IR Stock Summary and Trading Ideas (Ingersoll Rand | NYSE:IR)

Ingersoll Rand was formed through the merger of Gardner Denver and Ingersoll Rand's industrial segment. The firm's portfolio consists of two business lines: industrial technologies and services and precision and science technologies. Ingersoll Rand serves a variety of end markets, including industrial, medical, and energy. Its broad portfolio of products includes compression, blower and vacuum, and fluid management. Ingersoll Rand generated roughly $6.9 billion in revenue in 2023.

Ingersoll Rand trades on the NYSE stock market under the symbol IR.

As of April 19, 2024, IR stock price declined to $88.40 with 2,380,499 million shares trading.

IR has a beta of 1.31, meaning it tends to be more sensitive to market movements. IR has a correlation of 0.48 to the broad based SPY ETF.

IR has a market cap of $35.66 billion. This is considered a Large Cap stock.

Last quarter Ingersoll Rand reported $2 billion in Revenue and $.86 earnings per share. This beat revenue expectation by $41 million and exceeded earnings estimates by $.09.

In the last 3 years, IR stock traded as high as $96.17 and as low as $39.29.

The top ETF exchange traded funds that IR belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

IR has outperformed the market in the last year with a return of +57.1%, while the SPY ETF gained +21.2%. In the last 3 month period, IR beat the market returning +13.1%, while SPY returned +4.3%. However, in the most recent 2 weeks IR has underperformed the stock market by returning -4.2%, while SPY returned -3.5%.

IR support price is $87.67 and resistance is $90.27 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IR stock will trade within this expected range on the day.