As Ingersoll (IR) Shares Rose, Panagora Asset Management INC Has Boosted Stake by $14.74 Million

Ingersoll-Rand Plc (NYSE:IR) LogoInvestors sentiment increased to 1.08 in Q2 2018. Its up 0.08, from 1 in 2018Q1. It is positive, 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. Freestone Capital Limited Liability Corp stated it has 3,342 shares or 0% of all its holdings. Grantham Mayo Van Otterloo & Ltd Liability holds 0.03% in Ingersoll-Rand Plc (NYSE:IR) or 39,964 shares. Cobblestone Advsr Ltd Com holds 0.02% in Ingersoll-Rand Plc (NYSE:IR) or 2,757 shares. 33,605 were accumulated by Proshare Advisors Ltd Liability Corp. City Holding Company accumulated 21,894 shares or 0.6% of the stock. National Bank & Trust Of America De has invested 0.05% in Ingersoll-Rand Plc (NYSE:IR). Murphy Capital Management reported 36,928 shares or 0.48% of all its holdings. Baker Avenue Asset Mngmt LP holds 0.09% or 11,664 shares in its portfolio. 6,500 are owned by Numerixs Techs. Guyasuta Invest accumulated 8,700 shares. Tdam Usa holds 0.51% or 89,591 shares. Srb Corporation reported 5,741 shares. Mcf Advsrs Llc owns 500 shares. Pggm Invs, a Netherlands-based fund reported 679,600 shares. Wesbanco Comml Bank accumulated 22,028 shares.

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 1.99M shares of the o.e.m. company at the end of 2018Q2, valued at $178.64 million, up from 1.83M 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 1.25 million 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 $25.22B US Long portfolio, decreased its stake in First Hawaiian Inc by 540,806 shares to 25,191 shares, valued at $731,000 in 2018Q2, according to the filing. It also reduced its holding in American Tower Corp (NYSE:AMT) by 291,379 shares in the quarter, leaving it with 604,130 shares, and cut its stake in Amag Pharmaceuticals Inc (NASDAQ:AMAG).

More notable recent Ingersoll-Rand Plc (NYSE:IR) news were published by: Seekingalpha.com which released: “Zuora Has A Long Runway – Seeking Alpha” on December 08, 2018, also Globenewswire.com with their article: “FTE Networks Announces Preliminary Third Quarter 2018 Revenue of $92.2 Million – GlobeNewswire” published on November 15, 2018, Globenewswire.com published: “Credicorp’s 2019 Quarterly Earnings Releases NYSE:BAP – GlobeNewswire” on December 07, 2018. More interesting news about Ingersoll-Rand Plc (NYSE:IR) were released by: Businesswire.com and 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 as well as Globenewswire.com‘s news article titled: “NIO Inc. Announces Management Change NYSE:NIO – GlobeNewswire” with publication date: November 29, 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. On Thursday, August 30 the stock rating was maintained by UBS with “Buy”. KeyBanc Capital Markets upgraded it to “Overweight” rating and $112 target in Thursday, October 25 report. Argus Research maintained the stock with “Buy” rating in Tuesday, July 31 report. Bank of America maintained it with “Neutral” rating and $105 target in Monday, July 30 report. Robert W. Baird maintained Ingersoll-Rand Plc (NYSE:IR) on Thursday, October 25 with “Neutral” rating. The firm earned “Buy” rating on Thursday, October 25 by Citigroup. The company was maintained on Thursday, August 9 by Barclays Capital.

Ingersoll-Rand Plc (NYSE:IR) Ratings Chart

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