State Of Tennessee Treasury Department Has Increased Its Position in Ingersoll (IR) by $6.71 Million as Share Value Rose; Auto Data Processing (ADP) Market Value Declined While Mountain Pacific Investment Advisers Decreased Holding by $3.87 Million

January 23, 2018 - By Stephen Andrade

State Of Tennessee Treasury Department increased its stake in Ingersoll (IR) by 28.71% based on its latest 2017Q3 regulatory filing with the SEC. State Of Tennessee Treasury Department bought 75,419 shares as the company’s stock rose 10.19% with the market. The institutional investor held 338,123 shares of the o.e.m. company at the end of 2017Q3, valued at $30.15M, up from 262,704 at the end of the previous reported quarter. State Of Tennessee Treasury Department who had been investing in Ingersoll for a number of months, seems to be bullish on the $22.93B market cap company. The stock increased 2.15% or $1.93 during the last trading session, reaching $91.77. About 1.61 million shares traded. Ingersoll-Rand Plc (NYSE:IR) has risen 39.42% since January 23, 2017 and is uptrending. It has outperformed by 22.72% the S&P500.

Mountain Pacific Investment Advisers Inc decreased its stake in Auto Data Processing (ADP) by 78.82% based on its latest 2017Q3 regulatory filing with the SEC. Mountain Pacific Investment Advisers Inc sold 35,539 shares as the company’s stock declined 1.06% while stock markets rallied. The institutional investor held 9,550 shares of the technology company at the end of 2017Q3, valued at $1.04M, down from 45,089 at the end of the previous reported quarter. Mountain Pacific Investment Advisers Inc who had been investing in Auto Data Processing for a number of months, seems to be less bullish one the $54.15B market cap company. The stock decreased 0.55% or $0.67 during the last trading session, reaching $122.1. About 1.35M shares traded. Automatic Data Processing, Inc. (NASDAQ:ADP) has risen 15.83% since January 23, 2017 and is uptrending. It has underperformed by 0.87% the S&P500.

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 63 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of Ingersoll-Rand Plc (NYSE:IR) has “Equal-Weight” rating given on Monday, October 5 by Barclays Capital. The stock of Ingersoll-Rand Plc (NYSE:IR) has “Buy” rating given on Friday, December 8 by Goldman Sachs. Citigroup maintained the shares of IR in report on Monday, October 9 with “Buy” rating. The firm has “Outperform” rating given on Monday, April 4 by CLSA. As per Monday, April 3, the company rating was maintained by Jefferies. RBC Capital Markets maintained it with “Hold” rating and $95.0 target in Wednesday, January 3 report. The stock of Ingersoll-Rand Plc (NYSE:IR) has “Hold” rating given on Monday, June 5 by RBC Capital Markets. On Wednesday, September 20 the stock rating was downgraded by JP Morgan to “Neutral”. Stifel Nicolaus maintained Ingersoll-Rand Plc (NYSE:IR) rating on Wednesday, October 28. Stifel Nicolaus has “Buy” rating and $64 target. RBC Capital Markets maintained Ingersoll-Rand Plc (NYSE:IR) on Wednesday, October 28 with “Sector Perform” rating.

State Of Tennessee Treasury Department, which manages about $19.68 billion US Long portfolio, decreased its stake in Caterpillar Inc Del (NYSE:CAT) by 127,242 shares to 428,763 shares, valued at $53.47M in 2017Q3, according to the filing. It also reduced its holding in Devon Energy Corp New (NYSE:DVN) by 241,524 shares in the quarter, leaving it with 143,045 shares, and cut its stake in Brunswick Corp (NYSE:BC).

Investors sentiment increased to 1.16 in 2017 Q3. Its up 0.28, from 0.88 in 2017Q2. It is positive, as 41 investors sold IR 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. Denver Advsrs Limited holds 0.01% or 2,638 shares. Wells Fargo & Mn invested in 0.03% or 958,501 shares. St Germain D J Incorporated has invested 0.03% of its portfolio in Ingersoll-Rand Plc (NYSE:IR). 129 are owned by Parkside Fincl Bank And. Zurcher Kantonalbank (Zurich Cantonalbank) reported 70,662 shares. Scotia stated it has 0.01% in Ingersoll-Rand Plc (NYSE:IR). Fruth Investment Management has invested 1.03% of its portfolio in Ingersoll-Rand Plc (NYSE:IR). Oppenheimer Asset invested in 9 shares or 0% of the stock. Schroder Mngmt Gp owns 15,500 shares for 0% of their portfolio. Eaton Vance Mngmt invested in 0.01% or 58,608 shares. Texas Permanent School Fund reported 70,299 shares. Art Advisors Lc invested in 0.1% or 22,600 shares. Fiduciary Tru stated it has 0.01% in Ingersoll-Rand Plc (NYSE:IR). 413,069 are owned by Ny State Teachers Retirement Sys. Meiji Yasuda Life Commerce owns 0.15% invested in Ingersoll-Rand Plc (NYSE:IR) for 11,400 shares.

