Ingersoll Rand Inc. (NYSE: IR) has been actively involved in various
financial and operational activities. There have been multiple efforts to estimate its fair value.
Victory Capital Management Inc. substantially reduced its holdings in the company. The company also successfully completed a
$3300 million senior unsecured bond offering and a new $2600 million senior financing. Their Q4 earnings outperformed expectations, with revenues rising by 14%. The company led a $19M financing round for Inkbit to bolster additive manufacturing. It also made strategic acquisitions of
Oxywise and Fraserwoods for $26M. The company's stock price target was cut to $98.00 by industry analysts at
Wells Fargo & Company then increased to $109.00 by Robert W. Baird. A five-year investment in the Ingersoll Rand showed a 239% gain. A significant number of shares were acquired by
Savant Capital LLC. Ingersoll Rand's Q4 earnings and revenues exceeded estimates, and its VP,
Michael Scheske, sold 11,401 shares of IR.
Ingersoll Rand IR News Analytics from Mon, 21 Aug 2023 07:00:00 GMT to Sun, 12 May 2024 19:35:20 GMT -
Rating 6
- Innovation 4
- Information 7
- Rumor 0
