EPS for Ingersoll-Rand PLC (IR) Expected At $1.45

July 18, 2017 - By Winifred Garcia

 EPS for Ingersoll Rand PLC (IR) Expected At $1.45
Investors sentiment increased to 1.33 in 2016 Q4. Its up 0.13, from 1.2 in 2016Q3. It improved, as 37 investors sold Ingersoll-Rand PLC shares while 175 reduced holdings. 102 funds opened positions while 181 raised stakes. 216.69 million shares or 10.11% more from 196.79 million shares in 2016Q3 were reported.
Prelude Cap Mgmt Limited Company has 469 shares. Oppenheimer And Co owns 27,571 shares. Mckinley Capital Ltd Company Delaware accumulated 301,877 shares. Moreover, Verition Fund Mgmt Ltd Co has 0.08% invested in Ingersoll-Rand PLC (NYSE:IR) for 12,259 shares. Bokf Na accumulated 37,834 shares. Cape Cod Five Cents State Bank has invested 0.06% in Ingersoll-Rand PLC (NYSE:IR). 10 has invested 0.41% of its portfolio in Ingersoll-Rand PLC (NYSE:IR). The Maryland-based Sandy Spring Commercial Bank has invested 0% in Ingersoll-Rand PLC (NYSE:IR). Catawba Mgmt Va has 0.14% invested in Ingersoll-Rand PLC (NYSE:IR) for 7,901 shares. Park Avenue Secs Limited Liability Com stated it has 0.04% of its portfolio in Ingersoll-Rand PLC (NYSE:IR). Bb&T holds 33,458 shares. Hanson And Doremus Inv Mngmt holds 0% in Ingersoll-Rand PLC (NYSE:IR) or 1,030 shares. Moreover, Sumitomo Mitsui Asset Management Limited has 0.03% invested in Ingersoll-Rand PLC (NYSE:IR). Geneva Advsr Ltd Liability Corp holds 0.01% or 3,650 shares in its portfolio. Barnett & has 56 shares.

Wall Street await Ingersoll-Rand PLC (NYSE:IR) to release earnings on July, 26. Analysts forecast EPS of $1.45, up exactly $0.07 or 5.07 % from 2014’s $1.38 EPS. The expected IR’s profit could reach $371.11 million giving the stock 16.05 P/E in the case that $1.45 earnings per share is reported. After posting $0.57 EPS for the previous quarter, Ingersoll-Rand PLC’s analysts now forecast 154.39 % EPS growth. The stock increased 0.26% or $0.24 during the last trading session, reaching $93.07. About 1.44 million shares traded. Ingersoll-Rand PLC (NYSE:IR) has risen 39.42% since July 18, 2016 and is uptrending. It has outperformed by 22.72% the S&P500.

Ingersoll-Rand PLC (NYSE:IR) Ratings Coverage

Among 16 analysts covering Ingersoll-Rand Plc (NYSE:IR), 10 have Buy rating, 0 Sell and 6 Hold. Therefore 63% are positive. Ingersoll-Rand Plc had 41 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of Ingersoll-Rand PLC (NYSE:IR) has “Sector Perform” rating given on Wednesday, October 28 by RBC Capital Markets. The firm has “Sector Perform” rating given on Wednesday, July 29 by RBC Capital Markets. The stock of Ingersoll-Rand PLC (NYSE:IR) earned “Buy” rating by Credit Suisse on Wednesday, April 12. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, October 27. The firm earned “Outperform” rating on Monday, March 20 by Wells Fargo. The stock of Ingersoll-Rand PLC (NYSE:IR) has “Buy” rating given on Thursday, January 21 by Citigroup. The firm has “Buy” rating by Buckingham Research given on Thursday, April 14. The rating was downgraded by Buckingham Research to “Neutral” on Wednesday, November 16. The firm has “Buy” rating given on Monday, April 3 by Jefferies. RBC Capital Markets maintained the stock with “Hold” rating in Monday, June 5 report.

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 market cap of $23.82 billion. The Company’s business divisions include Climate and Industrial. It has a 16.91 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.

More news for Ingersoll-Rand PLC (NYSE:IR) were recently published by: Nasdaq.com, which released: “Ingersoll-Rand Reaches Analyst Target Price” on June 19, 2017. Seekingalpha.com‘s article titled: “Ingersoll-Rand may split into two companies, Stifel says” and published on July 10, 2017 is yet another important article.

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