Ingersoll Rand Inc. (IR), headquartered in Davidson, North Carolina, is a global provider of mission-critical flow creation and industrial solutions. Valued at $37.98 billion by market cap, the company’s services and solutions help increase industrial productivity and efficiency. The company’s Industrial Technologies & Services segment manufactures air compressors, couplers, vacuum pumps, and blowers. Its Precision & Science Technologies segment engages in manufacturing products, including dosing and metering pumps and liquid and gas pumps for use in life sciences, medical, water, and wastewater markets.
Shares of this global industrial equipment giant have outperformed the broader market considerably over the past year. IR has gained 59.3% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 26.9%. In 2024 alone, IR stock is up 23.1%, surpassing the SPX’s 11.6% rise on a YTD basis.
