Press coverage about Ingersoll-Rand PLC (NYSE:IR) has trended positive on Saturday, according to Alpha One Sentiment. The research group, a service of Accern, identifies positive and negative news coverage by analyzing more than twenty million blog and news sources. Alpha One 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 media sentiment score of 0.25 on Alpha One’s scale. Alpha One also assigned media coverage about the industrial products company an impact score of 96 out of 100, indicating that recent news coverage is extremely likely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have effected AlphaOne Sentiment’s scoring:
A number of analysts have recently issued reports on IR shares. Jefferies Group LLC reiterated a “buy” rating on shares of Ingersoll-Rand PLC in a research note on Wednesday, January 25th. Credit Suisse Group AG reiterated a “buy” rating and set a $84.00 price objective on shares of Ingersoll-Rand PLC in a research note on Sunday, February 5th. Evercore ISI lowered shares of Ingersoll-Rand PLC from a “buy” rating to a “hold” rating in a research note on Friday, February 10th. Wells Fargo & Co upgraded shares of Ingersoll-Rand PLC from a “market perform” rating to an “outperform” rating in a research note on Monday, March 20th. 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 note on Wednesday, April 5th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $91.67.
Shares of Ingersoll-Rand PLC (NYSE:IR) traded up 0.21% during mid-day trading on Friday, hitting $90.01. 1,047,879 shares of the company were exchanged. The stock’s 50-day moving average price is $83.34 and its 200 day moving average price is $78.03. Ingersoll-Rand PLC has a 12-month low of $59.10 and a 12-month high of $90.18. The stock has a market cap of $23.04 billion, a PE ratio of 16.35 and a beta of 1.31.
Ingersoll-Rand PLC (NYSE:IR) last issued its quarterly earnings results on Wednesday, April 26th. The industrial products company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. Ingersoll-Rand PLC had a return on equity of 16.70% and a net margin of 10.93%. The company earned $3 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period in the previous year, the company earned $0.50 earnings per share. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities analysts anticipate that Ingersoll-Rand PLC will post $4.51 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 9th will be issued a dividend of $0.40 per share. The ex-dividend date is Wednesday, June 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.78%. Ingersoll-Rand PLC’s dividend payout ratio (DPR) is presently 28.42%.
In other news, insider Marcia J. Avedon sold 15,860 shares of the company’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $81.56, for a total transaction of $1,293,541.60. Following the completion of the transaction, the insider now directly owns 115,797 shares in the company, valued at $9,444,403.32. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Marcia J. Avedon sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $89.53, for a total value of $895,300.00. Following the transaction, the insider now owns 118,297 shares of the company’s stock, valued at $10,591,130.41. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,541 shares of company stock valued at $3,054,414. Corporate insiders own 0.65% of the company’s stock.
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.