Spinoff of Ingersoll-Rand a few years ago. Boring. World's biggest lock-and-key maker, electronic office keypads. Electronics is becoming more and more of its business. Half its revenues come from after-market parts. Global. Usually #1 or #2 in its markets. We use their products every day.
Trades reasonably at ~14-15x forward PE. Lots of tuck-in acquisitions for growth. An American company based in Ireland for tax purposes. Flies under the radar. Yield is 1.52%.
Spinoff of Ingersoll-Rand a few years ago. Boring. World's biggest lock-and-key maker, electronic office keypads. Electronics is becoming more and more of its business. Half its revenues come from after-market parts. Global. Usually #1 or #2 in its markets. We use their products every day.
(Analysts’ price target is $176.67)Trades reasonably at ~14-15x forward PE. Lots of tuck-in acquisitions for growth. An American company based in Ireland for tax purposes. Flies under the radar. Yield is 1.52%.