Despite its growing revenue, the company underperformed as compared with the industry average of 16.3%. Since the same quarter one year prior, revenue has slightly increased by 9.5%. Growth in the company's revenue appears to have helped boost the earnings per share.

The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. In comparison with the other companies in the Machinery industry and the overall market, IR's return on equity is significantly below that of the industry average and is below that of the S&P 500.

The company, on the basis of change in net income year over year, has significantly underperformed compared with the Machinery industry average, but is greater than that of the S&P 500. The net income has decreased by 16.5% when compared with the same quarter one year ago, dropping from $217.5 million to $181.6 million. IR had been rated a buy as of April 7, 2008.

Additional ratings changes from August 1 are listed below.
Ticker Company Name Change New Rating Former Rating
ATG AGL Resources Inc. Downgrade Hold Buy
ATPG ATP Oil & GasCorp. Downgrade Hold Buy
BFIN BankFinancial Corp. Downgrade Sell Hold
CAP CAI International Inc. Initiated Hold
CBD Pao De Acucar Cia Brasil Dis Upgrade Buy Hold
CHK Chesapeake Energy Corp. Downgrade Hold Buy
ETR.PA Entergy Corp. Downgrade Hold Buy
FDRY Foundry Networks Inc. Upgrade Buy Hold
FEIC FEI Co. Upgrade Buy Hold
HNR Harvest Natural Resources Upgrade Hold Sell
IR Ingersoll-Rand Co. Ltd. Downgrade Hold Buy
ITRI Itron Inc. Upgrade Buy Hold
JJSF J & J Snack Foods Corp. Upgrade Buy Hold
LAZ Lazard Ltd. Upgrade Buy Hold
LFG LandAmerica Financial Downgrade Sell Hold
MPET Magellan Petroleum Corp. Upgrade Hold Sell
NAV Navistar International Corp. Downgrade Hold Buy
PPO Polypore International Inc. Initiated Sell
This article was written by a staff member of TheStreet.com Ratings.

If you liked this article you might like

What Is Common Stock and What Is Preferred Stock? Stock Types and Their Differences Explained

10 Dividend Stocks for '30-Year' Investors

10 Dividend Stocks for '30-Year' Investors

10 Dividend Stocks for '30-Year' Investors

10 Dividend Stocks for '30-Year' Investors

10 Buy-Rated Dividend Stocks to Buy Today

10 Buy-Rated Dividend Stocks to Buy Today

Top 5 Fast-Growth Stocks: June 1

Top 5 Fast-Growth Stocks: June 1