November 25, 2016 - By Adrian Mccoy · 0 Comments
Ingersoll Rand Co LTD (NYSE:IR) institutional sentiment increased to 1.2 in Q2 2016. Its up 0.01, from 1.19 in 2016Q1. The ratio has increased, as 241 hedge funds opened new and increased stock positions, while 202 cut down and sold holdings in Ingersoll Rand Co LTD. The hedge funds in our partner’s database reported: 194.24 million shares, down from 194.32 million shares in 2016Q1. Also, the number of hedge funds holding Ingersoll Rand Co LTD in their top 10 stock positions decreased from 7 to 5 for a decrease of 2. Sold All: 39 Reduced: 163 Increased: 170 New Position: 71.
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 has a market cap of $19.65 billion. The Company’s business divisions include Climate and Industrial. It has a 13.51 P/E ratio. 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.
The stock increased 0.71% or $0.54 during the last trading session, hitting $76.12. About 923,506 shares traded hands. Ingersoll-Rand PLC (NYSE:IR) has risen 17.29% since April 22, 2016 and is uptrending. It has outperformed by 11.88% the S&P500.
Analysts await Ingersoll-Rand PLC (NYSE:IR) to report earnings on February, 14. They expect $0.92 EPS, down 2.13% or $0.02 from last year’s $0.94 per share. IR’s profit will be $237.49M for 20.68 P/E if the $0.92 EPS becomes a reality. After $1.41 actual EPS reported by Ingersoll-Rand PLC for the previous quarter, Wall Street now forecasts -34.75% negative EPS growth.
According to Zacks Investment Research, “Ingersoll Rand Company is one of the leading providers of security and safety, climate control, industrial productivity and infrastructure products. In each of these markets, the company offers a diverse product portfolio that includes well-recognized industrial and commercial brands.”
Generation Investment Management Llp holds 7.1% of its portfolio in Ingersoll-Rand PLC for 9.63 million shares. Limestone Value Partners Llc owns 45,950 shares or 4.16% of their US portfolio. Moreover, Stanley Capital Management Llc has 3.54% invested in the company for 55,159 shares. The Massachusetts-based Schwerin Boyle Capital Management Inc has invested 3.51% in the stock. Minneapolis Portfolio Management Group Llc, a Minnesota-based fund reported 292,297 shares.#img1#
Ratings analysis reveals 58% of Ingersoll-Rand Plc’s analysts are positive. Out of 12 Wall Street analysts rating Ingersoll-Rand Plc, 7 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $53 while the high is $76. The stock’s average target of $66.92 is -12.09% below today’s ($76.12) share price. IR was included in 30 notes of analysts from July 30, 2015. The company was initiated on Wednesday, July 13 by BMO Capital Markets. The company was maintained on Wednesday, October 28 by RBC Capital Markets. KeyBanc Capital Markets downgraded the shares of IR in a report on Friday, September 9 to “Sector Weight” rating. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, July 29. On Wednesday, October 28 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm has “Buy” rating given on Monday, August 3 by Argus Research. The stock of Ingersoll-Rand PLC (NYSE:IR) has “Equal-Weight” rating given on Monday, October 5 by Barclays Capital. The stock has “Outperform” rating given by CLSA on Monday, April 4. The firm has “Neutral” rating by Susquehanna given on Thursday, April 14. Nomura upgraded Ingersoll-Rand PLC (NYSE:IR) on Monday, March 7 to “Buy” rating.
Ingersoll-Rand Public Limited Company, incorporated on April 1, 2009, 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 divisions include Climate and Industrial. The Firm 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, Thermo King, American Standard, ARO and Club Car.
More news for Ingersoll-Rand PLC (NYSE:IR) were recently published by: Fool.com, which released: “Is Ingersoll-Rand Plc Still a Good Value?” on September 29, 2016. Seekingalpha.com‘s article titled: “Ingersoll-Rand Plc (IR) Q3 2016 Results – Earnings Call Transcript” and published on October 26, 2016 is yet another important article.
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By Adrian Mccoy