Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Ingersoll-Rand PLC (Ireland) (IR) Share Price
Media stories about Ingersoll-Rand PLC (Ireland) (NYSE:IR) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Ingersoll-Rand PLC (Ireland) earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 46.1180520859296 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Needle Action Activity Spotted in Ingersoll-Rand Plc [Ireland] (IR) as Shares Move 0.67% – SCY News (scynews.com)
- CES 2018: Nexia Introduces Innovative New Features, Products to Further Enhance Consumers’ Connected Comfort Experience (finance.yahoo.com)
- Ingersoll-rand Plc (IR) Chairman and CEO Michael W Lamach Sold $18.6 million of Shares (finance.yahoo.com)
- Contrasting Roper Technologies (ROP) & Ingersoll-Rand PLC (Ireland) (IR) (americanbankingnews.com)
- Ingersoll-Rand PLC (Ireland) (IR) Chairman Michael W. Lamach Sells 210,508 Shares (americanbankingnews.com)
Several equities research analysts have issued reports on IR shares. Stifel Nicolaus lowered their price target on shares of Ingersoll-Rand PLC (Ireland) from $103.00 to $98.00 and set a “buy” rating on the stock in a report on Wednesday, September 13th. Jefferies Group reissued a “buy” rating and issued a $105.00 price target on shares of Ingersoll-Rand PLC (Ireland) in a report on Tuesday, September 12th. Citigroup boosted their price target 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. Morgan Stanley lowered 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. Finally, ValuEngine lowered shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $99.18.
Ingersoll-Rand PLC (IR) traded up $0.09 on Wednesday, hitting $90.98. 1,495,262 shares of the stock traded hands, compared to its average volume of 1,589,171. The company has a current ratio of 1.24, a quick ratio of 0.89 and a debt-to-equity ratio of 0.43. Ingersoll-Rand PLC has a fifty-two week low of $75.20 and a fifty-two week high of $96.23. The company has a market cap of $22,640.00, a price-to-earnings ratio of 22.75, a price-to-earnings-growth ratio of 1.92 and a beta of 1.35.
Ingersoll-Rand PLC (Ireland) (NYSE:IR) last posted its earnings results on Wednesday, October 25th. The industrial products company reported $1.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.01. Ingersoll-Rand PLC (Ireland) had a net margin of 7.47% and a return on equity of 16.65%. The business had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same quarter in the prior year, the firm earned $1.41 EPS. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. sell-side analysts predict that Ingersoll-Rand PLC will post 4.51 EPS for the current fiscal year.
In other Ingersoll-Rand PLC (Ireland) news, insider Marcia J. Avedon sold 10,460 shares of the stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $94.00, for a total transaction of $983,240.00. Following the sale, the insider now owns 111,637 shares of the company’s stock, valued at approximately $10,493,878. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Paul A. Camuti sold 14,097 shares of the stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $95.00, for a total transaction of $1,339,215.00. Following the sale, the senior vice president now directly owns 66,439 shares in the company, valued at approximately $6,311,705. The disclosure for this sale can be found here. In the last three months, insiders have sold 235,065 shares of company stock worth $20,906,101. Insiders own 0.63% of the company’s stock.
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About Ingersoll-Rand PLC (Ireland)
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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