Farmers Trust Co Holding in Ingersoll (IR) Cut as Stock Price Rose

Ingersoll-Rand Plc (NYSE:IR) LogoInvestors sentiment decreased to 0.9 in 2019 Q2. Its down 0.21, from 1.11 in 2019Q1. It dropped, as 41 investors sold IR shares while 244 reduced holdings. 81 funds opened positions while 176 raised stakes. 182.25 million shares or 0.07% more from 182.11 million shares in 2019Q1 were reported. First Quadrant Lp Ca reported 2,500 shares. Birch Hill Investment Advsr Limited Liability, Massachusetts-based fund reported 36,680 shares. Millennium Mngmt Ltd Liability reported 115,341 shares or 0.02% of all its holdings. Peoples Fin Corporation holds 0.02% or 240 shares. Qci Asset New York accumulated 203 shares. Lombard Odier Asset Management (Europe) Ltd reported 0.03% in Ingersoll-Rand Plc (NYSE:IR). Bryn Mawr Tru Communication invested in 0.01% or 1,893 shares. Lowe Brockenbrough & Co Incorporated holds 0.95% or 54,761 shares. Lord Abbett & Co Limited Co owns 476,200 shares. Tower Bridge Advsrs holds 2,225 shares or 0% of its portfolio. 80,000 are held by Moore Mngmt L P. Everence Cap Mngmt accumulated 7,780 shares or 0.16% of the stock. Moreover, Baystate Wealth Mgmt Limited Liability has 0.01% invested in Ingersoll-Rand Plc (NYSE:IR) for 522 shares. New Mexico Educational Retirement Board, New Mexico-based fund reported 19,798 shares. Strs Ohio holds 700,070 shares or 0.39% of its portfolio.

Farmers Trust Co decreased its stake in Ingersoll (IR) by 92.91% based on its latest 2019Q2 regulatory filing with the SEC. Farmers Trust Co sold 46,158 shares as the company’s stock rose 1.32% . The institutional investor held 3,525 shares of the o.e.m. company at the end of 2019Q2, valued at $446,000, down from 49,683 at the end of the previous reported quarter. Farmers Trust Co who had been investing in Ingersoll for a number of months, seems to be less bullish one the $29.83 billion market cap company. The stock increased 1.90% or $2.3 during the last trading session, reaching $123.47. About 1.06 million shares traded. Ingersoll-Rand Plc (NYSE:IR) has risen 27.20% since September 12, 2018 and is uptrending. It has outperformed by 27.20% the S&P500.

Analysts await Ingersoll-Rand Plc (NYSE:IR) to report earnings on October, 23. They expect $1.92 EPS, up 9.71 % or $0.17 from last year’s $1.75 per share. IR’s profit will be $463.84M for 16.08 P/E if the $1.92 EPS becomes a reality. After $2.09 actual EPS reported by Ingersoll-Rand Plc for the previous quarter, Wall Street now forecasts -8.13 % negative EPS growth.

More notable recent Ingersoll-Rand Plc (NYSE:IR) news were published by: Csrwire.com which released: “Trane Unveils Expanded Columbia Facility, Delivering Environmental, Workforce and Community Benefits – CSRwire.com” on September 02, 2019, also Finance.Yahoo.com with their article: “Is It Smart To Buy Ingersoll-Rand Plc (NYSE:IR) Before It Goes Ex-Dividend? – Yahoo Finance” published on September 01, 2019, Csrwire.com published: “Ingersoll Rand Named to the FTSE4Good Index Series for Fifth Consecutive Year, Demonstrating Strong Environmental, Social and Governance (ESG) Practices – CSRwire.com” on August 27, 2019. More interesting news about Ingersoll-Rand Plc (NYSE:IR) were released by: Finance.Yahoo.com and their article: “Should You Think About Buying Ingersoll-Rand Plc (NYSE:IR) Now? – Yahoo Finance” published on April 30, 2019 as well as Finance.Yahoo.com‘s news article titled: “Ingersoll-Rand Plc’s (NYSE:IR) 1.8% Dividend Yield Looks Pretty Interesting – Yahoo Finance” with publication date: August 09, 2019.

Ingersoll-Rand Plc (NYSE:IR) Ratings Coverage

Among 8 analysts covering Ingersoll-Rand (NYSE:IR), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Ingersoll-Rand has $14000 highest and $115 lowest target. $135.13’s average target is 9.44% above currents $123.47 stock price. Ingersoll-Rand had 13 analyst reports since March 13, 2019 according to SRatingsIntel. Barclays Capital maintained Ingersoll-Rand Plc (NYSE:IR) on Wednesday, April 3 with “Overweight” rating. The rating was maintained by Morgan Stanley on Wednesday, July 31 with “Overweight”. The firm earned “Outperform” rating on Monday, May 6 by BMO Capital Markets. Credit Suisse maintained the stock with “Outperform” rating in Wednesday, July 31 report. KeyBanc Capital Markets maintained it with “Overweight” rating and $130 target in Wednesday, April 10 report. Barclays Capital maintained Ingersoll-Rand Plc (NYSE:IR) rating on Wednesday, May 1. Barclays Capital has “Overweight” rating and $13500 target. The stock of Ingersoll-Rand Plc (NYSE:IR) has “Overweight” rating given on Wednesday, May 1 by KeyBanc Capital Markets. The stock of Ingersoll-Rand Plc (NYSE:IR) earned “Hold” rating by Jefferies on Tuesday, July 2. Bank of America upgraded it to “Buy” rating and $130 target in Thursday, April 4 report. The firm earned “Market Perform” rating on Wednesday, May 1 by Wells Fargo.

Ingersoll-Rand Plc (NYSE:IR) Ratings Chart

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