Ingersoll Rand Inc

IR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$98.00	Kpkgz	Gfyrywjnr

Ingersoll Rand Earnings: Strong Organic Revenue Growth Drives Full-Year Guidance Raise

Krzysztof Smalec

May 4, 2023

Narrow-moat-rated Ingersoll Rand reported strong first-quarter results, featuring a 33% year-over-year increase in adjusted EPS, from $0.49 to $0.65. We've increased our fair value estimate to $65 from $63, which reflects our slightly more optimistic revenue growth projections and time value of money. We see the name as modestly undervalued, with shares currently trading in 4-star territory.

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