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DAVIDSON, N.C. - Ingersoll Rand Inc. (NYSE: IR), a global industrial company with a market capitalization of $32.93 billion and annual revenue of $7.23 billion, announced the appointment of Michelle Swanenburg to its Board of Directors. Swanenburg, who is currently the head of Human Resources at T. Rowe Price (NASDAQ: TROW), joins the board effective immediately. According to InvestingPro data, Ingersoll Rand maintains a strong financial health score of GOOD, positioning it well among its industrial peers.
Swanenburg brings over two decades of strategic HR leadership experience to Ingersoll Rand, having previously led HR at Oaktree Capital Management and now serving on the Management Committee and several other strategic committees at T. Rowe Price. With $1.63 trillion in assets under management as of February 28, 2025, her current company is a significant player in the asset management industry.
Vicente Reynal, chairman and CEO of Ingersoll Rand, expressed his enthusiasm for Swanenburg’s addition to the board, citing her expertise in human capital management, corporate governance, and shareholder engagement. Reynal emphasized the value of Ingersoll Rand’s workforce and expressed confidence that Swanenburg’s insights will be invaluable in the company’s efforts to grow and improve workforce experiences globally. The company has demonstrated solid operational performance with a 5.22% revenue growth and maintains healthy liquidity with a current ratio of 2.29, as revealed by InvestingPro analysis.
Ingersoll Rand is known for its diverse portfolio of brands and products that serve various industries, including life sciences and industrial solutions. The company prides itself on its entrepreneurial spirit and commitment to making life better for its employees, customers, shareholders, and the planet. Trading near its 52-week low, the stock currently presents an interesting valuation case, with comprehensive analysis available in the Pro Research Report on InvestingPro, which offers detailed insights into the company’s financial health and growth prospects.
This announcement is based on a press release statement. It should be noted that forward-looking statements within the release are subject to risks and uncertainties that could cause actual results to differ materially from current expectations. These include geopolitical events, natural disasters, and other factors outside of the company’s control, as detailed in Ingersoll Rand’s filings with the Securities and Exchange Commission.
In other recent news, Ingersoll Rand reported fourth-quarter earnings that slightly missed analyst estimates, with adjusted earnings per share at $0.84 compared to the $0.85 consensus. The company recorded revenue of $1.9 billion, just below the expected $1.93 billion, but still marking a 4% increase from the previous year. For 2025, Ingersoll Rand has provided guidance for adjusted earnings per share between $3.38 and $3.50, aligning closely with the consensus estimate of $3.46, and anticipates revenue growth of 3% to 5%. Meanwhile, Stifel analysts have adjusted their price target for Ingersoll Rand to $94 from $100, maintaining a Hold rating due to a slight dip in revenue forecasts despite stable EBITDA predictions. The company’s performance varied regionally, with strong results in Latin America, the Middle East, India, and Asia-Pacific, excluding China, but weaker outcomes in Europe and China. In other developments, board member Julie Schertell has resigned, effective March 27, 2025, with no cited disagreements with the company. Ingersoll Rand has yet to announce a successor or the process for filling the vacant board seat. Investors are closely watching the company’s adherence to corporate governance standards as it navigates these transitions.
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