Media stories about Ingersoll-Rand PLC (NYSE:IR) have been trending somewhat positive this week, AlphaOne Sentiment reports. AlphaOne, a unit of Accern, identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ingersoll-Rand PLC earned a daily sentiment score of 0.12 on AlphaOne’s scale. AlphaOne also gave news coverage about the industrial products company an impact score of 91 out of 100, indicating that recent news coverage is extremely likely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted AlphaOne Sentiment Analysis’s analysis:
- ETFs with exposure to Ingersoll-Rand Plc : May 19, 2017 (finance.yahoo.com)
- Ingersoll-Rand PLC (IR) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- Keeping Tabs on Shares of Ingersoll-Rand Plc (NYSE:IR) – Business Daily (oxfordbusinessdaily.com)
- Inside the Numbers on Shares of Ingersoll-Rand Plc (NYSE:IR) – Business Daily (oxfordbusinessdaily.com)
- Trump administration wants to make America more competiti… (finance.yahoo.com)
IR has been the topic of several research reports. Credit Suisse Group AG restated a “buy” rating and issued a $84.00 price target on shares of Ingersoll-Rand PLC in a research report on Tuesday, April 11th. Wells Fargo & Co upgraded shares of Ingersoll-Rand PLC from a “market perform” rating to an “outperform” rating in a research report on Monday, March 20th. Stifel Nicolaus boosted their price objective on shares of Ingersoll-Rand PLC from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, April 27th. Jefferies Group LLC reiterated a “buy” rating and set a $90.00 price objective on shares of Ingersoll-Rand PLC in a research report on Friday, March 31st. Finally, Zacks Investment Research upgraded shares of Ingersoll-Rand PLC from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a research report on Wednesday, April 5th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $93.00.
Shares of Ingersoll-Rand PLC (NYSE:IR) opened at 89.24 on Friday. The stock’s 50 day moving average is $85.82 and its 200-day moving average is $79.67. Ingersoll-Rand PLC has a 52 week low of $59.10 and a 52 week high of $90.18. The stock has a market capitalization of $22.85 billion, a price-to-earnings ratio of 16.21 and a beta of 1.31.
Ingersoll-Rand PLC (NYSE:IR) last announced its quarterly earnings results on Wednesday, April 26th. The industrial products company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.04. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $2.94 billion. Ingersoll-Rand PLC had a return on equity of 16.70% and a net margin of 10.93%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.50 earnings per share. On average, analysts anticipate that Ingersoll-Rand PLC will post $4.51 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 9th will be paid a dividend of $0.40 per share. The ex-dividend date is Wednesday, June 7th. This represents a $1.60 annualized dividend and a yield of 1.81%. Ingersoll-Rand PLC’s dividend payout ratio is presently 28.42%.
In other Ingersoll-Rand PLC news, EVP Didier P. Teirlinck sold 6,000 shares of the company’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $80.87, for a total transaction of $485,220.00. Following the completion of the sale, the executive vice president now directly owns 128,776 shares in the company, valued at $10,414,115.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Keith A. Sultana sold 1,046 shares of the stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $79.95, for a total value of $83,627.70. Following the completion of the sale, the insider now owns 10,573 shares of the company’s stock, valued at approximately $845,311.35. The disclosure for this sale can be found here. Insiders have sold 17,046 shares of company stock valued at $1,464,148 over the last 90 days. 0.65% of the stock is currently owned by insiders.
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About Ingersoll-Rand PLC
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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