Ingersoll Rand Inc

IR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$17.00	Tjjpzhn	Zmnnrqdl

Ingersoll Rand Raises Full-Year Guidance After Strong Third Quarter; Increasing Fair Value Estimate

Krzysztof Smalec

Nov 3, 2022

Narrow-moat Ingersoll Rand posted strong third-quarter results, with adjusted EPS of $0.62 up 9% from the prior-year period despite a $0.05 foreign-exchange headwind. We’ve raised our fair value estimate to $62 per share from $61 to reflect our slightly more optimistic near-term revenue growth projections as well as the time value of money. We view the name as modestly undervalued, currently trading in 4-star territory.

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