News articles about Ingersoll-Rand PLC (Ireland) (NYSE:IR) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ingersoll-Rand PLC (Ireland) earned a news impact score of 0.19 on Accern’s scale. Accern also gave 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 impact on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
Several research analysts have recently commented on IR shares. Stifel Nicolaus decreased their price target on shares of Ingersoll-Rand PLC (Ireland) from $103.00 to $98.00 and set a “buy” rating for the company in a report on Wednesday, September 13th. Jefferies Group reaffirmed 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 lifted 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 price target for the company. in a report on Friday, October 27th. Finally, ValuEngine downgraded shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $99.18.
Shares of Ingersoll-Rand PLC (NYSE:IR) traded down $0.68 during trading hours on Friday, reaching $89.71. 1,321,495 shares of the company traded hands, compared to its average volume of 1,390,143. The company has a market cap of $22,585.56, a P/E ratio of 22.37, a PEG ratio of 1.94 and a beta of 1.35. Ingersoll-Rand PLC has a 12-month low of $74.35 and a 12-month high of $96.23. 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 issued its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.01. The firm had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.71 billion. Ingersoll-Rand PLC (Ireland) had a net margin of 7.47% and a return on equity of 16.65%. Ingersoll-Rand PLC (Ireland)’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the firm posted $1.41 EPS. sell-side analysts anticipate that Ingersoll-Rand PLC will post 4.51 EPS for the current fiscal year.
In other Ingersoll-Rand PLC (Ireland) news, Chairman Michael W. Lamach sold 210,508 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $88.28, for a total transaction of $18,583,646.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Marcia J. Avedon sold 10,460 shares of the business’s stock in a transaction dated Monday, October 23rd. The stock was 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 in the company, valued at $10,493,878. The disclosure for this sale can be found here. Over the last quarter, insiders sold 235,065 shares of company stock worth $20,906,101. 0.63% of the stock is currently 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.
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