Ingersoll Rand Inc.'s (NYSE:IR) current performance has shown fluctuations, underperforming in the market compared to competitors, despite moments of overperformance.
UBS Group has initiated coverage of the company.
Capital International Investors and
Capital Research Global Investors have both bolstered their stake in Ingersoll Rand. The company had a
strong trading day and showed
record performance for their Q3 2024 results. Ingersoll Rand's financials have played a role in driving the stock up. However, there are concerns about its returns on capital. Ingersoll Rand has made
three acquisitions yet missed its Q3 sales targets. The price target for IR was lowered by
Robert W. Baird due to a trim in outlook, but the company beat Q3 earnings estimates. Some insiders are offloading stocks, signaling potential bearish trends. Ingersoll Rand has achieved
record quarterly revenue and is moving forward with a $2.6 billion commercial paper program. New York State Common Retirement Fund has cut its stake in the company, while Janney Montgomery Scott LLC and Dakota Wealth Management have increased positions. Robeco Institutional Asset Management BV has, however, decreased its stock position. The overall perception of Ingersoll Rand is mixed. Some analysts maintain a bullish outlook, while others adopt a more bearish stance.
Ingersoll Rand IR News Analytics from Wed, 24 Jan 2024 08:00:00 GMT to Fri, 15 Nov 2024 21:56:00 GMT -
Rating 0
- Innovation -3
- Information 2
- Rumor -3
