Ingersoll-Rand (IR) Receives Daily Media Impact Rating of 0.08

Media headlines about Ingersoll-Rand (NYSE:IR) have trended somewhat positive recently, according to Accern. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ingersoll-Rand earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 46.6741183897819 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:

Shares of Ingersoll-Rand stock opened at $100.93 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 1.30 and a debt-to-equity ratio of 0.55. The firm has a market cap of $24.43 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 1.55 and a beta of 1.34. Ingersoll-Rand has a 12 month low of $79.63 and a 12 month high of $101.53.

Ingersoll-Rand (NYSE:IR) last announced its quarterly earnings data on Wednesday, July 25th. The industrial products company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.72 by $0.13. The business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.21 billion. Ingersoll-Rand had a return on equity of 18.11% and a net margin of 9.28%. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.49 earnings per share. sell-side analysts anticipate that Ingersoll-Rand will post 5.54 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 7th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, September 6th. This represents a $2.12 annualized dividend and a yield of 2.10%. This is a positive change from Ingersoll-Rand’s previous quarterly dividend of $0.45. Ingersoll-Rand’s dividend payout ratio (DPR) is currently 39.91%.

IR has been the subject of a number of analyst reports. Zacks Investment Research raised Ingersoll-Rand from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a research note on Thursday, June 21st. Barclays raised their price target on Ingersoll-Rand from $115.00 to $117.00 and gave the stock an “overweight” rating in a research note on Thursday, August 9th. Argus raised their price target on Ingersoll-Rand from $100.00 to $114.00 and gave the stock a “buy” rating in a research note on Tuesday, July 31st. Wolfe Research assumed coverage on Ingersoll-Rand in a research note on Wednesday, June 27th. They issued an “outperform” rating for the company. Finally, Cowen assumed coverage on Ingersoll-Rand in a research note on Tuesday, June 19th. They issued an “outperform” rating and a $111.00 price target for the company. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Ingersoll-Rand has an average rating of “Buy” and a consensus price target of $108.00.

In other news, SVP Marcia J. Avedon sold 10,460 shares of the firm’s stock in a transaction on Monday, June 11th. The stock was sold at an average price of $92.00, for a total transaction of $962,320.00. Following the completion of the transaction, the senior vice president now directly owns 113,288 shares in the company, valued at $10,422,496. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jared L. Cohon sold 2,663 shares of the firm’s stock in a transaction on Thursday, July 26th. The shares were sold at an average price of $97.30, for a total value of $259,109.90. Following the transaction, the director now owns 24,153 shares of the company’s stock, valued at $2,350,086.90. The disclosure for this sale can be found here. Insiders have sold 37,021 shares of company stock valued at $3,525,936 in the last three months. 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.

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