INGERSOLL RAND Shares Make Modest Gains in Mixed Market Session
April 21, 2023
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On Tuesday, Ingersoll Rand ($NYSE:IR) Inc. (IR) shares made modest gains in a session that saw a mixed performance by the stock market. IR closed at $56.32, up 0.43% from the previous close. Ingersoll Rand is a diversified industrial firm producing a wide range of products and services, including air compressors, HVAC equipment, power tools, material handling systems, and security solutions. Over the years, IR has grown to become a global leader in providing innovative and energy-efficient solutions to its customers. The company is committed to delivering sustainable value to its various stakeholders through operational excellence, innovation, and strategic partnerships.
Its portfolio of products and services is designed to help its customers improve their operations and boost productivity. IR also continues to commit itself to responsible corporate citizenship and environmental stewardship. Despite the mixed performance of the stock market, IR shares made modest gains on Tuesday, likely due to investor optimism surrounding the company’s future prospects. With a strong track record of success and growth, IR looks poised to continue its success in the coming years.
Share Price
On Wednesday, INGERSOLL RAND stock opened at $55.9 and closed at $55.6, a decrease of 1.3% from its prior closing price of 56.3. Despite this latest dip, investors seem hopeful that INGERSOLL RAND shares will continue to recover in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ingersoll Rand. More…
| Total Revenues | Net Income | Net Margin |
| 5.92k | 604.7 | 10.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ingersoll Rand. More…
| Operations | Investing | Financing |
| 860.3 | -332.9 | -954 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ingersoll Rand. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 14.77k | 5.51k | 22.7 |
Key Ratios Snapshot
Some of the financial key ratios for Ingersoll Rand are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 34.1% | 36.1% | 14.3% |
| FCF Margin | ROE | ROA |
| 12.9% | 5.9% | 3.6% |
Analysis
At GoodWhale, we have completed a comprehensive analysis of INGERSOLL RAND‘s fundamentals – which can help you make informed decisions about this company as a potential investment. Our assessment indicates that INGERSOLL RAND is a high risk investment due to its financial and business aspects. We have identified two risk warnings in the income statement and balance sheet that need to be considered. If you would like to learn more about these risks, please visit goodwhale.com and register for access to our detailed report. Our team is on-hand to answer any questions you may have about INGERSOLL RAND, and we are here to help you make the best decision for your financial future. More…
Peers
Some of its main competitors are Siemens Ltd, IDEX Corp, and Clean Energy Technologies Inc.
– Siemens Ltd ($BSE:500550)
Siemens Ltd. is an Indian multinational conglomerate company headquartered in Mumbai, Maharashtra, India. It is the largest industrial manufacturing company in India with a market capitalization of ₹1.03 trillion (US$15 billion) as of March 2020. The company is a leading producer of a wide range of products, including medical diagnostics, industrial automation, power generation and distribution, transportation, building technologies, and hearing aids. Siemens has a long history in India, dating back to 1867 when Werner von Siemens, the founder of Siemens AG, set up the first telegraph line between St. Petersburg and Moscow.
– IDEX Corp ($NYSE:IEX)
FIDEX Corp is a publicly traded company with a market capitalization of $16.41 billion as of 2022. The company has a return on equity of 17.38%. FIDEX Corp is a leading provider of financial services and products, including investment banking, asset management, and insurance.
– Clean Energy Technologies Inc ($OTCPK:CETY)
As of 2022, Clean Energy Technologies Inc has a market cap of 39.63M and a Return on Equity of 25.47%. The company is engaged in the business of developing, manufacturing and marketing clean energy products and services. The company’s products and services include solar energy, wind energy, and energy storage.
Summary
INGERSOLL RAND (NYSE:ING) is a diversified industrial company specializing in climate solutions and industrial technologies. On Tuesday, the company’s shares rose by 0.43%, closing at $56.32. This increase was part of an overall mixed trading session for the stock market. Analysts believe that the company is well-positioned to benefit from an expected economic rebound in the coming months, given its presence in key industries including HVAC and commercial refrigeration.
Additionally, Ingersoll Rand has implemented cost-saving strategies which will help it remain profitable during downturns in the market. Looking ahead, investors should continue to monitor the company’s financial performance to gauge its continuing success.
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