Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Ingersoll-Rand (IR) Stock Price
News coverage about Ingersoll-Rand (NYSE:IR) has trended somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ingersoll-Rand earned a news impact score of 0.17 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 46.9792140772456 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- Ingersoll-Rand PLC (IR) Announces $0.45 Quarterly Dividend (americanbankingnews.com)
- Ingersoll-Rand (IR) Given New $105.00 Price Target at Argus (americanbankingnews.com)
- 3 Top Industrial Machinery Stocks to Buy – Motley Fool (fool.com)
- See the most Active Stock of Market— Ingersoll-Rand Plc (IR) – usstockjournal (usstockjournal.com)
- William Blair Analysts Boost Earnings Estimates for Ingersoll-Rand PLC (IR) (americanbankingnews.com)
Several research firms have issued reports on IR. Stifel Nicolaus raised their price target on shares of Ingersoll-Rand from $101.00 to $112.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Zacks Investment Research cut shares of Ingersoll-Rand from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Bank of America cut shares of Ingersoll-Rand from a “buy” rating to a “neutral” rating and set a $96.00 price target on the stock. in a research note on Tuesday, October 17th. UBS Group began coverage on shares of Ingersoll-Rand in a research note on Monday, January 22nd. They set a “buy” rating and a $105.00 price target on the stock. Finally, KeyCorp reaffirmed a “hold” rating on shares of Ingersoll-Rand in a research note on Sunday, November 19th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $102.92.
Ingersoll-Rand (NYSE:IR) last announced its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $1.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.01). The company had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.52 billion. Ingersoll-Rand had a return on equity of 16.91% and a net margin of 9.17%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.84 earnings per share. research analysts anticipate that Ingersoll-Rand will post 5.17 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.97%. Ingersoll-Rand’s payout ratio is 34.82%.
In related news, Chairman Michael W. Lamach sold 210,508 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $88.28, for a total value of $18,583,646.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.63% of the company’s stock.
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Ingersoll-Rand Company Profile
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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