The stock of Ingersoll-Rand PLC (NYSE:IR) reached all time high today, Nov, 10 and still has $120.96 target or 61.00% above today’s $75.13 share price. This indicates more upside for the $20.05 billion company. This technical setup was reported by Barchart.com. If the $120.96 PT is reached, the company will be worth $12.23 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 815,769 shares traded hands. Ingersoll-Rand PLC (NYSE:IR) has risen 23.05% since April 8, 2016 and is uptrending. It has outperformed by 17.40% the S&P500.
Ingersoll-Rand PLC (NYSE:IR) Ratings Coverage
Out of 12 analysts covering Ingersoll-Rand Plc (NYSE:IR), 8 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 67% are positive. Ingersoll-Rand Plc has been the topic of 29 analyst reports since July 30, 2015 according to StockzIntelligence Inc. As per Monday, March 28, the company rating was downgraded by Goldman Sachs. The stock of Ingersoll-Rand PLC (NYSE:IR) earned “Buy” rating by Citigroup on Thursday, January 21. Susquehanna maintained the stock with “Neutral” rating in Thursday, April 14 report. The firm has “Sector Weight” rating given on Friday, September 9 by KeyBanc Capital Markets. The stock of Ingersoll-Rand PLC (NYSE:IR) has “Buy” rating given on Tuesday, April 19 by Citigroup. The firm has “Equal-Weight” rating given on Monday, October 5 by Barclays Capital. The firm earned “Sector Perform” rating on Wednesday, July 29 by RBC Capital Markets. As per Wednesday, October 28, the company rating was maintained by Stifel Nicolaus. As per Wednesday, October 28, the company rating was maintained by RBC Capital Markets. Argus Research maintained Ingersoll-Rand PLC (NYSE:IR) on Monday, August 3 with “Buy” rating.
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.”
Insitutional Activity: The institutional sentiment increased to 1.19 in 2016 Q2. Its up 0.41, from 0.78 in 2016Q1. The ratio is positive, as 39 funds sold all Ingersoll-Rand PLC shares owned while 163 reduced positions. 71 funds bought stakes while 170 increased positions. They now own 194.24 million shares or 0.04% less from 194.32 million shares in 2016Q1.
Wesbanco Commercial Bank accumulated 0.09% or 24,636 shares. Amalgamated Natl Bank reported 17,535 shares or 0.07% of all its holdings. Parametric Limited Liability Corp last reported 566,732 shares in the company. State Of Tennessee Treasury Department holds 0.12% of its portfolio in Ingersoll-Rand PLC (NYSE:IR) for 382,454 shares. Nippon Life Global Investors Americas Inc holds 1.6% of its portfolio in Ingersoll-Rand PLC (NYSE:IR) for 263,070 shares. Ridgeworth Capital Mgmt Limited Liability holds 0.34% or 591,925 shares in its portfolio. Hudson Bay Capital L P holds 0.03% or 16,308 shares in its portfolio. Invesco Limited reported 7.82 million shares or 0.18% of all its holdings. Wells Fargo Mn reported 609,084 shares or 0.02% of all its holdings. Employees Retirement Association Of Colorado accumulated 0.03% or 52,042 shares. Whittier Of Nevada reported 452 shares or 0% of all its holdings. Keybank Association Oh owns 18,318 shares or 0.01% of their US portfolio. Millennium Management Limited Liability accumulated 1.26 million shares or 0.18% of the stock. Moreover, Sumitomo Life Insurance Communications has 0.17% invested in Ingersoll-Rand PLC (NYSE:IR) for 19,623 shares. Brown Brothers Harriman & owns 2,000 shares or 0% of their US portfolio.
Another recent and important Ingersoll-Rand PLC (NYSE:IR) news was published by Seekingalpha.com which published an article titled: “Ingersoll-Rand Plc (IR) Q3 2016 Results – Earnings Call Transcript” on October 26, 2016.
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.
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