Ingersoll Rand Co LTD (NYSE:IR) Stock Price While Sentiment Dive

July 16, 2018 - By Catherine Diaz

Ingersoll-Rand Plc (NYSE:IR) Logo

Sentiment for Ingersoll Rand Co LTD (NYSE:IR)

Ingersoll Rand Co LTD (NYSE:IR) institutional sentiment decreased to 1 in 2018 Q1. Its down -0.04, from 1.04 in 2017Q4. The ratio has worsened, as 252 hedge funds increased or opened new equity positions, while 252 sold and reduced stock positions in Ingersoll Rand Co LTD. The hedge funds in our partner’s database now possess: 191.38 million shares, down from 194.79 million shares in 2017Q4. Also, the number of hedge funds holding Ingersoll Rand Co LTD in their top 10 equity positions decreased from 4 to 2 for a decrease of 2. Sold All: 46 Reduced: 206 Increased: 187 New Position: 65.

Ingersoll-Rand plc designs, manufactures, sells, and services industrial and commercial products. The company has market cap of $22.29 billion. It operates through Climate and Industrial divisions. It has a 17.63 P/E ratio. The Climate segment offers building management, bus and rail HVAC, control, container and cryogenic refrigeration, diesel-powered refrigeration, ductless, geothermal, package heating and cooling, rail and self-powered truck refrigeration, temporary heating and cooling, trailer refrigeration, unitary, and vehicle-powered truck refrigeration systems.

The stock decreased 1.30% or $1.18 during the last trading session, reaching $89.87. About 502,548 shares traded. Ingersoll-Rand Plc (NYSE:IR) has risen 0.56% since July 16, 2017 and is uptrending. It has underperformed by 12.01% the S&P500.

Analysts await Ingersoll-Rand Plc (NYSE:IR) to report earnings on July, 25 before the open. They expect $1.71 earnings per share, up 14.77 % or $0.22 from last year’s $1.49 per share. IR’s profit will be $424.03M for 13.14 P/E if the $1.71 EPS becomes a reality. After $0.70 actual earnings per share reported by Ingersoll-Rand Plc for the previous quarter, Wall Street now forecasts 144.29 % EPS growth.

Schwerin Boyle Capital Management Inc holds 3.5% of its portfolio in Ingersoll-Rand Plc for 373,013 shares. Generation Investment Management Llp owns 3.60 million shares or 3% of their US portfolio. Moreover, Martin & Co Inc Tn has 2.39% invested in the company for 83,841 shares. The Minnesota-based Minneapolis Portfolio Management Group Llc has invested 1.98% in the stock. Santa Barbara Asset Management Llc, a California-based fund reported 1.48 million shares.

Ingersoll-Rand Plc (NYSE:IR) Ratings Coverage

Ratings analysis reveals 67% of Ingersoll-Rand’s analysts are positive. Out of 9 Wall Street analysts rating Ingersoll-Rand, 6 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $9200 while the high is $115.0. The stock’s average target of $104.38 is 16.15% above today’s ($89.87) share price. IR was included in 15 notes of analysts from January 23, 2018. Stifel Nicolaus maintained it with “Buy” rating and $106.0 target in Thursday, February 15 report. Susquehanna maintained Ingersoll-Rand Plc (NYSE:IR) on Thursday, February 1 with “Hold” rating. RBC Capital Markets maintained Ingersoll-Rand Plc (NYSE:IR) rating on Wednesday, January 31. RBC Capital Markets has “Hold” rating and $98.0 target. As per Tuesday, April 17, the company rating was maintained by BMO Capital Markets. The stock of Ingersoll-Rand Plc (NYSE:IR) has “Buy” rating given on Wednesday, January 31 by Stifel Nicolaus. The stock of Ingersoll-Rand Plc (NYSE:IR) earned “Buy” rating by Stifel Nicolaus on Tuesday, April 3. On Wednesday, January 31 the stock rating was maintained by Robert W. Baird with “Hold”. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, April 26. The rating was maintained by Citigroup on Monday, April 9 with “Buy”. As per Wednesday, April 25, the company rating was maintained by RBC Capital Markets.

Ingersoll-Rand Plc (NYSE:IR) Ratings Chart

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