Ingersoll-rand PLC Q1 2018 Institutional Investor Sentiment Worse Than Expected

July 16, 2018 - By Billy Entrekin

Ingersoll-Rand Plc (NYSE:IR) Logo

Sentiment for Ingersoll-rand PLC (NYSE:IR)

Ingersoll-rand PLC (NYSE:IR) institutional sentiment decreased to 1 in Q1 2018. Its down -0.04, from 1.04 in 2017Q4. The ratio turned negative, as 252 institutional investors increased or started new holdings, while 252 sold and decreased their positions in Ingersoll-rand PLC. The institutional investors in our partner’s database now have: 191.38 million shares, down from 194.79 million shares in 2017Q4. Also, the number of institutional investors holding Ingersoll-rand PLC in their top 10 holdings 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 $22.28 billion. It operates through Climate and Industrial divisions. It has a 17.62 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 1.31% or $1.19 during the last trading session, reaching $89.86. About 508,865 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 $424.02 million 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 16.16% above today’s ($89.86) share price. IR was included in 15 notes of analysts from January 23, 2018. The company was maintained on Tuesday, April 17 by BMO Capital Markets. RBC Capital Markets maintained the shares of IR in report on Wednesday, April 25 with “Hold” rating. Stifel Nicolaus maintained the shares of IR in report on Thursday, April 26 with “Buy” rating. On Wednesday, January 31 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm earned “Hold” rating on Monday, February 26 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Hold” on Wednesday, January 31. The firm earned “Buy” rating on Thursday, February 1 by BMO Capital Markets. The stock of Ingersoll-Rand Plc (NYSE:IR) has “Hold” rating given on Wednesday, January 31 by Robert W. Baird. The firm earned “Buy” rating on Thursday, February 15 by Stifel Nicolaus. The firm has “Hold” rating given on Thursday, February 1 by Susquehanna.

Ingersoll-Rand Plc (NYSE:IR) Ratings Chart

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