IR

Ingersoll-Rand PLC

Industrial/Transportation


Presented:01/15/2014
Price:$62.88
Cap:$18.10B
Current Price:$100.67
Cap:$40.62B

Presented

Date01/15/2014
Price$62.88
Market Cap$18.10B
Ent Value$20.65B
P/E Ratio19.72x
Book Value$22.48
Div Yield1.7%
Shares O/S288.09M
Ave Daily Vol2,290,000
Short Int1.42%

Current

Price$100.67
Market Cap$40.62B
Ingersoll-Rand Public Limited Company engages in the design, manufacture, sale, and service of a diverse portfolio of industrial and commercial products in the United States and internationally. It operates in Climate Solutions, Residential Solutions, Industrial Technologies, and Security Technologies segments. The company offers refrigeration; and heating, ventilation, and air conditioning (HVAC) solutions to manage controlled temperature environments for transport and commercial HVAC markets; indoor air quality solutions, advanced controls, portable security systems, and remote home management products; and small-wheel, zero-emissions electric vehicles. It also provides compressed air systems, tools, pumps, and fluid and material handling systems, as well as golf, utility, and rough terrain vehicles; and services comprising preventative maintenance and comprehensive care multi-year contracts, service parts, installation, remanufactured compressors and tools, and solutions. The company offers its products primarily under the Club Car, Ingersoll Rand, Thermo King, and Trane brands through distributors, dealers, and retailers. Ingersoll-Rand Public Limited Company was founded in 1905 and is headquartered in Dublin, Ireland.

Highlights

Following the successful spin-off of its security business, Allegion (December, 2013), Ingersoll-Rand’s (IR) business is roughly 70% HVAC, and 30% climate control-related solutions. For all intents and purposes, IR is a pure play on growth in the non-residential construction sector, and the presenter is long the stock because order volumes and backlog are up over the past two quarters and revenues have yet to recover.

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Idea Discussion

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