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Ingersoll Rand

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.

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U.S. stock markets have maintained their northward journey in 2024 after an astonishing rally in 2023. The bull run has gained further thrust as major stock indexes have posted multiple all-time highs on both intraday and closing basis so far this year.

Oldies Are Golden: Buy These 5 Surging Old Economy Stocks

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Ingersoll Rand (NYSE:IR) makes a strategic move with the acquisition of ILC Dover, marking a significant expansion into biopharmaceutical, pharmaceutical, and medical device markets. With an upfront cash purchase price of $2.325 billion and potential earnouts, this deal positions Ingersoll Rand to strengthen its presence in key industries, enhancing its life sciences platform and bolstering revenue projections to $400 million by 2024.

Ingersoll Rand Dives Deep Into Life Sciences With ~$2.3B ILC Dover Acquisition

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As of Nov. 20, 2023, four stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

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Shares of Ingersoll Rand Inc (NYSE: IR) recovered slightly on Tuesday, after the downturn last week.

Why This Ingersoll Rand Analyst Turned Bullish

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The Russell 2000 small-cap index (NYSEARCA: IWM) is the laggard index 2023, trading up just 11.98%.

More Upside For 3 Small-Cap Leaders In The Russell 2000 Index

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The S&amp;P 500 closed lower for the third consecutive session on Wednesday. Investors, meanwhile, focused on some notable insider trades.

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Chart Industries, Inc. (NYSE: GTLS) shares are trading higher Monday after the company announced it signed a definitive agreement with Ingersoll Rand (NYSE: IR) to sell its Roots business 

Why Chart Industries Stock Is Moving

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Chart Industries Inc (NYSE: GTLS) has signed a definitive agreement 

Chart Industries Divests Roots Business To Ingersoll Rand For $300M

Ingersoll Rand Inc

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IFC CAPITAL TR VI 8.70% by IFC Capital Trust VI

Ingersoll Rand's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IR#NYSE">IR</a>) short percent of float has risen 7.81% since its last report. The company recently reported that it has 10.38 million shares sold short, which is 2.9% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.39 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Ingersoll Rand Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720106112_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Ingersoll Rand has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Ingersoll Rand's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Ingersoll Rand's peer group average for short interest as a percentage of float is 3.21%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Looking Into Ingersoll Rand's Recent Short Interest

