Martin & Company Holding in Ingersoll Rand Plc (IR) Has Lowered as Stock Rose; Union Pac (UNP) Valuation Declined While Soroban Capital Partners LP Has Decreased Holding by $1.05 Billion

January 14, 2018 - By Hazel Jackson

Martin & Company Inc decreased its stake in Ingersoll Rand Plc (IR) by 4.91% based on its latest 2017Q3 regulatory filing with the SEC. Martin & Company Inc sold 4,255 shares as the company’s stock rose 10.19% with the market. The institutional investor held 82,485 shares of the o.e.m. company at the end of 2017Q3, valued at $7.36M, down from 86,740 at the end of the previous reported quarter. Martin & Company Inc who had been investing in Ingersoll Rand Plc for a number of months, seems to be less bullish one the $22.76B market cap company. The stock decreased 0.97% or $0.89 during the last trading session, reaching $91.1. About 1.74M shares traded. Ingersoll-Rand Plc (NYSE:IR) has risen 39.42% since January 14, 2017 and is uptrending. It has outperformed by 22.72% the S&P500.

Eric W. Mandelblatt decreased its stake in Union Pac Corp (UNP) by 48.7% based on its latest 2017Q3 regulatory filing with the SEC. Soroban Capital Partners Lp sold 9.13 million shares as the company’s stock declined 2.52% while stock markets rallied. The hedge fund run by Eric W. Mandelblatt held 9.62 million shares of the railroads company at the end of 2017Q3, valued at $1.12B, down from 18.75 million at the end of the previous reported quarter. Soroban Capital Partners Lp who had been investing in Union Pac Corp for a number of months, seems to be less bullish one the $111.13B market cap company. The stock increased 0.58% or $0.82 during the last trading session, reaching $141.17. About 3.27 million shares traded. Union Pacific Corporation (NYSE:UNP) has risen 31.45% since January 14, 2017 and is uptrending. It has outperformed by 14.75% the S&P500.

Analysts await Union Pacific Corporation (NYSE:UNP) to report earnings on January, 18. They expect $1.53 EPS, up 10.07% or $0.14 from last year’s $1.39 per share. UNP’s profit will be $1.20 billion for 23.07 P/E if the $1.53 EPS becomes a reality. After $1.50 actual EPS reported by Union Pacific Corporation for the previous quarter, Wall Street now forecasts 2.00% EPS growth.

Among 28 analysts covering Union Pacific Corporation (NYSE:UNP), 12 have Buy rating, 2 Sell and 14 Hold. Therefore 43% are positive. Union Pacific Corporation had 93 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of Union Pacific Corporation (NYSE:UNP) has “Neutral” rating given on Friday, October 27 by UBS. The company was maintained on Monday, April 11 by Barclays Capital. The rating was maintained by Robert W. Baird with “Hold” on Thursday, October 5. Credit Suisse maintained the stock with “Outperform” rating in Friday, February 19 report. The firm earned “Market Perform” rating on Friday, April 28 by Cowen & Co. BMO Capital Markets maintained Union Pacific Corporation (NYSE:UNP) on Thursday, September 14 with “Buy” rating. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, June 1. Barclays Capital downgraded the shares of UNP in report on Monday, October 5 to “Equal-Weight” rating. The rating was initiated by Scotia Capital with “Sector Outperform” on Tuesday, March 15. Argus Research maintained it with “Buy” rating and $80 target in Monday, January 25 report.

Investors sentiment decreased to 0.9 in Q3 2017. Its down 0.02, from 0.92 in 2017Q2. It dropped, as 67 investors sold UNP shares while 490 reduced holdings. 95 funds opened positions while 408 raised stakes. 601.66 million shares or 1.15% less from 608.67 million shares in 2017Q2 were reported. Korea Inv accumulated 644,056 shares or 0.35% of the stock. Guardian Life Insurance Com Of America holds 0.03% or 1,820 shares in its portfolio. Adage Prns Group Incorporated Lc owns 0.32% invested in Union Pacific Corporation (NYSE:UNP) for 1.15 million shares. Moreover, Canada Pension Plan Board has 0.84% invested in Union Pacific Corporation (NYSE:UNP) for 3.56 million shares. Moreover, Asset Mngmt has 0.22% invested in Union Pacific Corporation (NYSE:UNP). Perella Weinberg Ptnrs Management LP invested 0.04% of its portfolio in Union Pacific Corporation (NYSE:UNP). Caprock Inc reported 0.09% stake. Community Natl Bank Of Raymore reported 0.89% stake. Brown Advisory Securities Ltd Liability Corp stated it has 3,405 shares or 0.09% of all its holdings. Cohen Klingenstein Ltd Liability Co invested 1.05% in Union Pacific Corporation (NYSE:UNP). Savant Ltd Liability holds 14,602 shares or 0.38% of its portfolio. Boston Advsrs Ltd Llc reported 0.46% of its portfolio in Union Pacific Corporation (NYSE:UNP). 15,550 are owned by Independent Invsts. Lpl Fin Limited Liability, a California-based fund reported 136,450 shares. Northwestern Mutual Wealth Management Com holds 0.11% or 136,969 shares in its portfolio.

