Davidson, North Carolina-based Ingersoll Rand Inc. (IR) provides various mission-critical air, fluid, energy, and medical technologies services and solutions worldwide. The company has a market capitalization of $28.4 billion and operates in two segments, Industrial Technologies and Services, and Precision and Science Technologies. IR engages in manufacturing products, including air compressors, couplers, vacuum pumps, power tools, blowers and more.
Companies with a market cap of $10 billion or more are typically referred to as “big-cap stocks.” IR fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the specialty industrial machinery industry.