Ingersoll Rand Inc

IR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$15.00	Bvqwt	Jzyfbqyj

Ingersoll Rand Earnings: Industrial Technologies and Services Segment Maintains Strong Momentum

Krzysztof Smalec

Aug 3, 2023

We’ve raised our fair value estimate for narrow-moat-rated Ingersoll Rand to $67 from $65 after the company reported solid second-quarter results, with double-digit year-over-year growth in organic revenue and adjusted EBITDA, and raised its full-year outlook for the second time this year. The fair value adjustment reflects our higher near-term revenue growth projections as well as the time value of money.

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