new profit records. Despite the revenue miss, Baird raised its price target on Ingersoll Rand to $111 from $105, reflecting a positive outlook. The stock edged up as investors reacted to the earnings report, with analysts reducing Q1 EPS estimates. Ingersoll Rand continues to receive accolades for its environmental stewardship and sustainability efforts, earning an ‘A List’ rating from CDP. Institutional investors like Regents Gate Capital LLP, Mirae Asset Global Investments Co. Ltd, abrdn plc, Sumitomo Mitsui DS Asset Management Company Ltd, and State of Alaska Department of Revenue have all acquired or grown their holdings in Ingersoll Rand Inc., indicating confidence in the company’s future prospects.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma