Topic: How To Invest

Q: I really enjoy your Inner Circle emails. Can I get your opinion on Ingersoll Rand? Thanks.

Article Excerpt

A: Ingersoll Rand Inc., $98.60, symbol IR on New York, (Shares outstanding: 403.4 million; Market cap: $39.8 billion; www.ingersollrand.com), offers a broad range of air, gas, liquid, and solid flow technologies, providing services and solutions to increase industrial productivity, efficiency, and sustainability. The company manufactures one of the broadest and most complete ranges of compressors, pump, vacuum and blower products in its markets. Products are sold under more than 80 market-leading brands, including Ingersoll Rand and Gardner Denver. Ingersoll Rand operates two segments: Industrial Technologies and Services (accounts for 82% of sales) and Precision and Science Technologies (18%). In early 2020, U.K.-based Ingersoll plc spun off its industrial business, which included pumps, power tools and other products, to its shareholders. That business then merged with Gardner Denver Holdings Inc. That firm specialized in industrial flow control products, including pumps, vacuums, and related products and services. Upon the completion of the transaction, the new, merged company was called Ingersoll Rand. On June 3, 2024, Ingersoll Rand…