News coverage about Ingersoll-Rand (NYSE:IR) has trended somewhat positive on Wednesday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ingersoll-Rand earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 46.5317857079219 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment’s analysis:
Several equities analysts recently issued reports on IR shares. Stifel Nicolaus reduced their price target on shares of Ingersoll-Rand from $103.00 to $101.00 and set a “buy” rating on the stock in a research report on Thursday, October 26th. Robert W. Baird reissued a “hold” rating on shares of Ingersoll-Rand in a research note on Friday, November 17th. Zacks Investment Research raised shares of Ingersoll-Rand from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a research note on Monday, January 22nd. KeyCorp reissued a “hold” rating on shares of Ingersoll-Rand in a research note on Sunday, November 19th. Finally, Morgan Stanley lowered shares of Ingersoll-Rand from an “overweight” rating to an “equal weight” rating and set a $98.00 price objective on the stock. in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $102.92.
Ingersoll-Rand (NYSE IR) traded down $0.24 on Wednesday, hitting $90.02. 212,021 shares of the stock traded hands, compared to its average volume of 1,883,043. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 0.95. Ingersoll-Rand has a 1 year low of $77.26 and a 1 year high of $97.67. The stock has a market capitalization of $22,717.44, a PE ratio of 20.11, a price-to-earnings-growth ratio of 1.95 and a beta of 1.33.
Ingersoll-Rand (NYSE:IR) last released its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.01). Ingersoll-Rand had a net margin of 9.17% and a return on equity of 16.91%. The company had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.52 billion. During the same period in the previous year, the firm earned $0.84 earnings per share. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. equities analysts predict that Ingersoll-Rand will post 5.17 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.80 dividend on an annualized basis and a yield of 2.00%. Ingersoll-Rand’s dividend payout ratio is currently 35.50%.
In other Ingersoll-Rand news, Chairman Michael W. Lamach sold 210,508 shares of the company’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 transaction of $18,583,646.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jared L. Cohon sold 2,350 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.40, for a total transaction of $217,140.00. Following the sale, the director now directly owns 25,766 shares of the company’s stock, valued at $2,380,778.40. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by corporate insiders.
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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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