Ingersoll-Rand Plc [Ireland] (NYSE:IR).
Bowen Hanes & Co Inc says it increased its investment in Ingersoll-Rand Plc [Ireland] stock by 4,300 shares in its quarterly SEC filing. Its position was worth $23,722,000 a decrease of $198,000 according to the filing.
Here are some institutional investors who have increased or decreased their stake in (IR). Great Lakes Advisors, LLC augmented its investment by buying 4,178 shares an increase of 13.0%. Great Lakes Advisors, LLC now controls 36,394 shares valued at $3,245,000. The total value of its holdings increased 10.2%. As of quarter end Tredje Ap-fonden had disposed of a total of 5,690 shares trimming its stake by 17.2%. The value of the investment in Ingersoll-Rand Plc [Ireland] decreased from $3,042,000 to $2,447,000 a change of $595,000 since the last quarter.
As of the end of the quarter Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had bought 1,609 shares growing its holdings by 8.5%. The value of the investment in IR went from $1,738,000 to $1,840,000 a change of 5.9% quarter to quarter.
Stifel Nicolaus lowered the price target of the stock on October 26 changing the price objective from $103.00 to $101.00 with a rating of “Buy”.
Equity analyst Royal Bank Of Canada lowered the price target on October 26 changing the forecast from $93.00 to $91.00 and stated a “Sector Perform” rating.
Equity analyst Citigroup raised the price target on October 9 boosting the projection from $98.00 to $103.00 with a “Buy” recommendation. Equity analyst Morgan Stanley raised the price target on September 25 boosting the projection from $94.00 to $100.00 and issued a “Overweight” rating.
The company is down since yesterday’s close of 84.7. The P/E ratio is 20.98 and market capitalization is 20.95B. In the last earnings report the EPS was $4.00 with 249.87M shares now outstanding.
Traders are more bullish on Ingersoll-Rand Plc [Ireland] recently if you take a look at the change in short interest. The firm saw a fall in short interest of -23.19% as of the latest report on October 31, 2017. Short interest fell from 5,132,955 to 3,942,404 over that timeframe. With short interest at 3,942,404 and short average daily volume at 2,174,083, days to cover is 2.0 and the short interest percentage is 0.02% as of October 31.