WallStreetZenWallStreetZen

How to Buy Ingersoll Rand Stock

Ingersoll Rand Inc

Ingersoll Rand is a specialty industrial machinery company located in North Carolina, United States, which is part of the Industrials sector, and is traded under the ticker IR on the NYSE exchange.

Ingersoll Rand stock last closed at $94.74, up 3.68% from the previous day, and has increased 50.79% in one year. It has overperformed other stocks in the Specialty Industrial Machinery industry by 0.34 percentage points. Ingersoll Rand stock is currently +60.03% from its 52-week low of $59.20, and -2% from its 52-week high of $96.67.

As of Jun 12, 2024, there are 403.43M shares of IR outstanding. The market cap of IR is $38.22B. In the past 24 hours, 3.59M IR shares were traded.

How to Buy Ingersoll Rand Stock

Not sure how to invest in Ingersoll Rand stock? Here's how.
  1. Choose where to buy Ingersoll Rand stock: You need to pick an online brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you figure out where to buy Ingersoll Rand stock.
  2. Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Put funds into your brokerage account: Select your payment method and add your info.
  4. Research Ingersoll Rand stock: The Ingersoll Rand ticker symbol is IR. Is Ingersoll Rand stock a good investment? Should you buy shares of IR? How do IR's underlying business fundamentals look? Do top analysts think Ingersoll Rand is a good buy? Why has IR's stock price moved recently? (Hint: Our stock market analysis tools can help you understand if IR is a good stock to buy).
  5. Place your IR buy order: Decide if you will purchase IR shares at the current market price or use a limit order to buy IR shares at a specific price.
  6. Keep an eye on your IR investment: Create a watchlist to get the latest news on your new investment in Ingersoll Rand shares.

Step 1: Choose where to buy Ingersoll Rand stock

You need a brokerage account to access the NYSE market and buy IR stock.

A brokerage account allows you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

Our preferred brokerage: eToro

Based on our research, eToro is the best stock brokerage. eToro gives you:

  • You can invest in stocks with 0% commissions: Invest without commissions.
  • Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
  • Access to global financial markets: From Tech to Industrials, New York to Tokyo — you can fill your portfolio with stocks from the world's top exchanges.
  • Social investing: eToro has a community of more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of top investors.
  • Security: eToro is a regulated and licensed fintech leader.
  • Buy other assets: Such as ETFs and cryptocurrencies.

Get $10 towards your purchase of stock by signing up for an account with eToro today.

Open eToro Account
eToro securities trading is offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. https://www.wallstreetzen.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

Step 2: Create a brokerage account

Now that you've picked the best brokerage, you need to fill out some personal details so you can buy IR stock today.

How to Set Up a New Investment Account on eToro

  1. Click here to get started.
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
  2. Provide your personal details to open your new brokerage account.
  1. Send your information by hitting the "Create Account" button.
  2. Get started with eToro today
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 3: Put funds into your brokerage account

Now that you've finished signing up on investing apps, you need to deposit funds:

Watch this video walkthrough for more details transferring money into your new investment account.

Get started with eToro today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 4: Research Ingersoll Rand stock

After you have chosen the best place to buy Ingersoll Rand stock, it's very important to research their stock before you invest, so you actually comprehend the risk and upside.

Ingersoll Rand quick stats

IR Price
$94.74
1w %
5.58%
1y %
50.79%
5y %
186.31%
P/E
47.13x
P/B
3.88x
P/S
5.53x
PEG
2.08x
Revenue
$6.92B
Earnings
$819.80M
Fore. Rev. Growth
4.91%
Fore. Earn. Growth
22.64%
Market Cap
$38.22B
Next Earnings
Jul 31, 2024
Next Dividend
N/A

Ingersoll Rand Due Diligence Checks

WallStreetZen was built to help average investors perform more in-depth fundamental analysis in less time.

You can see all of the due diligence checks on IR's stock page.

What is the fair value of IR stock?

Investors use many financial metrics, analyses, models, and charts to gauge IR's true value.

Using relative valuations methods:

  • IR may be overvalued based on its P/E ratio of 47.13x, relative to Specialty Industrial Machinery industry P/E ratio of 26.09x
  • IR could be undervalued based on its P/B ratio of 3.88x, relative to Specialty Industrial Machinery industry P/B ratio of 5.08x
  • IR could be overvalued based on its PEG ratio of 2.08x

You can access additional valuation research on IR's stock here.

IR Financial Summary

Passed Financial Due Diligence Checks:

  • There are more short-term assets than short-term liabilities on the IR balance sheet.
  • IR earnings of $1.22B is not sufficient to cover its interest payments.
  • There are more short-term assets than long-term liabilities on the IR balance sheet.
  • IR's operating cash flow of $1.37B allows it to safely service it's debt of $2.72B.
  • IR profit margin has gone up from 10.7% to 11.9% in the past year.
  • Total IR debt is lower than 5 years ago, relative to shareholder equity.

Failed Financial Due Diligence Checks:

  • IR has a relatively high debt to equity ratio of 0.57.

