Eagle Asset Management Position in Ingersoll (IR) Has Lowered as Market Valuation Declined; Danaher Del (DHR) Holder Lombard Odier Asset Management Switzerland Sa Has Increased Stake by $5.20 Million

June 13, 2018 - By Hazel Jackson

Ingersoll-Rand Plc (NYSE:IR) Logo

Lombard Odier Asset Management Switzerland Sa increased its stake in Danaher Corp Del (DHR) by 68.75% based on its latest 2018Q1 regulatory filing with the SEC. Lombard Odier Asset Management Switzerland Sa bought 53,597 shares as the company’s stock rose 1.29% while stock markets declined. The institutional investor held 131,554 shares of the industrial machinery and components company at the end of 2018Q1, valued at $12.88M, up from 77,957 at the end of the previous reported quarter. Lombard Odier Asset Management Switzerland Sa who had been investing in Danaher Corp Del for a number of months, seems to be bullish on the $72.08B market cap company. The stock increased 0.02% or $0.02 during the last trading session, reaching $103.18. About 845,810 shares traded. Danaher Corporation (NYSE:DHR) has risen 20.85% since June 13, 2017 and is uptrending. It has outperformed by 8.28% the S&P500. Some Historical DHR News: 19/04/2018 – Danaher 1Q Net $566.6M; 07/03/2018 – Danaher Had Forecast 1Q Adjusted EPS 90c-93c; 19/04/2018 – DANAHER CORP DHR.N SEES FY 2018 ADJUSTED NON-GAAP SHR $4.38 TO $4.45

Eagle Asset Management Inc decreased its stake in Ingersoll (IR) by 7.47% based on its latest 2018Q1 regulatory filing with the SEC. Eagle Asset Management Inc sold 20,634 shares as the company’s stock declined 0.93% with the market. The institutional investor held 255,494 shares of the o.e.m. company at the end of 2018Q1, valued at $21.85 million, down from 276,128 at the end of the previous reported quarter. Eagle Asset Management Inc who had been investing in Ingersoll for a number of months, seems to be less bullish one the $22.74B market cap company. The stock decreased 0.77% or $0.71 during the last trading session, reaching $91.72. About 650,235 shares traded. Ingersoll-Rand Plc (NYSE:IR) has risen 0.56% since June 13, 2017 and is uptrending. It has underperformed by 12.01% the S&P500. Some Historical IR News: 25/04/2018 – INGERSOLL RAND SEES EXCEEDING HIGH END OF RANGE ON YEAR EPS; 25/04/2018 – Ingersoll-Rand 1Q EPS 48c; 23/05/2018 – Ingersoll-Rand Presenting at UBS Conference Jun 14; 04/04/2018 – lngersoll Rand Declares Quarterly Dividend; 17/05/2018 – Mitsubishi Electric Trane HVAC Now Serving Ductless Customers; 25/04/2018 – Ingersoll-Rand 1Q Net $120.4M; 12/04/2018 – lngersoll Rand Achieves 2020 Energy Efficiency Goal and Advances Climate Commitment with Renewable Energy; 29/05/2018 – Thermo King “Moves Food” to Increase Food Security; 25/04/2018 – INGERSOLL-RAND 1Q NET REV. $3.38B, EST. $3.19B; 15/05/2018 – RREEF PROPERTY TRUST, INC. APPOINTS JULIANNA INGERSOLL AS PRESIDENT AND CEO

Among 23 analysts covering Ingersoll-Rand Plc (NYSE:IR), 13 have Buy rating, 0 Sell and 10 Hold. Therefore 57% are positive. Ingersoll-Rand Plc had 77 analyst reports since July 30, 2015 according to SRatingsIntel. RBC Capital Markets maintained Ingersoll-Rand Plc (NYSE:IR) rating on Thursday, September 28. RBC Capital Markets has “Hold” rating and $93.0 target. The stock of Ingersoll-Rand Plc (NYSE:IR) earned “Hold” rating by RBC Capital Markets on Monday, July 10. Buckingham Research upgraded it to “Buy” rating and $71 target in Thursday, April 14 report. Barclays Capital maintained the shares of IR in report on Monday, October 5 with “Equal-Weight” rating. The stock of Ingersoll-Rand Plc (NYSE:IR) earned “Outperform” rating by Wells Fargo on Monday, March 20. On Tuesday, July 18 the stock rating was maintained by BMO Capital Markets with “Buy”. The rating was maintained by Susquehanna with “Neutral” on Thursday, April 14. The stock of Ingersoll-Rand Plc (NYSE:IR) has “Equal-Weight” rating given on Friday, October 27 by Morgan Stanley. The stock of Ingersoll-Rand Plc (NYSE:IR) has “Sector Perform” rating given on Thursday, October 27 by RBC Capital Markets. Jefferies maintained the shares of IR in report on Friday, October 13 with “Buy” rating.

