Ingersoll Rand Inc. (NYSE:IR) enjoys a 'Moderate Buy' rating from various brokerage firms and is under the scanner for its trading price of US$91.09. Brokerages predict the company's average price target at $95.82 as it significantly outperforms its competitors. The fourth quarter resulted in an increase in its stock's short interest while
Arrow Financial Corp and
US Bancorp DE respectively increased and reduced their stock positions.
Wells Fargo & Company and
Commerce Bank sold their shares. Recent assets were acquired by the company to add value. The firm also reported impressive financial figures and topped estimates for the first and fourth quarters while missing expectations during the third quarter. The company's earnings call for the fourth quarter of 2023 revealed continuous growth.
Ingersoll Rand acquired
Oxywise,
Fraserwoods, and
Dosatron International. The buyouts boosted its portfolio and diversified its reach into various industrial sectors.
Arrow Financial Corp and
US Bancorp DE made changes to their positions in Ingersoll Rand stocks, and
Artisan Partners Limited Partnership sold shares. The company maintained a strong Balance Sheet and continued its capital structure enhancements.
Ingersoll Rand also reported record results for the fourth quarter and the entire year of 2023.
Ingersoll Rand IR News Analytics from Thu, 10 Aug 2023 07:00:00 GMT to Sun, 02 Jun 2024 08:39:29 GMT -
Rating 6
- Innovation 4
- Information 7
- Rumor -3
