What Makes Ingersoll Rand (IR) an Attractive Investment?

Investment management firm Artisan Partners has released its fourth quarter 2022 investor letter for its Artisan Mid Cap Fund. A copy of the same can be downloaded here. Investor-class fund ARTMX returned -1.13%, advisor-class fund APDMX returned -1.12%, and institutional-class fund APHMX returned -1.07% in the fourth quarter, compared with a return of -1.07% for the Russell Mid-Cap Growth Index. The return was 6.90%. Plus, check out the fund’s top five holdings to see our best picks for 2022.

Artisan Partners highlighted stocks such as Ingersoll Rand Inc. (NYSE:IR) in its fourth quarter 2022 investor letter. Headquartered in Davidson, North Carolina, Ingersoll Rand Inc. (NYSE:IR) is a mission-critical air, fluid, energy, specialty vehicle and medical technology company. On January 19, 2023, Ingersoll Rand Inc. (NYSE:IR) stock closed at $53.88 per share. His one-month return on Ingersoll Rand Inc. (NYSE: IR) was 3.06% of his, and the stock has lost 5.92% of his value over the past 52 weeks. Ingersoll Rand Inc. (NYSE:IR) has a market capitalization of $21.817 billion.

Artisan Partners made the following comments about Ingersoll Rand Inc. (NYSE:IR) in its fourth quarter 2022 investor letter:

Ingersoll Rand Inc. (NYSE:IR) is a global market leader in a wide range of mission-critical flow generation technologies (pumps, compressors, etc.) for industrial and medical applications. Recent earnings results exceeded expectations, revealing record orders and earnings. Management also raised its full-year guidance for 2022, boosting the stock price. In particular, orders within the largest segment grew 16% organically, driven by strong growth in compressors, vacuums and fans. While recognizing cyclical industry risks in the coming quarters, Ingersoll’s compressed air technology continues to be in demand as customers look to operate with less energy and water and reduce emissions. thinking about. He also continues to impress with the internal execution of management in areas such as acquisition integration, marketing lead he generation, new product development and employee engagement. ”



Ingersoll Rand Inc. (NYSE:IR) isn’t on the list of the 30 most popular hedge funds. Thirty hedge fund portfolios held him in Ingersoll Rand Inc. (NYSE: IR) at the end of the third quarter, according to our database, compared to 28 last quarter.

We covered Ingersoll Rand Inc. (NYSE:IR) in a separate article and shared a list of the world’s largest power producers. Additionally, for investor letters from hedge funds and other leading investors, visit the Hedge Fund Investor Letters Q4 2022 page.

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Disclosure: None. This article was originally published on Insider Monkey.

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