More recent Ingersoll-Rand Plc (NYSE:IR) news were published by: Seekingalpha.com which released: “Results from Ingersoll Rand’s annual meeting” on June 11, 2018. Also Globenewswire.com published the news titled: “New Research: Key Drivers of Growth for Ingersoll-Rand PLC, McEwen Mining, Sociedad Quimica y Minera SA …” on June 08, 2018. Forbes.com‘s news article titled: “Europe’s ‘Largest Cooling System’ Boosts Anglo-French Channel Tunnel’s Sustainability Drive” with publication date: June 05, 2018 was also an interesting one.

Investors sentiment decreased to 1 in Q1 2018. Its down 0.04, from 1.04 in 2017Q4. It fall, as 46 investors sold IR shares while 206 reduced holdings. 65 funds opened positions while 187 raised stakes. 191.38 million shares or 1.75% less from 194.79 million shares in 2017Q4 were reported. Lombard Odier Asset Mngmt (Europe) Ltd holds 0.02% of its portfolio in Ingersoll-Rand Plc (NYSE:IR) for 2,784 shares. 7,741 were reported by Johnson Inv Counsel Inc. Coastline Tru owns 12,560 shares or 0.17% of their US portfolio. Quantbot LP invested in 0.08% or 10,772 shares. Moreover, Oregon Public Employees Retirement Fund has 0.03% invested in Ingersoll-Rand Plc (NYSE:IR) for 26,869 shares. Moreno Evelyn V holds 4,000 shares or 0.1% of its portfolio. 42,846 were reported by Farmers Trust Communications. Aspen Invest Management stated it has 0.22% in Ingersoll-Rand Plc (NYSE:IR). Alyeska Grp Ltd Partnership owns 1.39% invested in Ingersoll-Rand Plc (NYSE:IR) for 1.79M shares. Jump Trading Ltd Limited Liability Company holds 2,744 shares. Advisory Ntwk accumulated 0.01% or 1,689 shares. Grimes & Incorporated reported 0.19% of its portfolio in Ingersoll-Rand Plc (NYSE:IR). Signaturefd Ltd Liability holds 0.01% or 1,031 shares in its portfolio. Northstar Grp Incorporated Incorporated stated it has 0.16% in Ingersoll-Rand Plc (NYSE:IR). Bragg Fincl Advisors Incorporated stated it has 0.42% of its portfolio in Ingersoll-Rand Plc (NYSE:IR).

Eagle Asset Management Inc, which manages about $25.60B and $18.39B US Long portfolio, upped its stake in Burlington Stores Inc (NYSE:BURL) by 92,097 shares to 1.47 million shares, valued at $195.82 million in 2018Q1, according to the filing. It also increased its holding in Brunswick Corp (NYSE:BC) by 326,604 shares in the quarter, for a total of 859,780 shares, and has risen its stake in Radian Group Inc (NYSE:RDN).

Analysts await Ingersoll-Rand Plc (NYSE:IR) to report earnings on July, 25. They expect $1.70 earnings per share, up 14.09% or $0.21 from last year’s $1.49 per share. IR’s profit will be $421.53 million for 13.49 P/E if the $1.70 EPS becomes a reality. After $0.70 actual earnings per share reported by Ingersoll-Rand Plc for the previous quarter, Wall Street now forecasts 142.86% EPS growth.

