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P Pitch Archive Stock pitches across investing competitions
← Spring 2012

Ingersoll-Rand plc

IR pitch long Jonathan Au, Arjun Bhattacherjee, Rory Ellison

Thesis

We recommend a long position in Ingersoll Rand stock with a target price of $58.00, representing a ~43% upside from the current share price of $40.61. The stock has positive operational and cyclical catalysts expected over the next 12-18 months, and it currently trades at a 15-20% discount to its peer group. Key investment highlights include industry-leading market positions, significant free cash flow generation, and strong macro tailwinds in the construction sector.

Did it work?

worked confidence: high

The long thesis in Ingersoll Rand played out decisively: the stock returned +93.5% from $40.61, well above the stated $58.00 target (~43% upside), confirming both the direction and the magnitude of the call. The caveat is timing — the 12-18 month catalyst window stretched into roughly 14 years — but with the stated horizon long since passed and the target exceeded, the thesis is decisively confirmed. The core pillars (market position, FCF generation, cyclical recovery) were ultimately validated by the price outcome.