Ingersoll Rand (IR), despite facing some
lag compared to other industrial products stocks, saw its stock rise even though it's still underperforming in the market. Stake changes occurred, with BNC Wealth Management LLC acquiring 24,746 shares, Asset Management One Co. Ltd buying shares, and Kornitzer Capital Management Inc. reducing its position.
Ingersoll Rand's earnings were notably better than it appeared, with Q3 earnings miss followed by Q3 earnings exceeding estimates. Its share price adjusted after Robert W. Baird lowered the target to $109.00. Further, it reported record third quarter 2024 results. In addition to financial performance, the company made strategic moves like three bolt-on acquisitions while also being subject to analyst reviews, predictions, and SWOT analysis. Notably, the National Pension Service raised its stock position and saw a relative-price strength rise. Despite facing some headwinds,
Ingersoll Rand continued repositioning by seeking new acquisitions, readjusting its annual growth forecast, and releasing its Q3 earnings. Towards the end, the firm enhanced its portfolio with three acquisitions, executed a $2.6 billion commercial paper program, and reported adjusted EBITDA and EPS performance.
Ingersoll Rand IR News Analytics from Wed, 24 Jan 2024 08:00:00 GMT to Fri, 08 Nov 2024 15:04:22 GMT -
Rating 6
- Innovation 7
- Information 7
- Rumor -2
