Somewhat Favorable News Coverage Somewhat Unlikely to Affect Ingersoll-Rand (IR) Share Price

Headlines about Ingersoll-Rand (NYSE:IR) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ingersoll-Rand earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 47.9203598007749 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news articles that may have effected Accern’s rankings:

Shares of NYSE:IR traded down $0.63 during mid-day trading on Wednesday, reaching $90.26. The stock had a trading volume of 1,415,200 shares, compared to its average volume of 1,841,420. The company has a market capitalization of $22.71 billion, a price-to-earnings ratio of 20.01, a P/E/G ratio of 1.58 and a beta of 1.35. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.41 and a quick ratio of 0.99. Ingersoll-Rand has a twelve month low of $79.63 and a twelve month high of $97.67.

Ingersoll-Rand (NYSE:IR) last announced its earnings results on Wednesday, April 25th. The industrial products company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.62 by $0.08. The firm had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.19 billion. Ingersoll-Rand had a net margin of 8.96% and a return on equity of 17.03%. The business’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period last year, the company posted $0.57 EPS. equities research analysts expect that Ingersoll-Rand will post 5.29 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 8th will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, June 7th. This represents a $1.80 annualized dividend and a yield of 1.99%. Ingersoll-Rand’s dividend payout ratio (DPR) is currently 39.91%.

A number of research analysts have issued reports on IR shares. Royal Bank of Canada restated a “hold” rating and set a $99.00 target price on shares of Ingersoll-Rand in a research report on Tuesday, February 27th. Barclays initiated coverage on shares of Ingersoll-Rand in a research report on Thursday, February 15th. They issued an “overweight” rating and a $111.00 price target on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $106.00 price target on shares of Ingersoll-Rand in a research report on Friday, February 16th. Argus increased their price target on shares of Ingersoll-Rand to $105.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. Finally, Zacks Investment Research downgraded shares of Ingersoll-Rand from a “hold” rating to a “sell” rating in a research report on Tuesday, April 3rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. Ingersoll-Rand currently has an average rating of “Hold” and a consensus target price of $104.08.

In other Ingersoll-Rand news, insider Paul A. Camuti sold 1,678 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $85.15, for a total transaction of $142,881.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Paul A. Camuti sold 3,100 shares of the firm’s stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $90.00, for a total transaction of $279,000.00. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

About Ingersoll-Rand

Ingersoll-Rand plc designs, manufactures, sells, and services industrial and commercial products. It operates through Climate and Industrial segments. The Climate segment offers building management, bus, rail, and multi-pipe HVAC, control, container and cryogenic, diesel-powered, ductless, geothermal, package heating and cooling, rail and self-powered truck refrigeration, temporary heating and cooling, trailer refrigeration, unitary, and vehicle-powered truck refrigeration systems.

Insider Buying and Selling by Quarter for Ingersoll-Rand (NYSE:IR)

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