Ingersoll-Rand Plc (IR) Forms $90.39 Double Bottom; Gorman Rupp Co (GRC) Sentiment Is 1.3

February 15, 2018 - By Nellie Frank

The Gorman-Rupp Company designs, manufactures, and sells pumps and pump systems worldwide. The company has market cap of $707.49 million. The companyÂ’s products include self-priming centrifugal, standard centrifugal, magnetic drive centrifugal, axial and mixed flow, vertical turbine line shaft, submersible, high pressure booster, rotary gear, diaphragm, bellow, and oscillating pumps. It has a 26.57 P/E ratio. The Company’s products are used in water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire protection, military, and other liquid-handling applications, as well as in heating, ventilating, and air conditioning applications.

Ingersoll-Rand Plc (IR) formed double bottom with $84.97 target or 6.00% below today’s $90.39 share price. Ingersoll-Rand Plc (IR) has $22.59 billion valuation. The stock increased 0.14% or $0.13 during the last trading session, reaching $90.39. About 1.85 million shares traded or 3.17% up from the average. Ingersoll-Rand Plc (NYSE:IR) has risen 39.42% since February 15, 2017 and is uptrending. It has outperformed by 22.72% the S&P500.

The stock decreased 0.50% or $0.14 during the last trading session, reaching $27.1. About 37,133 shares traded. The Gorman-Rupp Company (GRC) has declined 10.04% since February 15, 2017 and is downtrending. It has underperformed by 26.74% the S&P500.

Morgan Dempsey Capital Management Llc holds 2.51% of its portfolio in The Gorman-Rupp Company for 227,623 shares. Grace & White Inc Ny owns 364,752 shares or 2.47% of their US portfolio. Moreover, Fruth Investment Management has 1.05% invested in the company for 70,013 shares. The New York-based Teton Advisors Inc. has invested 0.37% in the stock. Lbmc Investment Advisors Llc, a Tennessee-based fund reported 61,116 shares.

Among 22 analysts covering Ingersoll-Rand Plc (NYSE:IR), 12 have Buy rating, 0 Sell and 10 Hold. Therefore 55% are positive. Ingersoll-Rand Plc had 69 analyst reports since July 30, 2015 according to SRatingsIntel. The company was maintained on Wednesday, November 15 by Robert W. Baird. As per Thursday, April 14, the company rating was maintained by Susquehanna. The stock of Ingersoll-Rand Plc (NYSE:IR) has “Hold” rating given on Wednesday, January 3 by RBC Capital Markets. The firm has “Buy” rating by Stifel Nicolaus given on Monday, September 11. The company was maintained on Wednesday, October 28 by Stifel Nicolaus. The stock has “Buy” rating by Jefferies on Thursday, July 13. The firm has “Buy” rating given on Wednesday, October 18 by Stifel Nicolaus. The company was maintained on Thursday, February 1 by Susquehanna. The rating was upgraded by Nomura on Monday, March 7 to “Buy”. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Friday, October 27 report.

Investors sentiment increased to 1.16 in 2017 Q3. Its up 0.28, from 0.88 in 2017Q2. It improved, as 41 investors sold Ingersoll-Rand Plc shares while 190 reduced holdings. 77 funds opened positions while 191 raised stakes. 202.31 million shares or 0.64% more from 201.02 million shares in 2017Q2 were reported. Fred Alger Mngmt holds 0% or 245 shares in its portfolio. Clark Management Group Inc owns 0.85% invested in Ingersoll-Rand Plc (NYSE:IR) for 282,446 shares. Park National Corporation Oh owns 10,904 shares. Dimensional Fund Advsr Limited Partnership has invested 0.09% in Ingersoll-Rand Plc (NYSE:IR). Ahl Ptnrs Llp reported 162,043 shares. Ferguson Wellman Capital Management Inc stated it has 288,381 shares or 0.93% of all its holdings. Nippon Life Insur, a Japan-based fund reported 17,556 shares. Invesco Limited invested in 6.23 million shares or 0.21% of the stock. Willingdon Wealth Management invested in 0% or 92 shares. Moreover, Oakbrook Ltd Com has 0.12% invested in Ingersoll-Rand Plc (NYSE:IR) for 20,691 shares. Heritage Wealth Advisors reported 3,746 shares. Thompson Inv Mgmt has invested 0.21% of its portfolio in Ingersoll-Rand Plc (NYSE:IR). Pennsylvania-based Pnc Fincl Services Incorporated has invested 0.13% in Ingersoll-Rand Plc (NYSE:IR). Hbk Invs Limited Partnership reported 30,400 shares. Holderness Investments Communication owns 0.39% invested in Ingersoll-Rand Plc (NYSE:IR) for 8,525 shares.

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