Ingersoll-Rand (IR) Given News Impact Rating of 1.71
Press coverage about Ingersoll-Rand (NYSE:IR) has trended somewhat positive on Friday, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of press coverage by monitoring more than 6,000 news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Ingersoll-Rand earned a daily sentiment score of 1.71 on their scale. InfoTrie also gave media stories about the industrial products company an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Ingersoll-Rand’s score:
- Zacks: Brokerages Anticipate Ingersoll-Rand PLC (IR) Will Announce Quarterly Sales of $3.84 Billion (americanbankingnews.com)
- Reviewing Fujitsu General (FGELF) & Ingersoll-Rand (IR) (americanbankingnews.com)
- $1.28 EPS Expected for Ingersoll-Rand PLC (IR) This Quarter (americanbankingnews.com)
- Is Ingersoll-Rand Plc (NYSE:IR) Gaining Momentum? Slope Reading Stands at 14.29807 – Riverdale Standard (riverdalestandard.com)
- Which Model Should You Consider When Valuing Ingersoll-Rand Plc (NYSE:IR)? (finance.yahoo.com)
IR has been the subject of several research analyst reports. Cowen reissued a “buy” rating and issued a $115.00 price objective on shares of Ingersoll-Rand in a research report on Monday, September 10th. UBS Group lifted their price objective on Ingersoll-Rand from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, August 30th. Citigroup lifted their price objective on Ingersoll-Rand from $117.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, October 25th. ValuEngine raised Ingersoll-Rand from a “hold” rating to a “buy” rating in a research report on Friday, November 16th. Finally, Robert W. Baird set a $106.00 target price on Ingersoll-Rand and gave the company a “hold” rating in a research note on Thursday, October 25th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Ingersoll-Rand has a consensus rating of “Buy” and an average target price of $110.43.
Ingersoll-Rand (NYSE:IR) last issued its earnings results on Wednesday, October 24th. The industrial products company reported $1.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.71 by $0.04. The company had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $4.02 billion. Ingersoll-Rand had a return on equity of 18.75% and a net margin of 10.03%. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the business posted $1.44 EPS. On average, sell-side analysts forecast that Ingersoll-Rand will post 5.58 earnings per share for the current fiscal year.
Ingersoll-Rand announced that its Board of Directors has approved a stock buyback plan on Wednesday, October 3rd that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the industrial products company to repurchase up to 6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 7th will be paid a $0.53 dividend. The ex-dividend date is Thursday, December 6th. This represents a $2.12 annualized dividend and a dividend yield of 2.09%. Ingersoll-Rand’s dividend payout ratio is presently 47.01%.
In other news, SVP Marcia J. Avedon sold 10,408 shares of the firm’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $104.00, for a total value of $1,082,432.00. Following the completion of the sale, the senior vice president now directly owns 125,098 shares in the company, valued at approximately $13,010,192. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.70% of the company’s stock.
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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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