Is it a good time to buy IR stock, according to Wall Street analysts?

Out of 10 Equities analysts who monitor IR, the consensus analyst rating on Ingersoll Rand is a Strong Buy

It's important to keep in mind that analyst forecasts are not recommendations, nor are they investment advice.

Latest IR Analyst Upgrades/Downgrades

Andrew Buscaglia, a top 21% analyst from Andrew Buscaglia initiates coverage on IR with a hold rating and announces their IR price target of $92.00, on Mar 12, 2024.

Joe Ritchie, a top 7% analyst from Goldman Sachs maintains IR with a strong buy rating and raises their IR price target from $87.00 to $97.00, on Feb 21, 2024.

Joe O'Dea, a top 19% analyst from Wells Fargo maintains IR with a strong buy rating and raises their IR price target from $83.00 to $100.00, on Feb 20, 2024.

Wells Fargo's Joe O'Dea raised their price target on Ingersoll Rand (NYSE: IR) by 20.5% from $83 to $100 on 2024/02/20. The analyst maintained their Strong Buy rating on the stock.

In an assessment of Ingersoll Rand's 2024/02/15-dated Q4 and FY 2023 earnings report, O'Dea acknowledged that the quarter's momentum helped boost management's initial 2024 EPS guidance above their expectations.

Wells Fargo believes that Ingersoll Rand's prospects for organic growth are modest but that positive annual surprises of 400+ bps to 500 bps from yearly M&A accretions are still on the horizon, the analyst told readers.

David Raso, a top 18% analyst from Evercore ISI Group downgrades IR to a hold rating and raises their IR price target from $81.00 to $89.00, on Feb 20, 2024.

Jonathan Sakraida, an analyst from CFRA maintains IR with a hold rating and raises their IR price target from $68.00 to $85.00, on Feb 16, 2024.

You can dig deeper into what analysts are projecting on the Ingersoll Rand stock forecast page.

IR Technical Indicators

SMA10
90.76
SMA20
92.26
SMA50
91.81
SMA100
89.98
SMA200
79.54
MACD
-0.17
MACD Signal
-0.24
MACD Histogram
0.07
RSI
58.15
Stochastic %K
56.45
Stochastic %D
40.19
StochRSI %K
57.71
StochRSI %D
38.52

IR Earnings

Last year, IR earnings were $819.80M. Over the last five year, IR's earnings have increased by 8.13% per year. This was faster than the Specialty Industrial Machinery industry average of 0.14%.

Last year, IR revenue was $6.92B. Over the past five year, IR's revenue has increased by 20.79% per year. This was faster than the Specialty Industrial Machinery industry average of 4.01%.

Dig into IR's earnings and revenue performance here.

Who is buying/selling IR?

Over the past 12 months, executives and large shareholders at IR have sold more shares than they have bought.

Vicente Reynal, Title Chairman President and Chief Executive Officer of IR, was the latest IR insider to sell. They sold $228,630.48 worth of IR shares on Jun 4, 2024.

Research more about who owns IR shares here.

Does IR provide a stable income stream?

Ingersoll Rand pays a dividend of 0.08%, compared to the Specialty Industrial Machinery industry's average dividend yield of 1.25%. If you owned $1,000 worth of IR stock, you would have received $0.84 last year.

Get more data about Ingersoll Rand dividend yield and history here.

What others are saying about IR

One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.

Click below to find out what other traders have to say.

Step 5: Place your IR buy order

There are two primary order types:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are usually the best for newer investors.
  • Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
    If you want to be certain you're buying or selling at an exact dollar amount limit, place a limit order.

Click the Open button and eToro will place your order.

If you want more info about investing in stocks on eToro, watch the helpful video below:

Open eToro Account

Step 6: Keep an eye on your IR investment

Now that you own some shares in IR, you'll want to stay up-to-date on your company.

Put IR on a watchlist to get alerted to the latest events about your IR stock.

IR Feed

How to Buy Stock in Ingersoll Rand

To reiterate, here are the 6 steps for buying Ingersoll Rand stock:

  1. Choose where to buy Ingersoll Rand stock
  2. Create a brokerage account
  3. Put funds into your brokerage account
  4. Research Ingersoll Rand stock
  5. Place your IR buy order
  6. Keep an eye on your IR investment

If you require a place to buy stocks, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to track your new investment in Ingersoll Rand, hit the button below to create your watchlist.

NYSE: IR
$94.74+3.36 (+3.68%)
Updated Jun 12, 2024
Open eToro Account
NYSE: IR
$94.74+3.36 (+3.68%)
Updated Jun 12, 2024
Open eToro Account

FAQ

How much does it cost to buy one Ingersoll Rand share?

As of Jun 12, 2024, it costs $94.74 to buy one share of Ingersoll Rand stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.106 shares of IR.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Ingersoll Rand stock?

According to 10 Wall Street analysts who monitor Ingersoll Rand, their consensus recommendation is to buy Ingersoll Rand stock.

What is the best way to buy Ingersoll Rand stock?

One way to place an order for Ingersoll Rand stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.