U.S. stock markets have maintained their northward journey in 2024 after an astonishing rally in 2023. The bull run has gained further thrust as major stock indexes have posted multiple all-time highs on both intraday and closing basis so far this year. Year to date, the three major stock indexes &mdash; the Dow, the S&amp;P 500 and the Nasdaq Composite &mdash; have advanced 2.8%, 14.8% and 20.9%.
However, the major driver of last year&#39;s and this year&#39;s rally was globally booming artificial intelligence, especially generative AI. Companies that have extensive application of AI in their final products have become multi-baggers in the past 18 months. Stock prices of some of these companies have skyrocketed 200-300% during this period.
Meanwhile, market participants have other sectors to look into. Several old economy stocks from sectors such as industrials, finance, auto, materials and consumer defensive have popped year to date.
Investing in these untapped stocks with a favorable Zacks Rank should lead to profits. These old economy stocks have transformed the ongoing rally into a broad-based one with huge opportunities for portfolio diversification. &nbsp;
<h3>Our Top Picks</h3>
We have narrowed our search to five old economy stocks that have provided more returns than the market&#39;s benchmark &mdash; the S&amp;P 500 Index &mdash; year to date, and have further upside left.
These stocks have seen positive earnings estimate revisions in the last 60 days. Each of our picks carries either a Zacks Rank #1 (Strong Buy) or 2 (Buy).
The chart below shows the price performance of our five picks year to date.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/9d/69021.jpg?v=65259724" /> 
Image Source: Zacks Investment Research
The Goldman Sachs Group Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gs#NYSE">GS</a>) intends to refocus on the core strengths of investment banking (IB) and trading businesses. Improvement in global deal-making and underwriting activities and GS&#39; leading position are likely to offer leverage and drive IB fees. We expect the metric to grow 8.8% in 2024. Also, the decent liquidity of GS aids sustainable capital distribution.
Zacks Rank #1 The Goldman Sachs Group has an expected revenue and earnings growth rate of 11.8% and 59.9%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 11.5% over the last 60 days. The stock price of GS has advanced 16.7% year to date.
Wells Fargo &amp; Co.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wfc#NYSE">WFC</a>) first-quarter 2024 results show improvement in non-interest income and a decline in provisions. Progress on efficiency initiatives, such as branch footprint reduction, will continue to support expense reduction and drive WFC&#39;s bottom line.
A decent deposit balance will keep supporting WFC&#39;s financials, given the strength in the consumer banking and lending segment and will aid its liquid profile. Additionally, WFC&#39;s strong liquidity position will support its capital distribution activities.
Zacks Rank #2 Wells Fargo has an expected revenue and earnings growth rate of 1.4% and 9.6%, respectively, for next year. The Zacks Consensus Estimate for next-year earnings has improved 0.2% over the last seven days. The stock price of WFC has appreciated 18.4% year to date.
Walmart Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wmt#NYSE">WMT</a>) has been gaining from its highly diversified business with contributions from various segments, channels and formats. WMT has been benefiting from an increase in in-store and digital channel traffic due to its robust omnichannel initiatives. Store-fulfilled delivery sales jumped 50% in the first quarter of fiscal 2025.
Walmart&#39;s strategic focus on enhancing delivery services has also been rewarding, as evidenced by the constant increase in the market share for groceries. Upsides like these, along with growth in the advertising business, fueled WMT&#39;s first-quarter results and led to an encouraging fiscal 2025 view.
Zacks Rank #2 Walmart has an expected revenue and earnings growth rate of 4.2% and 9%, respectively, for the current year (ending January 2025). The Zacks Consensus Estimate for current-year earnings has improved 2.5% over the last 30 days. The stock price of WMT has jumped 28.3% year to date.
Crane Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cr#NYSE">CR</a>) manufactures and sells engineered industrial products in the Americas, Europe, the Middle East, Asia, and Australia. CR has three segments: Aerospace &amp; Electronics, Process Flow Technologies, and Engineered Materials.
Zacks Rank #2 Crane has an expected revenue and earnings growth rate of 9.9% and 16.3%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.8% over the last 30 days. The stock price of CR has surged 20% year to date.
Ingersoll Rand Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ir#NYSE">IR</a>) is set to gain from a healthy demand environment, solid product portfolio and innovation capabilities. Higher orders for industrial vacuums and blowers are driving the growth of IR&#39;s Industrial Technologies &amp; Services unit.
Benefits from acquired assets are driving the segment&#39;s performance, of late. IR&#39;s ability to generate strong cash flows supports its measures to reward shareholders through dividends and share buybacks.
Zacks Rank #2 Ingersoll Rand has an expected revenue and earnings growth rate of 5.4% and 10.5%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.9% over the last 30 days. The stock price of IR has climbed 20.7% year to date.
<a href="https://www.zacks.com/stock/news/2289690/oldies-are-golden-buy-these-5-surging-old-economy-stocks?cid=CS-BENZ-FT-analyst_blog|investment_ideas-2289690">To read this article on Zacks.com click here.</a>

Ingersoll Rand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IR#NYSE">IR</a>) has outperformed the market over the past 5 years by 9.0% on an annualized basis producing an average annual return of 22.08%. Currently, Ingersoll Rand has a market capitalization of $36.92 billion. 
Buying $1000 In IR: If an investor had bought $1000 of IR stock 5 years ago, it would be worth $2,650.04 today based on a price of $91.46 for IR at the time of writing.
<h3>Ingersoll Rand's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1718638214_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Ingersoll Rand Stock In The Last 5 Years

Ingersoll Rand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IR#NYSE">IR</a>) has outperformed the market over the past 5 years by 8.12% on an annualized basis producing an average annual return of 21.19%. Currently, Ingersoll Rand has a market capitalization of $35.80 billion. 
Buying $100 In IR: If an investor had bought $100 of IR stock 5 years ago, it would be worth $259.20 today based on a price of $88.70 for IR at the time of writing.
<h3>Ingersoll Rand's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1717704142_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Ingersoll Rand 5 Years Ago Would Be Worth This Much Today

