Ingersoll Rand: Improvement In Organic Growth And Continued M&A Momentum Should Drive Stock Higher
Ingersoll Rand Inc. saw a sequential acceleration in orders and marketing qualified leads last quarter which should help improve its organic growth in the coming quarters. The company's exposure to megatrends like reshoring and sustainability, and focus on digital initiatives, and increasing recurring aftermarket revenues bodes well for medium to long-term growth. Margin growth is expected from operating leverage, price increases, and margin accretive acquisitions, supporting a buy rating on the stock.
Here's Why Ingersoll Rand (IR) Stock is an Attractive Pick
Ingersoll Rand (IR) benefits from strength in the Industrial Technologies & Services segment. Its measures to reward its shareholders are encouraging.
Ingersoll Rand (IR) Boosts Portfolio With ILC Dover Buyout
The acquisition of ILC Dover enables Ingersoll Rand (IR) to strengthen its product offerings in the life sciences market.
