Ingersoll-Rand plc (Ireland) (IR) has risen sharply, recording gains of 0.09% in the past 4 weeks. However, the stock has corrected -0.51% in the past 1 week, providing a good buying opportunity on dips. Ingersoll-Rand plc (Ireland) (IR) : During the past 4 weeks, traders have been relatively bearish on Ingersoll-Rand plc (Ireland) (IR), hence the stock is down -0.93% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.57% relative to the S&P 500.
The stock has recorded a 20-day Moving Average of 0.96% and the 50-Day Moving Average is 3.41%. Ingersoll-Rand plc (Ireland) (NYSE:IR): On Fridays trading session , Opening price of the stock was $68.04 with an intraday high of $68.23. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $67.5. However, the stock managed to close at $68, a loss of 0.50% for the day. On the previous day, the stock had closed at $68.34. The total traded volume of the day was 1,337,545 shares.
The company Insiders own 0.65% of Ingersoll-Rand plc (Ireland) shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -8.1% . Institutional Investors own 82.51% of Ingersoll-Rand plc (Ireland) shares. During last six month period, the net percent change held by insiders has seen a change of -18.37%. Also, Major Brokerage house, Stifel Nicolaus maintains its ratings on Ingersoll-Rand plc (Ireland) (NYSE:IR). In the latest research report, Stifel Nicolaus lowers the target price from $77 per share to $75 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on July 28, 2016.
Ingersoll-Rand Public Limited Company (IR-Ireland) is a diversified, global company that 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 is also engaged in the design, manufacture, sale and service of a portfolio of industrial and commercial products. The Company focuses on parts, service, used equipment and rentals. Its business segments consist of Climate and Industrial. The Climate segment includes Trane and American Standard Heating and Air Conditioning, which provides heating, ventilation and air conditioning (HVAC) systems; commercial and residential building services, parts, support and controls, and Thermo King transport temperature control solutions. The Industrial segment includes Ingersoll Rand compressed air systems and services, power tools, material handling systems, ARO fluid management equipment, Club Car golf, utility and rough terrain vehicles.