ATLKY - Ingersoll Rand Checking All Of The Street's Preferred Thematic Boxes
- Ingersoll Rand has been on a tear in an already-hot industrial sector, with many thematic elements working in the stock's favor.
- Guidance for 2021 may be conservative, and IR is well-positioned for a short-cycle industrial recovery, as well as further cost synergy upside.
- M&A should be a source of value; management made a good deal for the HPS business and will likely pursue additional low-risk tuck-in deals.
- Valuation remains the obstacle. I love a good story, and IR checks a lot of thematic boxes, but I can't make the numbers work relative to valuation.
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Ingersoll Rand Checking All Of The Street's Preferred Thematic Boxes