Northern Trust Corp and other firms like
Stifel Financial Corp,
Allianz Asset Management GmbH, and
CIBC Asset Management Inc have recently sold considerable amounts of their holdings in
Ingersoll Rand Inc. (NYSE:IR). Despite this, other companies still maintain confidence in the company, with entities like
Tower Research Capital LLC TRC and
Public Employees Retirement Association of Colorado increasing their stakes.
Ingersoll Rand's CEO, Vicente Reynal, also sold a significant number of shares but retains a major stake in the firm. The company has made significant moves in acquisitions, with the recent buyout of
ILC Dover, as well as three other companies. Momentum remains strong for Ingersoll Rand, with encouraging earnings and revenues reports. However, the stock has underperformed compared to competitors on specific trading days. In the past five years, a $100 investment in Ingersoll Rand would have yielded a 239% gain.
Ingersoll Rand also plans to participate in upcoming investor conferences.
Ingersoll Rand IR News Analytics from Fri, 03 Nov 2023 07:00:00 GMT to Sun, 09 Jun 2024 16:27:26 GMT -
