Ingersoll (IR) Stock Rose While Panagora Asset Management INC Boosted Stake

Ingersoll-Rand Plc (NYSE:IR) LogoInvestors sentiment increased to 1.08 in Q2 2018. Its up 0.08, from 1 in 2018Q1. It increased, as 44 investors sold IR shares while 197 reduced holdings. 77 funds opened positions while 184 raised stakes. 191.58 million shares or 0.11% more from 191.38 million shares in 2018Q1 were reported. Stephens Ar invested 0.03% in Ingersoll-Rand Plc (NYSE:IR). Rhumbline Advisers, a Massachusetts-based fund reported 480,623 shares. Retirement Sys Of Alabama has 293,776 shares. Marietta Invest Prtn Limited Liability Co holds 0.1% in Ingersoll-Rand Plc (NYSE:IR) or 3,648 shares. St Germain D J Incorporated has 0.07% invested in Ingersoll-Rand Plc (NYSE:IR). Apg Asset Nv holds 0.15% or 1.07 million shares in its portfolio. The Switzerland-based Gam Hldgs Ag has invested 0.01% in Ingersoll-Rand Plc (NYSE:IR). Burney owns 4,786 shares. Amf Pensionsforsakring Ab holds 0.48% or 550,268 shares. Farmers Tru Commerce accumulated 42,995 shares or 1.17% of the stock. Moreover, Washington Comml Bank has 0.02% invested in Ingersoll-Rand Plc (NYSE:IR). Illinois-based Gofen And Glossberg Limited Co Il has invested 0.01% in Ingersoll-Rand Plc (NYSE:IR). 332,478 are owned by Adage Capital Partners Grp Inc Ltd Company. Murphy Cap Mngmt holds 0.48% or 36,928 shares. Oppenheimer & Co Incorporated reported 0.07% stake.

Panagora Asset Management Inc increased its stake in Ingersoll (IR) by 9.07% based on its latest 2018Q2 regulatory filing with the SEC. Panagora Asset Management Inc bought 165,605 shares as the company’s stock rose 12.84% with the market. The institutional investor held 1.99 million shares of the o.e.m. company at the end of 2018Q2, valued at $178.64 million, up from 1.83 million at the end of the previous reported quarter. Panagora Asset Management Inc who had been investing in Ingersoll for a number of months, seems to be bullish on the $24.07 billion market cap company. The stock decreased 3.19% or $3.23 during the last trading session, reaching $97.98. About 1.25M shares traded. Ingersoll-Rand Plc (NYSE:IR) has risen 14.27% since December 8, 2017 and is uptrending. It has underperformed by 1.35% the S&P500.

Panagora Asset Management Inc, which manages about $37.15B and $25.22 billion US Long portfolio, decreased its stake in Iberiabank Corp (NASDAQ:IBKC) by 51,389 shares to 1,300 shares, valued at $99,000 in 2018Q2, according to the filing. It also reduced its holding in Occidental Petroleum Corp (NYSE:OXY) by 54,449 shares in the quarter, leaving it with 176,557 shares, and cut its stake in Pnc Financial Services Group (NYSE:PNC).

More notable recent Ingersoll-Rand Plc (NYSE:IR) news were published by: Globenewswire.com which released: “FTE Networks Announces Preliminary Third Quarter 2018 Revenue of $92.2 Million – GlobeNewswire” on November 15, 2018, also Businesswire.com with their article: “Zymeworks Submits Investigational New Drug (IND) Application for ZW49 and Presents IND-Enabling Studies at the San Antonio Breast Cancer Symposium – Business Wire” published on December 08, 2018, Globenewswire.com published: “NIO Inc. Announces Management Change NYSE:NIO – GlobeNewswire” on November 29, 2018. More interesting news about Ingersoll-Rand Plc (NYSE:IR) were released by: Globenewswire.com and their article: “Credicorp’s 2019 Quarterly Earnings Releases NYSE:BAP – GlobeNewswire” published on December 07, 2018 as well as Globenewswire.com‘s news article titled: “Vishay Introduces IrDA┬«-Compliant IR Transceiver Module in Standard 6.8 mm by 2.8 mm by 1.6 mm Footprint – GlobeNewswire” with publication date: November 26, 2018.

Ingersoll-Rand Plc (NYSE:IR) Ratings Coverage

Among 11 analysts covering Ingersoll-Rand (NYSE:IR), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Ingersoll-Rand had 11 analyst reports since June 19, 2018 according to SRatingsIntel. Argus Research maintained it with “Buy” rating and $114 target in Tuesday, July 31 report. The rating was maintained by UBS on Thursday, August 30 with “Buy”. The rating was maintained by Robert W. Baird on Thursday, October 25 with “Neutral”. The stock of Ingersoll-Rand Plc (NYSE:IR) earned “Neutral” rating by Bank of America on Monday, July 30. As per Thursday, October 25, the company rating was upgraded by KeyBanc Capital Markets. As per Thursday, October 25, the company rating was maintained by Citigroup. Barclays Capital maintained Ingersoll-Rand Plc (NYSE:IR) rating on Thursday, August 9. Barclays Capital has “Overweight” rating and $117 target.

Ingersoll-Rand Plc (NYSE:IR) Ratings Chart

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