Bullish Options Activity on Ingersoll-Rand PLC Surges After Better Fundamentals

 Bullish Options Activity on Ingersoll Rand PLC Surges After Better Fundamentals

In today’s session Ingersoll-Rand PLC (IR) registered an unusually high (150) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious IR increase. With 150 contracts traded and 3864 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: IR170120C00072500 closed last at: $1.4 or 7.7% up. The stock decreased 1.11% or $0.75 during the last trading session, hitting $66.99. About 1.70M shares traded hands. Ingersoll-Rand PLC (NYSE:IR) has risen 17.05% since March 2, 2016 and is uptrending. It has outperformed by 7.81% the S&P500.

Analysts await Ingersoll-Rand PLC (NYSE:IR) to report earnings on October, 25. They expect $1.28 EPS, up 5.79% or $0.07 from last year’s $1.21 per share. IR’s profit will be $329.22M for 13.08 P/E if the $1.28 EPS becomes a reality. After $1.38 actual EPS reported by Ingersoll-Rand PLC for the previous quarter, Wall Street now forecasts -7.25% negative EPS growth.

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 28 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Nomura on Monday, March 7. The firm earned “Buy” rating on Thursday, January 21 by Citigroup. The rating was downgraded by Goldman Sachs to “Neutral” on Monday, March 28. The firm has “Neutral” rating given on Thursday, April 14 by Susquehanna. The rating was downgraded by CLSA to “Outperform” on Monday, April 4. The stock has “Buy” rating given by Citigroup on Tuesday, April 19. The company was initiated on Wednesday, July 13 by BMO Capital Markets. The stock has “Sector Perform” rating given by RBC Capital Markets on Wednesday, July 29. The stock of Ingersoll-Rand PLC (NYSE:IR) earned “Sector Weight” rating by KeyBanc Capital Markets on Friday, September 9. The firm has “Buy” rating by Argus Research given on Monday, August 3.

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.
Allianz Asset Mgmt Ag reported 134,795 shares or 0% of all its holdings. Utd Automobile Association has invested 0.02% of its portfolio in Ingersoll-Rand PLC (NYSE:IR). Rhumbline Advisers accumulated 0.08% or 398,532 shares. Advisor Prns Lc accumulated 0.09% or 4,181 shares. Stevens Capital Mngmt Limited Partnership accumulated 0.45% or 177,327 shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 0.1% or 118,828 shares. Calvert Investment Mngmt Inc reported 193,000 shares or 0.64% of all its holdings. Ftb Advsrs holds 0.04% or 4,872 shares in its portfolio. First Allied Advisory Inc has 6,252 shares for 0.02% of their US portfolio. Moreover, Brown Brothers Harriman Co has 0% invested in Ingersoll-Rand PLC (NYSE:IR) for 2,000 shares. Voya Inv Mngmt Limited Liability Corporation has 0.38% invested in the company for 2.42 million shares. Reliance Tru Of Delaware has 4,607 shares for 0.02% of their US portfolio. Moreover, Anchor Bolt Capital Limited Partnership has 1.96% invested in Ingersoll-Rand PLC (NYSE:IR) for 879,663 shares. Murphy Pohlad Asset Mngmt Ltd Co accumulated 3,300 shares or 0.16% of the stock. Mufg Americas, a New York-based fund reported 7,004 shares.

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 company has a market cap of $17.23 billion. The Company’s business divisions include Climate and Industrial. It has a 12.37 P/E ratio. 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.

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