Ingersoll-Rand plc (Ireland) (IR) has been under a strong bear grip, hence the stock is down -0.07% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.82% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.35% in the last 1 week, and is up 4.3% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 5.3% and the 50-Day Moving Average is 4.64%.
Ingersoll-Rand plc (Ireland) (NYSE:IR): The stock opened at $68.33 on Friday but the bulls could not build on the opening and the stock topped out at $68.61 for the day. The stock traded down to $67.90 during the day, due to lack of any buying support eventually closed down at $67.94 with a loss of -0.10% for the day. The stock had closed at $68.01 on the previous day. The total traded volume was 1,556,895 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 -15.69% . Institutional Investors own 81.18% 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%. In a related news, 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.
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.