Ingersoll-Rand PLC (Ireland) (IR) Given News Impact Rating of 0.17

News headlines about Ingersoll-Rand PLC (Ireland) (NYSE:IR) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ingersoll-Rand PLC (Ireland) earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 45.9377206775208 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the news stories that may have impacted Accern’s analysis:

IR has been the topic of several analyst reports. Stifel Nicolaus reduced their target price on shares of Ingersoll-Rand PLC (Ireland) from $103.00 to $101.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. Jefferies Group reaffirmed a “buy” rating and issued a $105.00 target price on shares of Ingersoll-Rand PLC (Ireland) in a report on Tuesday, September 12th. ValuEngine raised shares of Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Citigroup raised their target price on shares of Ingersoll-Rand PLC (Ireland) from $98.00 to $103.00 and gave the company a “buy” rating in a report on Monday, October 9th. Finally, Morgan Stanley cut shares of Ingersoll-Rand PLC (Ireland) from an “overweight” rating to an “equal weight” rating and set a $98.00 target price on the stock. in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. Ingersoll-Rand PLC (Ireland) has an average rating of “Hold” and an average target price of $99.18.

Shares of Ingersoll-Rand PLC (NYSE IR) traded down $0.61 during trading on Monday, reaching $89.77. 1,303,700 shares of the company’s stock traded hands, compared to its average volume of 1,735,416. The stock has a market capitalization of $22,430.00, a price-to-earnings ratio of 22.44, a P/E/G ratio of 2.18 and a beta of 1.35. Ingersoll-Rand PLC has a one year low of $74.35 and a one year high of $96.23. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 0.89.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last announced its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $1.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.01. The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.71 billion. Ingersoll-Rand PLC (Ireland) had a net margin of 7.47% and a return on equity of 16.65%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.41 earnings per share. sell-side analysts predict that Ingersoll-Rand PLC will post 4.51 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be paid a $0.45 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.80 annualized dividend and a yield of 2.01%. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio is currently 45.00%.

In other news, SVP Paul A. Camuti sold 14,097 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $95.00, for a total transaction of $1,339,215.00. Following the transaction, the senior vice president now directly owns 66,439 shares in the company, valued at $6,311,705. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Marcia J. Avedon sold 10,460 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $94.00, for a total transaction of $983,240.00. Following the transaction, the insider now owns 111,637 shares in the company, valued at $10,493,878. The disclosure for this sale can be found here. Corporate insiders own 0.63% of the company’s stock.

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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.

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