Ingersoll Rand Acquires Complete Air And Power Solutions, Del PD Pumps & Gear And Fruvac For Combined Purchase Price Of ~$150M

Ingersoll Rand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IR#NYSE">IR</a>) has outperformed the market over the past 5 years by 8.38% on an annualized basis producing an average annual return of 21.12%. Currently, Ingersoll Rand has a market capitalization of $36.72 billion. 
Buying $1000 In IR: If an investor had bought $1000 of IR stock 5 years ago, it would be worth $2,582.43 today based on a price of $91.01 for IR at the time of writing.
<h3>Ingersoll Rand's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715625014_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Ingersoll Rand 5 Years Ago Would Be Worth This Much Today

Ingersoll Rand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IR#NYSE">IR</a>) has outperformed the market over the past 5 years by 8.47% on an annualized basis producing an average annual return of 20.86%. Currently, Ingersoll Rand has a market capitalization of $35.70 billion. 
Buying $1000 In IR: If an investor had bought $1000 of IR stock 5 years ago, it would be worth $2,646.72 today based on a price of $88.48 for IR at the time of writing.
<h3>Ingersoll Rand's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715029246_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Ingersoll Rand 5 Years Ago Would Be Worth Today

Barclays analyst Julian Mitchell maintains Ingersoll Rand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IR#NYSE">IR</a>) with a Overweight and lowers the price target from $105 to $104.

Barclays Maintains Overweight on Ingersoll Rand, Lowers Price Target to $104

Wells Fargo analyst Joseph O'Dea maintains Ingersoll Rand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IR#NYSE">IR</a>) with a Overweight and lowers the price target from $105 to $98.

Wells Fargo Maintains Overweight on Ingersoll Rand, Lowers Price Target to $98

Ingersoll Rand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IR#NYSE">IR</a>) underwent analysis by 9 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $99.0, a high estimate of $112.00, and a low estimate of $85.00. Marking an increase of 7.9%, the current average surpasses the previous average price target of $91.75. 
<img src="https://www.benzinga.com/files/images/story/2024/1714996839_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The standing of Ingersoll Rand among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Halloran</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$109.00</td>
<td>$107.00</td>
</tr>
<tr>
<td>Andrew Kaplowitz</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$112.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$105.00</td>
<td>$101.00</td>
</tr>
<tr>
<td>Nathan Jones</td>
<td>Stifel</td>
<td>Maintains</td>
<td>Buy</td>
<td>$102.00</td>
<td>$102.00</td>
</tr>
<tr>
<td>Andrew Buscaglia</td>
<td>Andrew Buscaglia</td>
<td>Announces</td>
<td>Neutral</td>
<td>$92.00</td>
<td>-</td>
</tr>
<tr>
<td>Joe Ritchie</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$97.00</td>
<td>$87.00</td>
</tr>
<tr>
<td>Joe O'Dea</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$100.00</td>
<td>$83.00</td>
</tr>
<tr>
<td>David Raso</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$89.00</td>
<td>$81.00</td>
</tr>
<tr>
<td>Jonathan Sakraida</td>
<td>CFRA</td>
<td>Raises</td>
<td>Hold</td>
<td>$85.00</td>
<td>$68.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Ingersoll Rand. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Ingersoll Rand compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Ingersoll Rand's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Ingersoll Rand's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/IR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Ingersoll Rand analyst ratings.</a>
<h2>Delving into Ingersoll Rand's Background</h2>
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.
<h3>Ingersoll Rand's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Decline in Revenue: Over the 3 months period, Ingersoll Rand faced challenges, resulting in a decline of approximately -8.31% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: Ingersoll Rand's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 12.11%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Ingersoll Rand's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 2.06%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Ingersoll Rand's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 1.3%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Ingersoll Rand's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.28.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings For Ingersoll Rand

Baird analyst Michael Halloran maintains Ingersoll Rand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IR#NYSE">IR</a>) with a Outperform and raises the price target from $107 to $109.

