I liked the Ingersoll-Rand (IR)
story in the late summer of 2018, and I still like it now. The shares
have modestly outperformed the industrial peer group (by about 10%)
since my last update,
and I think the company is still well-placed to benefit from
later-stage commercial HVAC demand, as well as ongoing demand in
industrial segments like compression. While I'd like to see better
margins and FCF generation, I do see improvement here, and I think
ongoing growth in areas like service attachment and controls can help
improve the profile over time.
Read the full article:
Ingersoll-Rand Can Still Outperform In 2019
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