Friday, March 18, 2016

Time to Buy Ingersoll-Rand?

It's been a pretty good year for companies exposed to the North American heating, ventilation, and air-conditioning (HVAC) market. As you can see in the chart below, the "purest" plays, Lennox International (NYSE:LII) and Ingersoll-Rand Plc (NYSE:IR), have both outperformed. Ingersoll-Rand is favored with relatively good HVAC markets, and it has a margin expansion opportunity that could drive growth in 2016. Let's take a closer look.

READ THE FULL EQUITY RESEARCH ARTICLE LINKED