Soroban Capital Partners Lp, which manages about $10.82 billion and $26.50B US Long portfolio, upped its stake in Broadcom Ltd by 467,551 shares to 3.28 million shares, valued at $795.72M in 2017Q3, according to the filing. It also increased its holding in Alphabet Inc by 367,768 shares in the quarter, for a total of 767,768 shares, and has risen its stake in Jpmorgan Chase & Co (Call) (AMJ).

Investors sentiment increased to 1.16 in 2017 Q3. Its up 0.28, from 0.88 in 2017Q2. It increased, 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. First Pacific Advsrs Ltd has 0.01% invested in Ingersoll-Rand Plc (NYSE:IR). Boston Advsrs Ltd Llc, Massachusetts-based fund reported 2,282 shares. 372,803 were accumulated by British Columbia Invest Mngmt Corporation. Old Second Bank Of Aurora owns 1,531 shares or 0.06% of their US portfolio. Moreover, United Ser Automobile Association has 0.03% invested in Ingersoll-Rand Plc (NYSE:IR). Gofen & Glossberg Ltd Il invested in 0.02% or 5,238 shares. Cls Invs Ltd reported 42 shares or 0% of all its holdings. Eagle Glob Limited Liability Company stated it has 111,321 shares. Gamble Jones Invest Counsel owns 3,000 shares. Jefferies Grp Inc Inc Ltd Liability Corp holds 150,680 shares or 0.09% of its portfolio. Financial stated it has 0.03% of its portfolio in Ingersoll-Rand Plc (NYSE:IR). Morgan Stanley has 3.44 million shares. Florida-based Raymond James Assocs has invested 0.1% in Ingersoll-Rand Plc (NYSE:IR). Richard Bernstein Advisors Limited Liability Corporation holds 0.24% or 38,781 shares in its portfolio. Glenmede Com Na holds 0.55% in Ingersoll-Rand Plc (NYSE:IR) or 1.40M shares.

Martin & Company Inc, which manages about $1.98B and $307.19M US Long portfolio, upped its stake in Union Bankshares Corp. (NASDAQ:UBSH) by 17,941 shares to 69,246 shares, valued at $2.44 million in 2017Q3, according to the filing. It also increased its holding in Cobiz Finanical Inc. (NASDAQ:COBZ) by 40,585 shares in the quarter, for a total of 111,009 shares, and has risen its stake in Flushing Financial Corp. (NASDAQ:FFIC).

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 62 analyst reports since July 30, 2015 according to SRatingsIntel. Nomura upgraded it to “Buy” rating and $68 target in Monday, March 7 report. The company was maintained on Wednesday, April 12 by Credit Suisse. Buckingham Research upgraded Ingersoll-Rand Plc (NYSE:IR) on Thursday, April 14 to “Buy” rating. BMO Capital Markets maintained the shares of IR in report on Tuesday, July 18 with “Buy” rating. The firm earned “Buy” rating on Monday, October 9 by Citigroup. The rating was downgraded by Bank of America to “Hold” on Tuesday, October 17. The rating was downgraded by KeyBanc Capital Markets on Friday, September 9 to “Sector Weight”. The firm has “Overweight” rating by Morgan Stanley given on Monday, September 25. RBC Capital Markets maintained Ingersoll-Rand Plc (NYSE:IR) rating on Monday, July 10. RBC Capital Markets has “Hold” rating and $8500 target. The stock of Ingersoll-Rand Plc (NYSE:IR) earned “Buy” rating by UBS on Thursday, July 27.

Analysts await Ingersoll-Rand Plc (NYSE:IR) to report earnings on February, 7. They expect $1.03 EPS, up 22.62% or $0.19 from last year’s $0.84 per share. IR’s profit will be $257.36 million for 22.11 P/E if the $1.03 EPS becomes a reality. After $1.44 actual EPS reported by Ingersoll-Rand Plc for the previous quarter, Wall Street now forecasts -28.47% negative EPS growth.

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