Ingersoll-Rand plc (Ireland) (NYSE:IR) has climbed 1.01% in the past week and advanced 1.46% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.22% and the outperformance has advanced to 0.54% for the last 4 weeks period.
Ingersoll-Rand plc (Ireland) (NYSE:IR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $64.67 and $64.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $65.31. The buying momentum continued till the end and the stock did not give up its gains. It closed at $65.14, notching a gain of 0.91% for the day. The total traded volume was 1,873,357 . The stock had closed at $64.55 on the previous day.
The company shares have dropped -5.96% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $69.45 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $65.46 and the 200 Day Moving Average price is recorded at $58.66.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Camuti Paul A, officer (Senior Vice President) of Ingersoll-Rand Plc, had unloaded 4,800 shares at an average price of $49.19 in a transaction dated on May 26, 2016. The total value of the transaction was worth $236,112.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Citigroup maintains its outlook on Ingersoll-Rand plc (Ireland) (NYSE:IR). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm raises the price target from $60 per share to $72 per share. The rating by the firm was issued on April 19, 2016. Currently 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 -10.53% . Institutional Investors own 81.64% of Ingersoll-Rand plc (Ireland) shares. During last six month period, the net percent change held by insiders has seen a change of -17.24%.
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.