Research Desk Line-up: Curtiss-Wright Post Earnings Coverage

LONDON, UK / ACCESSWIRE / November 2, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Ingersoll-Rand PLC (NYSE: IR), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=IR. The Company announced on October 31, 2017, that it has signed an agreement to acquire GPSi Holdings, LLC ("GPSi"), a global leader in the development, manufacturing, and distribution of cart-mounted GPS technology for the global golf industry, from Falconhead Capital, LLC. The terms of the transaction remain undisclosed. For immediate access to our complimentary reports, including today's coverage, register for free now at:

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Discover more of our free reports coverage from other companies within the Diversified Machinery industry. Pro-TD has currently selected Curtiss-Wright Corporation (NYSE: CW) for due-diligence and potential coverage as the Company reported on October 25, 2017, its financial results for Q3 2017 which ended on September 30, 2017. Tune in to our site to register for a free membership, and be among the early birds that get our report on Curtiss-Wright when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on IR; also brushing on CW. Go directly to your stock of interest and access today's free coverage at:

http://protraderdaily.com/optin/?symbol=IR

http://protraderdaily.com/optin/?symbol=CW

Benefits of the Acquisition

The transaction strengthens Ingersoll-Rand's telematics portfolio, an important component of its connected technologies strategy that measures critical performance characteristics such as temperature and air quality protecting the value of transported food, pharmaceuticals, and other cargo.

The acquisition is consistent with Ingersoll-Rand's strategy to help customers solve climate and industrial challenges including energy and fuel efficiency, food waste, and productivity.

Acquisition Positions Ingersoll-Rand to Help Customers Maximize Value of Their Fleets

Dave Regnery, Executive Vice President of Ingersoll-Rand, stated that as a leader in telematics, the Company is pleased to deepen its capabilities in delivering exceptional customer value and end-user experience for its customers. With GPSi, Ingersoll-Rand is well-positioned to help customers maximize the value of their fleets and to capitalize on the multi-billion-dollar market for intelligent mobile assets across trucking, resort, golf, education, rental, and other industries.

GPSi to Reach New Heights as Part of Ingersoll-Rand

David S. Moross, Chairman and Chief Executive Officer (CEO) of Falconhead Capital, expressed that the Company is proud of the growth and development of GPSi under its ownership. Ingersoll-Rand's decision to acquire GPSi is a strong endorsement of what has been achieved. Moross added that he is confident that GPSi will continue to reach new heights as part of a leading global Company.

Ingersoll-Rand Acquired the Business of Thermocold Costruzioni S.r.l.

On March 31, 2017, Ingersoll-Rand completed the acquisition of the business of Thermocold Costruzioni S.r.l, a privately held Italian Company that manufactures and distributes heating, ventilating, and air-conditioning (HVAC) systems and solutions for residential, commercial, and industrial buildings in Europe.

About Ingersoll-Rand Plc

Ingersoll-Rand is a diversified industrial manufacturer with market-leading brands serving customers in global commercial, industrial, and residential markets. The Company's family of brands work together to enhance the quality and comfort of air in homes and buildings, transport and protect food and perishables, secure homes and commercial properties, and increase industrial productivity and efficiency.

About Falconhead Capital, LLC

Founded in 1998, Falconhead Capital is a private equity firm focused on making investments in consumer-oriented companies in the sports, media & entertainment, recreational equipment & apparel, personal care & wellness, food & beverage, and consumer services sectors. The Company seeks to invest between $10 million and $100 million in companies. Falconhead Capital is based in New York City, New York, with an additional office in San Diego, California.

About GPSi Holdings, LLC

Headquartered in Sarasota, Fla, GPSi is a leading technology provider of cloud-based technology solutions for fleet managers in various transportation markets including education, golf, and resorts.

Last Close Stock Review

On Wednesday, November 01, 2017, the stock closed the trading session at $87.53, slipping 1.21% from its previous closing price of $88.60. A total volume of 1.67 million shares have exchanged hands. Ingersoll-Rand's stock price soared 0.92% in the last three months and 30.02% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have rallied 16.64%. The stock is trading at a PE ratio of 21.90 and has a dividend yield of 2.06%. At Wednesday's closing price, the stock's net capitalization stands at $22.17 billion.

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SOURCE: Pro-Trader Daily