Press coverage about Ingersoll-Rand PLC (Ireland) (NYSE:IR) has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ingersoll-Rand PLC (Ireland) earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 46.0122909668054 out of 100, meaning that recent media 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 headlines that may have effected Accern Sentiment Analysis’s rankings:
Several equities analysts recently weighed in on the company. ValuEngine lowered Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research upgraded Ingersoll-Rand PLC (Ireland) from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. Morgan Stanley boosted their price objective on Ingersoll-Rand PLC (Ireland) from $94.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, September 25th. Bank of America lowered Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “neutral” rating and set a $96.00 price objective for the company. in a research note on Tuesday, October 17th. Finally, Royal Bank of Canada cut their price objective on Ingersoll-Rand PLC (Ireland) from $93.00 to $91.00 and set a “sector perform” rating for the company in a research note on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $99.18.
Shares of Ingersoll-Rand PLC (IR) traded down $0.89 during midday trading on Friday, reaching $91.10. The company’s stock had a trading volume of 1,733,957 shares, compared to its average volume of 1,351,824. Ingersoll-Rand PLC has a 52 week low of $75.20 and a 52 week high of $96.23. The company has a current ratio of 1.24, a quick ratio of 0.89 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $22,985.35, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 1.97 and a beta of 1.35.
Ingersoll-Rand PLC (Ireland) (NYSE:IR) last posted its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.01. The business had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.71 billion. Ingersoll-Rand PLC (Ireland) had a return on equity of 16.65% and a net margin of 7.47%. The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.41 earnings per share. analysts predict that Ingersoll-Rand PLC will post 4.51 EPS for the current fiscal year.
In other news, SVP Paul A. Camuti sold 14,097 shares of the stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $95.00, for a total transaction of $1,339,215.00. Following the completion of the sale, the senior vice president now owns 66,439 shares in the company, valued at $6,311,705. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Michael W. Lamach sold 210,508 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $88.28, for a total transaction of $18,583,646.24. The disclosure for this sale can be found here. Insiders sold 235,065 shares of company stock worth $20,906,101 in the last three months. 0.63% of the stock is currently owned by corporate insiders.
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Ingersoll-Rand PLC (Ireland) 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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