Is Ingersoll-Rand PLC’s Latest Move For Real? The Stock Was Sold By Option Traders Today

 Is Ingersoll Rand PLC's Latest Move For Real? The Stock Was Sold By Option Traders Today

In today’s session Ingersoll-Rand PLC (IR) recorded an unusually high (1,501) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious IR decrease. With 1,501 contracts traded and 26704 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: IR161118P00062500 closed last at: $1.25 or 7.4% down. About 331,429 shares traded hands. Ingersoll-Rand PLC (NYSE:IR) has risen 11.31% since March 15, 2016 and is uptrending. It has outperformed by 5.82% 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 $327.70M for 12.74 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 firm has “Outperform” rating given on Wednesday, July 13 by BMO Capital Markets. The stock of Ingersoll-Rand PLC (NYSE:IR) earned “Outperform” rating by CLSA on Monday, April 4. The firm has “Buy” rating by Nomura given on Monday, March 7. The firm has “Sector Weight” rating by KeyBanc Capital Markets given on Friday, September 9. The rating was maintained by Citigroup with “Buy” on Tuesday, April 19. The stock of Ingersoll-Rand PLC (NYSE:IR) earned “Buy” rating by Stifel Nicolaus on Wednesday, October 28. The stock of Ingersoll-Rand PLC (NYSE:IR) earned “Equal-Weight” rating by Barclays Capital on Monday, October 5. Buckingham Research upgraded it to “Buy” rating and $71 target price in Thursday, April 14 report. The rating was initiated by Citigroup with “Buy” on Thursday, January 21. The stock of Ingersoll-Rand PLC (NYSE:IR) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, July 29.

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 increased, 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.
Nationwide Fund Advsrs, a Pennsylvania-based fund reported 261,953 shares. Shamrock Asset Limited Liability has invested 0% of its portfolio in Ingersoll-Rand PLC (NYSE:IR). Fiduciary, a Massachusetts-based fund reported 3,915 shares. The Illinois-based Citadel Advsr Llc has invested 0.09% in Ingersoll-Rand PLC (NYSE:IR). Rhumbline Advisers, a Massachusetts-based fund reported 398,532 shares. Moreover, Korea Investment has 0.03% invested in Ingersoll-Rand PLC (NYSE:IR) for 67,800 shares. First National Bank & Trust Na owns 11,740 shares or 0.14% of their US portfolio. Glg holds 55,720 shares or 0.27% of its portfolio. Hanseatic Management accumulated 228 shares or 0.01% of the stock. Td Asset Management Inc last reported 1.73M shares in the company. Bnp Paribas Arbitrage has invested 0.02% of its portfolio in Ingersoll-Rand PLC (NYSE:IR). Alpine Woods Capital Invsts Limited Liability Corp owns 15,000 shares or 0.06% of their US portfolio. Moreover, Keybank National Association Oh has 0.01% invested in Ingersoll-Rand PLC (NYSE:IR) for 18,318 shares. Ubs Oconnor Ltd Llc has 0% invested in the company for 51,809 shares. Fincl Management Professionals has 600 shares for 0.02% of their US portfolio.

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 $16.70 billion. The Company’s business divisions include Climate and Industrial. It has a 12.05 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.

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.

Another recent and important Ingersoll-Rand PLC (NYSE:IR) news was published by Fool.com which published an article titled: “Is Ingersoll-Rand Plc Still a Good Value?” on September 29, 2016.

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