Baird Maintains Outperform on Ingersoll Rand, Raises Price Target to $109

WIIM

Ingersoll Rand shares are trading lower following mixed Q1 results.

Ingersoll Rand Maintains FY24 Organic Revenue Growth Guidance Range Of 2% To 4%; Raises Adjusted EPS Guidance From 	
$3.14-$3.24 To $3.20-$3.30, Est $3.21

This increase is incremental to the amount remaining on the existing&nbsp;$750 million&nbsp;authorization, which is expected to be exhausted by the end of 2024.&nbsp;

Buybacks

Ingersoll Rand Authorizes $1B Increase To Share Repurchase Program

Ingersoll Rand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IR#NYSE">IR</a>) reported quarterly Adj earnings of $0.78 per share which beat the analyst consensus estimate of $0.69 by 13.04 percent. This is a 20 percent increase over earnings of $0.65 per share from the same period last year. The company reported quarterly sales of $1.670 billion which missed the analyst consensus estimate of $1.700 billion by 1.74 percent. This is a 2.50 percent increase over sales of $1.629 billion the same period last year.

Earnings Beats

Earnings Misses

Ingersoll Rand Q1 2024 Adj EPS $0.78 Beats $0.69 Estimate, Sales $1.670B Miss $1.700B Estimate

Ingersoll Rand's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IR#NYSE">IR</a>) short percent of float has risen 12.8% since its last report. The company recently reported that it has 5.68 million shares sold short, which is 1.85% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.67 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Ingersoll Rand Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714405517_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Ingersoll Rand has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Ingersoll Rand's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Ingersoll Rand's peer group average for short interest as a percentage of float is 3.31%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

The Board of Directors of Ingersoll Rand Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IR#NYSE">IR</a>), a global provider of mission-critical flow creation and industrial solutions, declared today a regular quarterly cash dividend of $0.02 (two cents) per share of common stock, payable on June 6, 2024, to stockholders of record on May 16, 2024.
Ingersoll Rand's Board of Directors also approved an incremental $1 billion increase to the share repurchase authorization. Aligned with the company's previously communicated capital allocation strategy, Ingersoll Rand estimates it will fully utilize the remainder of the existing $750 million repurchase authorization by the end of fiscal year 2024. The additional share repurchase authorization is consistent with the company's holistic capital allocation philosophy and focus on shareholder value creation.
Under the repurchase program, Ingersoll Rand may from time to time repurchase shares of its common stock in the open market at prevailing market prices (including through Rule 10b5-1 plans), in privately negotiated transactions, a combination thereof, or through other transactions. The actual timing, number, manner, and value of any shares repurchased will depend on several factors, including the market price of Ingersoll Rand's stock, general market and economic conditions, the company's liquidity requirements, applicable legal requirements, and other business considerations.

Ingersoll Rand Approved An Incremental $1B Increase To The Share Repurchase Authorization; Aligned With The Co's Previously Communicated Capital Allocation Strategy, Ingersoll Rand Estimates It Will Fully Utilize The Remainder Of The Existing $750M Repurchase Authorization By The End Of FY24

Ingersoll Rand's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IR#NYSE">IR</a>) short percent of float has risen 3.14% since its last report. The company recently reported that it has 5.02 million shares sold short, which is 1.64% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.06 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Ingersoll Rand Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712934019_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Ingersoll Rand has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Ingersoll Rand's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Ingersoll Rand's peer group average for short interest as a percentage of float is 3.37%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Ingersoll Rand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IR#NYSE">IR</a>) has outperformed the market over the past 5 years by 15.48% on an annualized basis producing an average annual return of 27.57%. Currently, Ingersoll Rand has a market capitalization of $37.36 billion. 
Buying $100 In IR: If an investor had bought $100 of IR stock 5 years ago, it would be worth $339.79 today based on a price of $92.61 for IR at the time of writing.
<h3>Ingersoll Rand's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712757624_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Ingersoll Rand CEO Sells Shares, Retains Major Stake

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