Among 19 analysts covering Automatic Data (NASDAQ:ADP), 5 have Buy rating, 2 Sell and 12 Hold. Therefore 26% are positive. Automatic Data had 51 analyst reports since August 3, 2015 according to SRatingsIntel. Bank of America upgraded Automatic Data Processing, Inc. (NASDAQ:ADP) on Tuesday, December 5 to “Buy” rating. The firm earned “Hold” rating on Monday, November 6 by RBC Capital Markets. Bernstein maintained Automatic Data Processing, Inc. (NASDAQ:ADP) on Tuesday, October 31 with “Outperform” rating. As per Tuesday, June 20, the company rating was downgraded by Goldman Sachs. William Blair upgraded the shares of ADP in report on Monday, August 31 to “Outperform” rating. The firm has “Hold” rating by RBC Capital Markets given on Wednesday, September 13. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, July 27. Stifel Nicolaus maintained it with “Hold” rating and $113.0 target in Thursday, November 2 report. As per Tuesday, May 3, the company rating was maintained by Argus Research. The stock has “Hold” rating by Stifel Nicolaus on Monday, August 28.

Analysts await Automatic Data Processing, Inc. (NASDAQ:ADP) to report earnings on February, 7. They expect $0.89 EPS, up 2.30% or $0.02 from last year’s $0.87 per share. ADP’s profit will be $394.71 million for 34.30 P/E if the $0.89 EPS becomes a reality. After $0.91 actual EPS reported by Automatic Data Processing, Inc. for the previous quarter, Wall Street now forecasts -2.20% negative EPS growth.

Investors sentiment decreased to 0.68 in Q3 2017. Its down 0.09, from 0.77 in 2017Q2. It fall, as 60 investors sold ADP shares while 457 reduced holdings. 109 funds opened positions while 241 raised stakes. 342.26 million shares or 3.77% less from 355.68 million shares in 2017Q2 were reported. 2,017 are owned by Farmers Savings Bank. Covington Cap Management has invested 0.45% in Automatic Data Processing, Inc. (NASDAQ:ADP). Korea Investment Corp owns 233,292 shares. Grantham Mayo Van Otterloo Ltd Liability accumulated 343,322 shares or 0.22% of the stock. Garde Capital has invested 0.19% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP). Crow Point Prns Ltd Co owns 1,666 shares or 0.03% of their US portfolio. Magnetar Financial Ltd has 17,025 shares. Adage Cap Prtnrs Ltd Liability Company holds 0.23% or 872,900 shares in its portfolio. Jnba Fin invested 0.01% in Automatic Data Processing, Inc. (NASDAQ:ADP). Van Cleef Asset Managementinc owns 15,136 shares for 0.45% of their portfolio. East Coast Asset Mgmt Limited Liability Com invested 0.65% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP). Checchi Cap Advisers Limited Liability Corporation reported 5,211 shares or 0.06% of all its holdings. Highstreet Asset Mgmt holds 150 shares. North Mgmt Corporation invested 1.83% in Automatic Data Processing, Inc. (NASDAQ:ADP). Amer Advsrs Ltd Company stated it has 0.29% in Automatic Data Processing, Inc. (NASDAQ:ADP).

Since September 1, 2017, it had 0 insider purchases, and 20 selling transactions for $30.54 million activity. Politi Douglas W had sold 20,909 shares worth $2.42 million on Monday, January 1. Another trade for 25,115 shares valued at $2.91M was sold by O’Brien Dermot J. 1,592 shares valued at $184,720 were sold by Dyson Deborah L on Tuesday, January 2. Shares for $55,346 were sold by Sackman Stuart. 7,886 shares were sold by Flynn Edward B III, worth $928,498 on Tuesday, January 9. Siegmund Jan sold $5.68M worth of Automatic Data Processing, Inc. (NASDAQ:ADP) on Monday, January 1.

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