Global diversified industrial company, Ingersoll Rand IR recently launched Power Socket, its latest impact tool for busting open bolts. The innovative solution increases power and versatility for technicians. The Power Socket fits directly on the square drive of a half-inch impact tool and once fastened to the tool, the power socket provides 50% more torque in comparison to standard impact sockets. Additionally, it features a unique power ring design for amplifying the power output.
The versalite Power Socket is the ideal tool for busting loose the most stubborn and rusted fasteners, bolts and lug nuts without the requirement of additional larger tools. The various sizes of the PowerSocket enable it to meet the standard bolt and lug nut variations from a variety of car and tire manufacturers.
Ingersoll remains focused on inventing new products and maintaining its competitive advantage worldwide. The rise in demand for such innovative product services is likely to augment its overall revenue.
Headquartered in Dublin, Ireland, Ingersoll designs, manufactures, sells and services a diverse portfolio of industrial and commercial products across the globe. The company has a solid foundation of global brands and leading market share in all major product lines. The geographic and industrial diversity coupled with a large installed product base provides ample growth opportunities for the company within service, spare parts and replacement revenue streams. Additionally, the company’s complementary portfolio of products and services is likely to assist it in strengthening the market position and achieving high productivity.
Ingersoll currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth considering in the industry include Graco Inc GGG, Kaman Corporation KAMN and Nordson Corporation NDSN, all carrying a Zacks Rank #2 (Buy).
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