What's Going Wrong With the HVAC Sector?
Following a strong rise in the past year, Ingersoll-Rand PLC's (NYSE: IR) stock has corrected in recent weeks alongside competitors in the heating, ventilation, and air conditioning (HVAC) space such as United Technologies Corporation (NYSE: UTX) and Lennox International Inc. (NYSE: LII). Clearly, something about the HVAC sector has spooked the market, so let's take a look at the underlying dynamics in all three companies' earnings, and specifically Ingersoll-Rand as an investment proposition. Is it a structural problem that's set to last or merely a temporary issue?
Source: Fool.com