Credit were credit is due – Ingersoll-Rand (NYSE:IR)
has been in a seemingly never-ending state of restructuring since 2008,
but management seems to be hitting its marks recently. Leaner
manufacturing, smarter sourcing, a refreshed product line up and solid
pricing all seem to be leading to the improved results that have been
expected for some time now. Although these shares still don't look
particularly cheap, Ingersoll-Rand is heavily leveraged to a recovery in
residential housing and commercial construction and continued
outperformance on margin targets could very well push the shares higher.
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