Ingersoll Rand (IR) is expected to see growth in earnings, but some analysts have concerns regarding its balance sheet as Q3 earnings approach. The company declares a quarterly cash dividend with elevations in share price, and Ethic Inc. and Callan Family Office LLC have increased their holdings. However, the company also experienced a 6 day losing streak, with a net return of -9.6%. Its quarterly earnings were in line with estimates, but received a rating of 'Hold' from Weiss Ratings. The company is also looking at M&A opportunities, despite a Q2 loss, credited to a strong balance sheet. Its Q2 sales beat targets and raised 2024 guidance but share prices fell. In other promising aspects, the company expands through a €160M TMIC Acquisition and has appointed knowledgeable Aurobind Satpathy to its Board of Directors. While IR's report, forecasts and emphasis on M&A and sustainability reveals potential, some element of cautious optimism is suggested heading into its earnings. There are also signs of resilience and growth through strategic acquisitions. Again, caution is advised given warnings of tariff concerns.
Ingersoll Rand IR News Analytics from Tue, 04 Feb 2025 08:00:00 GMT to Fri, 24 Oct 2025 13:14:50 GMT -
Rating 2
- Innovation 3
- Information 7
- Rumor -1
