Turtle Creek Asset Management highlighted Ingersoll Rand in its first-quarter 2026 investor letter, noting the industrial machinery company reported a book-to-bill ratio above one for the first full year since 2022 and has seen positive organic order growth in three of the past four quarters. The firm described the company's outlook as optimistic, consistent with signals from other industrial holdings, while acknowledging the industrial recession has now lasted over three years, one of the longest on record. Ingersoll Rand shares closed at $77.07 on June 17, 2026, with a one-month return of 9.66% and a 52-week decline of 4.60%, giving it a market capitalization of $30.16 billion. The number of hedge fund portfolios holding the stock rose to 39 at the end of the first quarter from 37 in the prior quarter.
Ingersoll Rand IncBook-to-bill above one for first full year since 2022 and positive organic order growth in three of past four quarters indicate improving end-customer demand.