$1.44 EPS Expected for Ingersoll-Rand PLC (IR); Western Digital (WDC) Shorts Up By 40.6%

September 26, 2017 - By Peter Erickson

Analysts expect Ingersoll-Rand PLC (NYSE:IR) to report $1.44 EPS on October, 25.They anticipate $0.03 EPS change or 2.13% from last quarter’s $1.41 EPS. IR’s profit would be $365.31M giving it 15.43 P/E if the $1.44 EPS is correct. After having $1.49 EPS previously, Ingersoll-Rand PLC’s analysts see -3.36% EPS growth. It closed at $88.85 lastly. It is down 39.42% since September 26, 2016 and is uptrending. It has outperformed by 22.72% the S&P500.

Western Digital Corporation (NASDAQ:WDC) had an increase of 40.6% in short interest. WDC’s SI was 7.97 million shares in September as released by FINRA. Its up 40.6% from 5.67 million shares previously. With 3.83 million avg volume, 2 days are for Western Digital Corporation (NASDAQ:WDC)’s short sellers to cover WDC’s short positions. The SI to Western Digital Corporation’s float is 2.77%. About 1,508 shares traded. Western Digital Corp (NASDAQ:WDC) has risen 125.85% since September 26, 2016 and is uptrending. It has outperformed by 109.15% the S&P500.

Among 35 analysts covering Western Digital (NASDAQ:WDC), 25 have Buy rating, 1 Sell and 9 Hold. Therefore 71% are positive. Western Digital had 126 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of Western Digital Corp (NASDAQ:WDC) has “Buy” rating given on Monday, October 19 by Maxim Group. Cowen & Co maintained Western Digital Corp (NASDAQ:WDC) on Wednesday, September 7 with “Outperform” rating. Mizuho maintained Western Digital Corp (NASDAQ:WDC) on Tuesday, January 19 with “Neutral” rating. The stock of Western Digital Corp (NASDAQ:WDC) has “Buy” rating given on Thursday, June 2 by Jefferies. The firm has “Outperform” rating given on Thursday, January 5 by BMO Capital Markets. The company was maintained on Sunday, June 4 by Mizuho. The stock of Western Digital Corp (NASDAQ:WDC) earned “Buy” rating by BMO Capital Markets on Monday, June 26. The stock of Western Digital Corp (NASDAQ:WDC) has “Strong Buy” rating given on Thursday, October 27 by Needham. The stock of Western Digital Corp (NASDAQ:WDC) has “Buy” rating given on Wednesday, January 18 by Mizuho. The firm has “Buy” rating given on Thursday, January 26 by Mizuho.

Western Digital Corporation is a developer, maker and well-known provider of data storage devices and solutions that address the needs of the information technology (IT) industry and the infrastructure that enables the proliferation of data in virtually every industry. The company has market cap of $25.41 billion. The Company’s portfolio of offerings addresses three categories: Datacenter Devices and Solutions (capacity and performance enterprise hard disk drives (HDDs), enterprise solid state drives (SSDs), datacenter software and system solutions); Client Devices (mobile, desktop, gaming and digital video hard drives, client SSDs, embedded products and wafers), and Client Solutions (removable products, hard drive content solutions and flash content solutions). It has a 67.21 P/E ratio.

Since April 7, 2017, it had 0 insider buys, and 14 sales for $18.96 million activity. The insider RAY MICHAEL CHARLES sold $107,427. LONG MARK P sold 57,846 shares worth $5.03 million. CORDANO MICHAEL D also sold $447,996 worth of Western Digital Corp (NASDAQ:WDC) on Monday, May 8. Shares for $612,625 were sold by BHATIA MANISH H on Thursday, May 18. Sivaram Srinivasan had sold 40,182 shares worth $3.58M. Shares for $1.86M were sold by DeMaria Jacqueline.

Investors sentiment increased to 1.12 in 2017 Q2. Its up 0.11, from 1.01 in 2017Q1. It is positive, as 41 investors sold Western Digital Corp shares while 243 reduced holdings. 101 funds opened positions while 216 raised stakes. 233.59 million shares or 1.07% more from 231.11 million shares in 2017Q1 were reported. Hudock Grp Limited Liability Com accumulated 197 shares. Hsbc Public Limited reported 0.11% of its portfolio in Western Digital Corp (NASDAQ:WDC). Barclays Public Ltd invested in 0.04% or 382,916 shares. Lenox Wealth holds 0.01% or 288 shares in its portfolio. Synovus Fincl Corporation reported 0.02% in Western Digital Corp (NASDAQ:WDC). Point72 Asset Mngmt Lp reported 0.01% stake. Fuller Thaler Asset Mgmt has invested 0.03% of its portfolio in Western Digital Corp (NASDAQ:WDC). Moreover, Wealthtrust has 0.04% invested in Western Digital Corp (NASDAQ:WDC). Moreover, Panagora Asset Mgmt has 0% invested in Western Digital Corp (NASDAQ:WDC). Fund Mngmt Sa invested in 2,564 shares or 0% of the stock. Evercore Trust Na, New York-based fund reported 779,435 shares. Profund Limited holds 0.1% of its portfolio in Western Digital Corp (NASDAQ:WDC) for 24,602 shares. Mirae Asset Global Invs Limited accumulated 11,086 shares or 0.02% of the stock. Eagle Global Advisors Ltd Co has invested 0.01% in Western Digital Corp (NASDAQ:WDC). Scotia Capital holds 0.12% in Western Digital Corp (NASDAQ:WDC) or 77,652 shares.

Ingersoll-Rand Public Limited Company 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 has market cap of $22.54 billion. The Company’s business divisions include Climate and Industrial. It has a 22.38 P/E ratio. It is engaged in the design, manufacture, sale and service of a portfolio of industrial and commercial products that include brand names, such as Ingersoll-Rand, Trane, American Standard, ARO and Club Car.

Among 21 analysts covering Ingersoll-Rand Plc (NYSE:IR), 12 have Buy rating, 0 Sell and 9 Hold. Therefore 57% are positive. Ingersoll-Rand Plc had 51 analyst reports since July 30, 2015 according to SRatingsIntel. Wells Fargo upgraded the stock to “Outperform” rating in Monday, March 20 report. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, October 27. Argus Research maintained the shares of IR in report on Monday, August 3 with “Buy” rating. The rating was downgraded by JP Morgan to “Neutral” on Wednesday, September 20. The firm has “Equal-Weight” rating by Barclays Capital given on Monday, October 5. The rating was maintained by Stifel Nicolaus on Monday, September 11 with “Buy”. The firm has “Buy” rating by BMO Capital Markets given on Tuesday, July 18. The stock of Ingersoll-Rand PLC (NYSE:IR) earned “Buy” rating by Jefferies on Thursday, July 13. Stifel Nicolaus maintained Ingersoll-Rand PLC (NYSE:IR) rating on Wednesday, October 28. Stifel Nicolaus has “Buy” rating and $64 target. BMO Capital Markets initiated the stock with “Outperform” rating in Wednesday, July 13 report.

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