Among 20 analysts covering Danaher Corporation (NYSE:DHR), 15 have Buy rating, 0 Sell and 5 Hold. Therefore 75% are positive. Danaher Corporation had 94 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Friday, June 24 by Bernstein. The firm has “Buy” rating by J.P. Morgan given on Friday, September 8. Argus Research maintained Danaher Corporation (NYSE:DHR) rating on Monday, October 26. Argus Research has “Buy” rating and $104 target. Stifel Nicolaus maintained Danaher Corporation (NYSE:DHR) rating on Thursday, October 1. Stifel Nicolaus has “Buy” rating and $98 target. Morgan Stanley upgraded Danaher Corporation (NYSE:DHR) rating on Tuesday, July 28. Morgan Stanley has “Overweight” rating and $100 target. Janney Capital downgraded the shares of DHR in report on Wednesday, June 7 to “Neutral” rating. The firm earned “Buy” rating on Friday, December 15 by Stifel Nicolaus. The stock of Danaher Corporation (NYSE:DHR) has “Sector Perform” rating given on Friday, May 27 by RBC Capital Markets. RBC Capital Markets maintained Danaher Corporation (NYSE:DHR) rating on Thursday, April 19. RBC Capital Markets has “Hold” rating and $10100 target. Credit Suisse maintained the stock with “Buy” rating in Thursday, May 25 report.

Since February 1, 2018, it had 0 insider buys, and 10 insider sales for $48.98 million activity. LOHR WALTER G also sold $1.04M worth of Danaher Corporation (NYSE:DHR) shares. The insider DANIEL WILLIAM K sold 131,066 shares worth $13.37 million. 10,578 Danaher Corporation (NYSE:DHR) shares with value of $1.06 million were sold by SCHWIETERS JOHN T. Lalor Angela S also sold $4.40 million worth of Danaher Corporation (NYSE:DHR) on Friday, February 2. 78,379 shares valued at $7.97 million were sold by COMAS DANIEL L on Friday, April 20. SPOON ALAN G also sold $318,249 worth of Danaher Corporation (NYSE:DHR) shares.

Lombard Odier Asset Management Switzerland Sa, which manages about $963.49 million US Long portfolio, decreased its stake in Cummins Inc (NYSE:CMI) by 6,778 shares to 10,210 shares, valued at $1.66M in 2018Q1, according to the filing. It also reduced its holding in Cvs Health Corp (NYSE:CVS) by 17,796 shares in the quarter, leaving it with 40,091 shares, and cut its stake in Vanguard Intl Equity Index F (VPL).

Investors sentiment is 0.97 in Q1 2018. Its the same as in 2017Q4. It is without change, as 43 investors sold DHR shares while 380 reduced holdings. only 84 funds opened positions while 327 raised stakes. 515.71 million shares or 0.14% less from 516.43 million shares in 2017Q4 were reported. 2,100 are owned by Sensato Ltd Co. Federated Investors Pa holds 0.2% or 703,618 shares. Tru Of Vermont reported 32,728 shares. Bsw Wealth Partners owns 0.16% invested in Danaher Corporation (NYSE:DHR) for 3,542 shares. State Bank Of Nova Scotia Commerce accumulated 0.64% or 56,447 shares. Keybank National Association Oh owns 511,313 shares. Kornitzer Cap Mngmt Ks has invested 0.65% in Danaher Corporation (NYSE:DHR). Wms Prns Lc has invested 0.2% in Danaher Corporation (NYSE:DHR). Polaris Greystone Group Ltd Liability Corporation accumulated 271,033 shares or 2.16% of the stock. Livforsakringsbolaget Skandia Omsesidigt invested in 0.08% or 9,486 shares. Roanoke Asset Management Ny stated it has 32,339 shares or 1.53% of all its holdings. Teachers Retirement Sys Of The State Of Kentucky holds 117,783 shares or 0.14% of its portfolio. Alley holds 0.92% in Danaher Corporation (NYSE:DHR) or 27,238 shares. Mutual Of America Mngmt Lc owns 78,536 shares for 0.12% of their portfolio. Natixis Advsrs LP has invested 0.17% in Danaher Corporation (NYSE:DHR).

Danaher Corporation (NYSE:DHR) Institutional Positions Chart

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