Ingersoll-Rand Ploughs Ahead

The industrial conglomerate has developed strong new products, cut costs as prices of raw materials have climbed, and boosted margins

Diversified industrial concern Ingersoll-Rand (IR ; recent price, $68) is well-positioned to benefit from the continuing momentum in global capital spending, in the view of Standard & Poor's Equity Research Services. That's because the end markets the company serves tend to perform best in the late stages of an economic upturn. We also think Ingersoll-Rand will gain from its diverse product offerings and powerful cash-flow-generation ability.

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