Ownership Action To Observe: Ingersoll-rand PLC (NYSE:IR) Institutional Investor Positioning Change

November 25, 2016 - By Vivian Park   ·   0 Comments

Ownership Action To Observe: Ingersoll rand PLC (NYSE:IR) Institutional Investor Positioning Change

Sentiment for Ingersoll-rand PLC (NYSE:IR)

Ingersoll-rand PLC (NYSE:IR) institutional sentiment increased to 1.2 in 2016 Q2. Its up 0.01, from 1.19 in 2016Q1. The ratio has increased, as 241 investment managers started new and increased stock positions, while 202 cut down and sold equity positions in Ingersoll-rand PLC. The investment managers in our partner’s database now possess: 194.24 million shares, down from 194.32 million shares in 2016Q1. Also, the number of investment managers holding Ingersoll-rand PLC 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 0.70% or $0.53 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 earnings per share, 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 earnings per share 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#

Ingersoll-Rand PLC (NYSE:IR) Ratings Coverage

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 firm has “Buy” rating by Stifel Nicolaus given on Wednesday, October 28. The stock of Ingersoll-Rand PLC (NYSE:IR) earned “Buy” rating by Citigroup on Tuesday, April 19. The stock has “Neutral” rating given by Buckingham Research on Wednesday, November 16. The stock of Ingersoll-Rand PLC (NYSE:IR) has “Equal-Weight” rating given on Monday, October 5 by Barclays Capital. The firm has “Buy” rating given on Thursday, January 21 by Citigroup. RBC Capital Markets maintained the stock with “Sector Perform” rating in Thursday, October 27 report. Buckingham Research upgraded it to “Buy” rating and $71 target price in Thursday, April 14 report. As per Monday, March 7, the company rating was upgraded by Nomura. BMO Capital Markets initiated the shares of IR in a report on Wednesday, July 13 with “Outperform” rating. The stock of Ingersoll-Rand PLC (NYSE:IR) has “Outperform” rating given on Monday, April 4 by CLSA.

IR Company Profile

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 Vivian Park


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