Will Ingersoll-Rand PLC Go Down Anytime Soon? Option Trader Believe So

 Will Ingersoll Rand PLC Go Down Anytime Soon? Option Trader Believe So

In today’s session Ingersoll-Rand PLC (IR) recorded an unusually high (1,915) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious IR decrease. With 1,915 contracts traded and 1234 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: IR161216P00070000 closed last at: $1.7 or 19% down. About 1.01 million shares traded hands. Ingersoll-Rand PLC (NYSE:IR) has risen 23.05% since April 8, 2016 and is uptrending. It has outperformed by 17.40% the S&P500.

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 29 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The rating was downgraded by Goldman Sachs on Monday, March 28 to “Neutral”. Buckingham Research upgraded it to “Buy” rating and $71 target price in Thursday, April 14 report. As per Thursday, October 27, the company rating was maintained by RBC Capital Markets. Nomura upgraded the stock to “Buy” rating in Monday, March 7 report. KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating in Friday, September 9 report. The rating was maintained by Citigroup on Tuesday, April 19 with “Buy”. The stock of Ingersoll-Rand PLC (NYSE:IR) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, July 29. The stock of Ingersoll-Rand PLC (NYSE:IR) has “Outperform” rating given on Wednesday, July 13 by BMO Capital Markets. RBC Capital Markets maintained Ingersoll-Rand PLC (NYSE:IR) on Wednesday, October 28 with “Sector Perform” rating. Barclays Capital maintained it with “Equal-Weight” rating and $53 target price in Monday, October 5 report.

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 improved, 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.
Amica Mutual Insur holds 0.1% of its portfolio in Ingersoll-Rand PLC (NYSE:IR) for 16,861 shares. Nj State Employees Deferred Compensation Plan holds 5,000 shares or 0.07% of its portfolio. Tcw Grp Inc holds 0.01% or 20,725 shares in its portfolio. Ls Invest Advsrs Limited Liability Company holds 0.06% of its portfolio in Ingersoll-Rand PLC (NYSE:IR) for 12,622 shares. Moreover, Exane Derivatives has 0% invested in Ingersoll-Rand PLC (NYSE:IR) for 183,299 shares. Peapack Gladstone Financial Corp holds 0% of its portfolio in Ingersoll-Rand PLC (NYSE:IR) for 5,295 shares. Moreover, Pnc Finance Gru has 0.11% invested in Ingersoll-Rand PLC (NYSE:IR) for 1.44M shares. Evercore Wealth Management Limited Liability Company holds 0% of its portfolio in Ingersoll-Rand PLC (NYSE:IR) for 560 shares. Covington Advisors Incorporated owns 5,735 shares or 0.16% of their US portfolio. Ameritas Partners holds 4,956 shares or 0.02% of its portfolio. Logan Capital owns 4,920 shares or 0.03% of their US portfolio. The Texas-based Eagle Advisors Limited Liability Corp has invested 0.09% in Ingersoll-Rand PLC (NYSE:IR). Next Inc has 0.01% invested in the company for 752 shares. Pioneer Mngmt holds 0.55% or 2.37M shares in its portfolio. Mitsubishi Ufj Trust Banking Corp holds 702,249 shares or 0.1% of its 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 $20.05 billion. The Company’s business divisions include Climate and Industrial. It has a 13.33 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 Seekingalpha.com which published an article titled: “Ingersoll-Rand Plc (IR) Q3 2016 Results – Earnings Call Transcript” on October 26, 2016.

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