We are getting to the end of 2017, and it’s time to reflect on whether the near-36% rise in Ingersoll-Rand Plc‘s (NYSE: IR) stock price means the stock is overvalued or not. I would argue that, despite the strong rise, the stock still looks like a good value. Ingersoll-Rand faces some headwinds in 2017, but management has executed well this year in positioning the company for long-term growth. Here’s how and why.
