Ingersoll-Rand plc (Ireland) ($IR) Stock Forecast: Down 2.2% Today

What is Ingersoll-Rand plc (Ireland)?

Ingersoll Rand (NYSE: IR) has demonstrated robust market performance, surpassing the market with an average annual return of 23.8% in the last 5 years. The company is presently valued at a market capitalization of $39.24 billion.

Why is Ingersoll-Rand plc (Ireland) going down?

IR stock is down 2.2% on Nov 1, 2024 17:25

• Despite optimistic expectations for IR's third-quarter earnings fueled by segmental strengths, the stock encountered a decline in value recently.
• This downward trend in the stock price may be linked to broader economic conditions or internal company developments that overshadowed excitement for the upcoming earnings release.
• Investors could be capitalizing on the company's strong historical performance by selling shares and pocketing gains, causing a temporary dip in stock value.
• It is crucial to observe the actual earnings results of IR to distinguish whether the recent decline is a short-lived adjustment or the beginning of a more substantial reversal in trends.

IR Price Chart

IR Technical Analysis

IR News

Here's How Much $1000 Invested In Ingersoll Rand 5 Years Ago Would Be Worth Today - Ingersoll Rand ( NYSE:IR )

Ingersoll Rand IR has outperformed the market over the past 5 years by 10.19% on an annualized basis producing an average annual return of 23.8%. Currently, Ingersoll Rand has a market capitalization of $39.24 billion.

https://www.benzinga.com/insights/news/24/10/41613454/heres-how-much-1000-invested-in-ingersoll-rand-5-years-ago-would-be-worth-today

Ingersoll Rand Gears Up to Post Q3 Earnings: Is a Beat in Store?

IR's third-quarter results are likely to gain from strength across the Industrial Technologies & Services and Precision and Science Technologies segments.

https://www.zacks.com/stock/news/2359801/ingersoll-rand-gears-up-to-post-q3-earnings-is-a-beat-in-store

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Ingersoll-Rand plc (Ireland) Price History

01.10.2024 - IR Stock was down 2.2%

• Despite optimistic expectations for IR's third-quarter earnings fueled by segmental strengths, the stock encountered a decline in value recently.
• This downward trend in the stock price may be linked to broader economic conditions or internal company developments that overshadowed excitement for the upcoming earnings release.
• Investors could be capitalizing on the company's strong historical performance by selling shares and pocketing gains, causing a temporary dip in stock value.
• It is crucial to observe the actual earnings results of IR to distinguish whether the recent decline is a short-lived adjustment or the beginning of a more substantial reversal in trends.

03.05.2024 - IR Stock was down 2.8%

• Ingersoll-Rand's stock price declined due to a 4.82% decrease in net profit and net sales in Q4 March 2024 compared to the same period last year.
• An increase in total expenses by 5.31% year over year also impacted the stock negatively.
• The stock price fell by 4.11% in response to the disappointing Q4 results.
• Investor disappointment in the company's performance was a key factor in the bearish movement of Ingersoll-Rand's stock.

02.10.2023 - IR Stock was up 5.7%

• Ingersoll Rand's Q3 earnings rose by 24.2% year-over-year, exceeding expectations and beating Street estimates.
• The company increased its adjusted earnings guidance for 2023, indicating positive future prospects.
• The solid demand, pricing actions, and contributions from acquisitions are expected to have a positive impact on Ingersoll Rand's Q3 results.
• The positive performance of Ingersoll Rand may have been influenced by the overall positive sentiment in the industrial technologies sector, as indicated by the inclusion of other companies like Emerson Electric, Stanley Black & Decker, and Zebra Technologies in the analyst blog.

03.04.2024 - IR Stock was down 6.6%

• Despite strong Q1 earnings surpassing expectations and achieving record revenues, IR stock saw a decline in value.
• Market concerns may relate to decreased orders and the impact of high operating costs on profit margins.
• A shift from a buy to a hold rating by a financial analysis platform could have influenced the bearish trend.
• Investors may be apprehensive about IR's capacity to maintain growth amidst challenges like reduced orders and operating costs affecting profitability.

03.04.2024 - IR Stock was down 6.5%

• In spite of exceeding market expectations and accomplishing remarkable first-quarter results in terms of revenue, Adjusted EBITDA, and Adjusted EPS, Ingersoll Rand Inc. experienced a notable decline in its stock value.
• Investor apprehensions arose due to the company's reported decrease in orders by 4%, higher operational expenses impacting profit margins, and stagnant organic revenue growth.
• Although the financial metrics were notable, investors seemed to have honed in on the modest decrease in organic growth and potential margin constraints from operational costs, leading to the decrease in IR's stock value.
• The contrast with similar value stocks such as FLS may have played a role in influencing investor sentiment and contributing to the downtrend in Ingersoll Rand's stock performance.

18.09.2023 - IR Stock was down 5.1%

• The bearish movement in IR's stock today can be attributed to several factors:
• 1. Market Sentiment: Despite the overall stability in the market, there may be a general bearish sentiment towards industrial stocks, leading to a decline in IR's stock price.
• 2. Profit-Taking: IR's stock may have experienced a bearish movement due to investors taking profits after a period of strong performance. This could be a result of the stock reaching a resistance level or investors deciding to lock in gains.
• 3. Technical Factors: The improvement in IR's Composite Rating mentioned in an article from Investors Business Daily may have initially boosted investor confidence. However, it is possible that the stock was overbought, leading to a correction and subsequent bearish movement.
• 4. Industry-Specific News: There might be industry-specific news or events that negatively impacted IR's stock. However, based on the provided articles, there is no clear indication of such news affecting the stock's performance.
• Overall, the bearish movement in IR's stock today could be a combination of market sentiment, profit-taking, and technical factors. It is important for investors to closely monitor the stock's performance and consider these factors when making trading decisions.