Today’s Daily Alert features a new recommendation from The Buyback Letter Premium Portfolio and a sell alert from Cabot China & Emerging Markets Report.
“New Jersey-based Ingersoll-Rand PLC (IR, $46), a leading diversified industrial firm, has a family of industrial and commercial brands such as Club Car golf cars, Hussmann stationary refrigeration equipment, Ingersoll Rand industrial equipment, Schlage locks, Thermo King transport temperature-control equipment and Trane air conditioning systems and services.
“With 64,000 employees, the company conducts manufacturing and assembly operations in 47 plants in the U.S., 28 plants in Europe, 18 plants in Asia, 10 plants in Latin America and one plant in Canada. Ingersoll-Rand also maintains offices, warehouses and repair centers throughout the world. We last bought it in September 2008 and sold two months later.
“IR has a market cap of $13.13 billion and a P/E ratio of 17.2. Analysts praise the company in several areas — compelling growth in net income, solid stock price performance, impressive record of earnings per share growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. In the last 12 months, management has reduced shares outstanding by 9%. ... Buy.”
- David Fried, The Buyback Letter, August 16, 2012