Ingersoll Rand Inc

IR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$36.00	Qjtqyss	Nmdlfmqg

Ingersoll Rand Earnings: Raising Fair Value Estimate to $78 From $71

Krzysztof Smalec

Feb 16, 2024

Narrow-moat-rated Ingersoll Rand finished 2023 in strong fashion, as its full-year revenue of $6.876 billion and adjusted EPS of $2.96 both beat our respective estimates of $6.809 billion and $2.83. After rolling our model forward one year, we’ve raised our fair value estimate to $78 from $71, which reflects our slightly more optimistic midcycle operating margin assumptions as well as time value of money.

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