Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Ingersoll Rand reports strong performance for Q4 2023, marking another record-breaking year despite continued challenges within a fluctuating macroeconomic environment.</li><li>This performance reinforces the importance of Ingersoll Rand's employee ownership mindset, which is being credited for the successful results.</li><li>In 2023, Ingersoll Rand delivered double-digit growth across revenue, adjusted EBITDA, adjusted EPS and free cash flow.</li></ul>

Ingersoll Rand reports strong performance for Q4 2023, marking another record-breaking year despite continued challenges within a fluctuating macroeconomic environment.This performance reinforces the importance of Ingersoll Rand's employee ownership mindset, which is being credited for the successful results.In 2023, Ingersoll Rand delivered double-digit growth across revenue, adjusted EBITDA, adjusted EPS and free cash flow.

Ingersoll Rand: A Tale Of Expansion of Addressable Market through Strategic M&A Activity! - Major Drivers

<ul><li>Ingersoll Rand Inc. delivered a solid result and managed an all-around beat in the last quarter, characterized by double-digit growth in revenue, adjusted EBITDA, adjusted EPS, and free cash flow.</li><li>Despite the dynamic macroeconomic environment, the company demonstrated resilience and agility, delivering robust financial performance and surpassing expectations.</li><li>Notably, Ingersoll Rand raised its 2023 full-year guidance based on continued robust performance year-to-date.</li></ul>

Ingersoll Rand Inc. delivered a solid result and managed an all-around beat in the last quarter, characterized by double-digit growth in revenue, adjusted EBITDA, adjusted EPS, and free cash flow.Despite the dynamic macroeconomic environment, the company demonstrated resilience and agility, delivering robust financial performance and surpassing expectations.Notably, Ingersoll Rand raised its 2023 full-year guidance based on continued robust performance year-to-date.

Ingersoll Rand Inc.: Recent Acquisitions Of Oxywise

<ul><li>Ingersoll Rand Inc. managed to exceed analyst expectations in terms of revenue and earnings.</li><li>Revenue and total company organic orders both saw a year-over-year increase.</li><li>While the PST segment margin grew by 240 basis points, the ITS segment margin increased by 200.</li></ul>

Ingersoll Rand Inc. managed to exceed analyst expectations in terms of revenue and earnings.Revenue and total company organic orders both saw a year-over-year increase.While the PST segment margin grew by 240 basis points, the ITS segment margin increased by 200.

Ingersoll Rand Inc.: Cracking The Code To Overcoming Global Supply Chain Hurdles! - Major Drivers

Equity Capital Markets

<ul><li>It was a successful Q1 for Ingersoll Rand as the company delivered an all-around beat with double-digit adjusted EBITDA and EPS growth with strong free cash flow generation.</li><li>Their organic growth initiatives leveraged mega sustainability trends, digitization, and quality of life using their tool, DGX within IRX, to capture above-market growth.</li><li>With new acquisitions, they are focused on cost improvement and maintaining focus on growth, accelerating organic growth across three levers.</li></ul>

It was a successful Q1 for Ingersoll Rand as the company delivered an all-around beat with double-digit adjusted EBITDA and EPS growth with strong free cash flow generation.Their organic growth initiatives leveraged mega sustainability trends, digitization, and quality of life using their tool, DGX within IRX, to capture above-market growth.With new acquisitions, they are focused on cost improvement and maintaining focus on growth, accelerating organic growth across three levers.

Ingersoll Rand: Acquisition of Paragon Tank Truck Equipment & Other Drivers

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>While the market remains in consolidation/pullback mode and we are not out of the woods, it is possible that further downside is limited from here on the S&amp;P 500</li>
<li>Since late-February, we've discussed important gap support from 2/22/24 at 4983-5050 on the SPX, with bulls in control if above 4983. Selling last week has simply filled this gap</li>
<li>4920-4950 is now support near last week's lows. Downgrade: Technology (XLK) to market weight. Upgrades: Manufacturing/Industrials (XLI) to overweight and Utilities (XLU) to market weight; individual stock buys highlighted.</li>
</ul>


While the market remains in consolidation/pullback mode and we are not out of the woods, it is possible that further downside is limited from here on the S&amp;P 500
Since late-February, we've discussed important gap support from 2/22/24 at 4983-5050 on the SPX, with bulls in control if above 4983. Selling last week has simply filled this gap
4920-4950 is now support near last week's lows. Downgrade: Technology (XLK) to market weight. Upgrades: Manufacturing/Industrials (XLI) to overweight and Utilities (XLU) to market weight; individual stock buys highlighted.


Shifting Exposure From Growth to Value; Downgrading Technology; Upgrades: Manufacturing & Utilities

United States

Ingersoll Rand Inc. manufactures flow control equipment. The Company offers vacuum systems, bottle blowers, pumps, and air and gas compressors. Ingersoll-Rand serves customers worldwide.

Ingersoll Rand (IR US)

Ingersoll Rand: A Tale Of Expansion of Addressable Market through Strategic M&A Activity! - Major Drivers

Ingersoll Rand reports strong performance for Q4 2023, marking another record-breaking year despite continued challenges within a fluctuating...

Baptista Research

Ingersoll Rand Inc.: Recent Acquisitions Of Oxywise

Ingersoll Rand Inc. delivered a solid result and managed an all-around beat in the last quarter, characterized by double-digit growth in revenue,...

Baptista Research

Ingersoll Rand Inc.: Cracking The Code To Overcoming Global Supply Chain Hurdles! - Major Drivers

Ingersoll Rand Inc. managed to exceed analyst expectations in terms of revenue and earnings. Revenue and total company organic orders both saw a...

Baptista Research

Ingersoll Rand: Acquisition of Paragon Tank Truck Equipment & Other Drivers

It was a successful Q1 for Ingersoll Rand as the company delivered an all-around beat with double-digit adjusted EBITDA and EPS growth with strong...

Baptista Research

Shifting Exposure From Growth to Value; Downgrading Technology; Upgrades: Manufacturing & Utilities

Shift Exposure From Growth to Value; Downgrading Tech to market weight $XLK; Upgrading Industrials $XLI to Overweight; Upgrading Utilities $XLU to...

Vermilion Research