Somewhat Positive Media Coverage Somewhat Unlikely to Affect Ingersoll-Rand PLC (Ireland) (IR) Share Price
News stories about Ingersoll-Rand PLC (Ireland) (NYSE:IR) have trended somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ingersoll-Rand PLC (Ireland) earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 45.8840717044575 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Ingersoll Rand : Stock Performance Review on Machinery Industry — Dover, Eaton, Gardner Denver, and Ingersoll Rand (4-traders.com)
- Robert W. Baird Analysts Give Ingersoll-Rand PLC (Ireland) (IR) a $98.00 Price Target (americanbankingnews.com)
- Ingersoll-Rand PLC (Ireland) (IR) Receives “Buy” Rating from Stifel Nicolaus (americanbankingnews.com)
- Ingersoll-Rand PLC (Ireland) (IR) Expected to Announce Quarterly Sales of $3.72 Billion (americanbankingnews.com)
- Ingersoll Rand’s Environmental, Social and Governance Performance Earns Selection in FTSE4Good Index for Third Year (finance.yahoo.com)
Ingersoll-Rand PLC (IR) opened at 85.53 on Thursday. The company’s 50-day moving average price is $88.59 and its 200 day moving average price is $86.04. Ingersoll-Rand PLC has a 12 month low of $62.40 and a 12 month high of $94.39. The firm has a market capitalization of $21.70 billion, a PE ratio of 21.23 and a beta of 1.31.
Ingersoll-Rand PLC (Ireland) (NYSE:IR) last announced its earnings results on Wednesday, July 26th. The industrial products company reported $1.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.03. Ingersoll-Rand PLC (Ireland) had a net margin of 7.60% and a return on equity of 16.64%. The business had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter last year, the firm earned $1.38 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities research analysts predict that Ingersoll-Rand PLC will post $4.54 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be paid a dividend of $0.45 per share. This is an increase from Ingersoll-Rand PLC (Ireland)’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, September 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.10%. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio (DPR) is currently 39.80%.
Several research analysts have recently weighed in on the company. Stifel Nicolaus reaffirmed a “buy” rating on shares of Ingersoll-Rand PLC (Ireland) in a research report on Thursday, August 24th. Robert W. Baird set a $98.00 price objective on Ingersoll-Rand PLC (Ireland) and gave the stock a “hold” rating in a research report on Thursday, August 24th. UBS AG set a $97.00 price objective on Ingersoll-Rand PLC (Ireland) and gave the stock a “buy” rating in a research report on Thursday, July 27th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $93.00 price objective (up from $90.00) on shares of Ingersoll-Rand PLC (Ireland) in a research report on Thursday, July 27th. Finally, Zacks Investment Research cut Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. Ingersoll-Rand PLC (Ireland) presently has a consensus rating of “Hold” and an average price target of $97.50.
In related news, EVP Didier P. Teirlinck sold 26,174 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $86.10, for a total transaction of $2,253,581.40. Following the completion of the sale, the executive vice president now owns 131,129 shares of the company’s stock, valued at $11,290,206.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul A. Camuti sold 6,960 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $89.90, for a total transaction of $625,704.00. Following the sale, the insider now directly owns 64,979 shares of the company’s stock, valued at approximately $5,841,612.10. The disclosure for this sale can be found here. Insiders have sold 35,634 shares of company stock valued at $3,099,360 in the last ninety days. Insiders own 0.65% of the company’s stock.
About Ingersoll-Rand PLC (Ireland)
Ingersoll-Rand Public Limited Company provides products, services and solutions to improve the quality and comfort of air in homes and buildings, transport and protect food and perishables. The Company’s business segments include Climate and Industrial. It is engaged in the design, manufacture, sale and service of a portfolio of industrial and commercial products that include brand names, such as Ingersoll-Rand, Trane, American Standard, ARO and Club Car.
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