Positive Press Coverage Somewhat Unlikely to Impact Ingersoll-Rand PLC (Ireland) (IR) Share Price

Media coverage about Ingersoll-Rand PLC (Ireland) (NYSE:IR) has trended positive recently, according to Accern. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ingersoll-Rand PLC (Ireland) earned a coverage optimism score of 0.26 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 46.1020131954784 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news articles that may have impacted Accern’s scoring:

IR has been the topic of several research reports. Robert W. Baird set a $98.00 target price on Ingersoll-Rand PLC (Ireland) and gave the company a “hold” rating in a research report on Thursday, August 24th. Stifel Nicolaus restated a “buy” rating on shares of Ingersoll-Rand PLC (Ireland) in a research report on Thursday, August 24th. Royal Bank of Canada reduced their price objective on Ingersoll-Rand PLC (Ireland) from $93.00 to $91.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 26th. Citigroup lifted their price objective on Ingersoll-Rand PLC (Ireland) from $98.00 to $103.00 and gave the stock a “buy” rating in a research report on Monday, October 9th. Finally, Zacks Investment Research upgraded Ingersoll-Rand PLC (Ireland) from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $99.18.

Shares of Ingersoll-Rand PLC (NYSE IR) traded up $0.75 during trading on Wednesday, reaching $87.13. The company had a trading volume of 1,992,301 shares, compared to its average volume of 1,734,703. Ingersoll-Rand PLC has a 52-week low of $74.35 and a 52-week high of $96.23. The stock has a market capitalization of $21,943.40, a P/E ratio of 20.24, a price-to-earnings-growth ratio of 2.12 and a beta of 1.35. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.89 and a current ratio of 1.24.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last announced its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.44 EPS for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.01. Ingersoll-Rand PLC (Ireland) had a return on equity of 16.65% and a net margin of 7.47%. The firm had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter last year, the business posted $1.41 earnings per share. The firm’s revenue was up 2.9% compared to the same quarter last year. equities analysts predict that Ingersoll-Rand PLC will post 4.51 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be given a $0.45 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.80 dividend on an annualized basis and a yield of 2.07%. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio is currently 44.89%.

In other Ingersoll-Rand PLC (Ireland) news, SVP Paul A. Camuti sold 14,097 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $95.00, for a total value of $1,339,215.00. Following the sale, the senior vice president now owns 66,439 shares in the company, valued at $6,311,705. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Marcia J. Avedon sold 10,460 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $94.00, for a total value of $983,240.00. Following the completion of the sale, the insider now owns 111,637 shares in the company, valued at approximately $10,493,878. The disclosure for this sale can be found here. 0.63% of the stock is owned by 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.

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

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