What Happened?
Shares of industrial manufacturing company Ingersoll Rand (NYSE:IR) fell 5.8% in the afternoon session after the company reported weak fourth-quarter results. Its organic revenue slightly missed and its revenue was in line with Wall Street's estimates. Looking ahead, guidance largely came in below expectations. Overall, this was a softer quarter.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Ingersoll Rand? Access our full analysis report here, it’s free.
What The Market Is Telling Us
Ingersoll Rand’s shares are not very volatile and have only had 3 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.
Ingersoll Rand is down 3.6% since the beginning of the year, and at $87.26 per share, it is trading 17.2% below its 52-week high of $105.35 from November 2024. Investors who bought $1,000 worth of Ingersoll Rand’s shares 5 years ago would now be looking at an investment worth $2,369.
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