Ingersoll Rand (IR) continues to perform well in the market with
earnings and
revenues exceeding estimates. The stock achieved a new 12-month high of
$96.21, and its robust performance led to wall street analysts echoing bullish sentiments. This strong performance was also marked by major trades with executive sellouts exceeding
$2m.
Significant investment has also been noted from major asset management firms such as
Norges Bank and
Principal Securities Inc.. Concurrently, Ingersoll Rand announced
major acquisitions, including the purchase of
Dosatron International for $90M, and inked a $19M deal with
Inkbit to further additive manufacturing. Further expansion into life sciences is noted with the acquisition of
ILC Dover for $2.325B. Q4 results showed a revenue increase of 14% Y/Y, showing impressive growth and resilience. Analysts have adjusted the company's price target to reflect its positive financial performance, with
Wells Fargo & Company cutting it to $98.00 and
Robert W. Baird increasing it to $109.00.
Ingersoll Rand IR News Analytics from Mon, 21 Aug 2023 07:00:00 GMT to Thu, 23 May 2024 10:30:49 GMT -
Rating 8
- Innovation 8
- Information 9
- Rumor 1
