JP Morgan Cuts Rating On Ingersoll-Rand plc (Ireland) (IR)

JP Morgan Cuts Rating On Ingersoll-Rand plc (Ireland) (IR)”

The firm owned 886,512 shares of the industrial products company's stock after selling 133,442 shares during the quarter.

Traders are more bearish of late as evidenced by the increase in short interest.

Several other large investors also recently added to or reduced their stakes in the stock. The industrial products company reported $1.49 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.46 by $0.03. BlackRock Inc. now owns 17,554,733 shares of the industrial products company's stock valued at $1,427,553,000 after purchasing an additional 16,497,616 shares during the period. JPMorgan Chase & Co. increased its position in shares of Ingersoll-Rand PLC (Ireland) by 57.8% in the third quarter. Stanley Capital Management Llc, a Texas-based fund reported 55,159 shares.#img1#. The value of the investment in (IR) went from $5,334,000 to $5,505,000 increasing 3.2% quarter over quarter. About 1,000 shares traded. Finally, US Bancorp DE increased its position in shares of Ingersoll-Rand PLC (Ireland) by 13.3% in the third quarter. Following the transaction, the executive vice president now owns 110,695 shares in the company, valued at $8,400,643.55. Finally, Massachusetts Financial Services Co.

Analysts expect Ingersoll-Rand PLC (NYSE:IR) to report $1.44 EPS on October, 25.They anticipate $0.03 EPS change or 2.13% from last quarter's $1.41 EPS. Zions Bancorporation now owns 2,001 shares of the industrial products company's stock valued at $163,000 after acquiring an additional 22 shares during the period. Smith Asset Grp Inc LP invested 0.01% in Ingersoll-Rand PLC (NYSE:IR). The 50 day moving average was up $2.11 whereas the 200 day moving average was up $1.85 or +2.13%. Northern Trust Corp now owns 2,983,811 shares of the company's stock valued at $202,721,000 after buying an additional 91,122 shares during the period. $80.35's average target is -11.18% below currents $90.46 stock price. Following the completion of the transaction, the director now directly owns 65,932 shares in the company, valued at $5,803,993.96. The disclosure for this sale can be found here.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this news story on another publication, it was copied illegally and republished in violation of global copyright law. About 1.11 million shares traded. Whittier Of Nevada Incorporated invested 0% of its portfolio in Ingersoll-Rand PLC (NYSE:IR).

Shares are trading at $88.69 which is slightly above $86.58, the stock's 50 day moving average and just above the 200 day moving average of $86.84. Generation Investment Management Llp who had been investing in Ingersoll for a number of months, seems to be less bullish one the $23.08 billion market cap company. After $1.49 actual EPS reported by Ingersoll-Rand PLC for the previous quarter, Wall Street now forecasts -3.36% negative EPS growth. The company earned $3.36 billion during the quarter, compared to the consensus estimate of $3.35 billion. Ingersoll-Rand PLC (Ireland)'s revenue for the quarter was up 4.4% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, March 10th will be given a $0.40 dividend. Even with dividends reinvested, that only amounts to an average annual total return of about 1.6%; so by comparison collecting a yield above 2% would appear considerably attractive if that yield is sustainable.

On 9/12/2017, Stifel Nicolaus released a statement on Ingersoll-Rand (NYSE:IR) bumped up the target price from $98.00 to $103.00 that suggested an upside of 0.14%. The ex-dividend date is Thursday, September 7th. Ingersoll-Rand PLC (Ireland)'s payout ratio is presently 44.78%. Parkwood Limited Liability Company reported 0.07% in Ingersoll-Rand PLC (NYSE:IR).

New York-listed Ingersoll-Rand (NYSE:IR) shares have been lowered by stock research analysts at J.P. Morgan. Ingersoll-Rand Plc had 48 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets on Friday, April 21 with "Buy". Stifel Nicolaus reaffirmed a "buy" rating on shares of Ingersoll-Rand PLC (Ireland) in a research report on Thursday, August 24th. The stock has "Sector Perform" rating by RBC Capital Markets on Thursday, October 27. The rating was initiated by BMO Capital Markets with "Outperform" on Wednesday, July 13.

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 Business's business segments include Climate and Industrial. 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.

Like this


23 September 2017
Magnitude 5.8 Earthquake Shakes Mexico Coast Days After Deadly Quake
The US Geological Survey reported Saturday that a 5.8-magnitude quake occurred in waters off the Mexican coast. Mexican quake monitors gave the same figure.

23 September 2017
I was struggling initially, admits Kuldeep Yadav
Pacer Cummins (1/34) and left-arm spinner Agar (1/54) also picked up a wicket each for Australia . I did not bowl well from one end and it was getting hard to grip the ball as it was getting wet.

23 September 2017
Herrera heaps pressure on City
Ander Herrera still feels "important" at Manchester United despite seeing limited game time this season under Jose Mourinho . Manchester United kicked off their Champions League campaign with a thumping 3-0 win over Basel at Old Trafford last week.

23 September 2017
Richard C. Young Trims Stake in Brookfield Renewable Partners
The company sells its generation output primarily to public power authorities, load-serving utilities, and industrial users. Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) previously released its periodic earnings reports on early Fri, Aug 4th.

23 September 2017
Veteran Journalist KJ Singh And Mother Found Dead In Their Mohali House
This is the third journalist to be killed after Gauri Lankesh and Shantanu Bhowmik, although the crimes are unrelated. The development has come after Chief Minister Amarinder Singh directed police to go aggressive on the case.

23 September 2017
Shares in Amgen Inc. (AMGN) Acquired by Wealth Enhancement Advisory Services LLC
Oxbow Advisors Llc holds 1.59% of its portfolio in Tortoise MLP Fund, Inc. for 466,248 shares. (NASDAQ:AMGN) for 2,453 shares. Credit Suisse initiated Amgen, Inc. (NASDAQ:AMGN) has "Hold" rating given on Wednesday, April 5 by Jefferies.

23 September 2017
North Korea may test hydrogen bomb in Pacific
North Korea has launched missiles into the northern Pacific in recent months and has threatened to stage missile tests near Guam. Japanese officials say North Korea could send a nuclear-armed missile over Japan if it tests a hydrogen bomb over the Pacific.

23 September 2017
Seoul media say North might test nuke in Pacific
HE FEELS JUSTIFIED Kim says Trump's threats only emphasize that North Korea has been justified in its pursuit of nuclear missiles. It could be that Kim felt that a direct, personal response was crucial because of the harshness of Trump's comments.

23 September 2017
Carbo Ceramics, Inc. (NYSE:CRR) Among Today's Most Volatile Stocks - Up $0.46
Media coverage about Carbo Ceramics (NYSE:CRR) has been trending somewhat positive this week, Accern reports. CARBO Ceramics Inc. (CRR) formed multiple bottom with $7.69 target or 6.00% below today's $8.18 share price.

23 September 2017
M3.4 quake detected in North Korea
Russian Federation and China have both appealed for an end to the escalating rhetoric between Washington and Pyongyang. A second tremor soon after that test was possibly caused by a "cave-in", CENC said at the time.