Ingersoll Rand Inc. has been making considerable moves lately. The company recently accumulated additional shares courtesty of
Wealth Enhancement Advisory Services and
First Trust Direct Indexing. High speculation towards the firm's stock has caused an 8% increase in short interest. Meanwhile, opinions are mixed; whilst some suggest investigating the company while it's priced at US$91.09, others anticipate a rebound as per Jim Cramer's predictions. Ingersoll Rand has recently been on an acquiring spree, buying three companies in a deal amounting to $150M and ILC Dover to expand their portfolio. Multiple institutional investors such as Maryland State Retirement & Pension System, Azzad Asset Management, and Griffin Asset Management have increased their stakes. On top of that, Ingersoll Rand has led a financing round for
Inkbit, advancing multi-functional additive manufacturing. Their share price has shown substantial growth with
239% gain if invested five years ago. However, others like Los Angeles Capital Management have reduced their holdings. Ingersoll Rand has showcased remarkable financial performances in recent quarters. Nonetheless, some insiders have sold a substantial amount of stock, possibly signalling caution. Amid these developments, the company has further enhanced its capital structure and also made certain management changes.
Ingersoll Rand IR News Analytics from Mon, 21 Aug 2023 07:00:00 GMT to Sun, 07 Jul 2024 14:35:10 GMT -
Rating 8
- Innovation 7
- Rumor -2
