The management firm
Wealthspire Advisors LLC has invested $204,000 in Ingersoll Rand Inc. while other investment entities including
Empowered Funds LLC, Duality Advisers LP, and
Geneos Wealth Management Inc. have all acquired substantial shares of the company. Consequently, Ingersoll Rand stock has outperformed competitors on strong trading days. Financial professionals foresee decent prospects for the company, despite recent stock weaknesses. The investment movement towards
Ingersoll Rand indicates a forecast of profitable returns, driving its price target to increase to $102.00 by analysts at Wells Fargo & Company. The raise in
Ingersoll Rand’s Q1 2024 Earnings, revenue miss, and
analyst upgrades also sets the pace for a new 1-Year high. Despite the recent sale of a small amount of
Ingersoll Rand shares by
Allspring Global Investments Holdings LLC,
Jim Cramer opines that
Ingersoll Rand may rebound.
Ingersoll Rand’s impressive climate outlook, acquisition of
ILC Dover and three other companies, and an authorized increase in
share repurchase, signify strategic growth. However,
Ingersoll Rand insiders have sold US$9.2m of stock, signaling potential caution. Despite this, the company’s performance in
Q1 earnings and the acquisition of
Friulair to expand air treatment capabilities seems promising.
Ingersoll Rand IR News Analytics from Fri, 18 Aug 2023 07:00:00 GMT to Sun, 14 Jul 2024 18:19:53 GMT -
Rating 6
- Innovation 7
- Information 8
- Rumor 5
