Ingersoll (IR) Unveils New IQV20 W5132 Cordless Impactool

A leading provider of reliable and innovative power tools, Ingersoll-Rand Plc (NYSE:IR) , recently announced the introduction of its IQV20 W5132 3/8” Impactool – a powerful cordless 3/8” impact tool. This new tool delivers up to 50% more torque in comparison to other cordless 3/8” impact wrench.In today’s competitive and fast-paced industry, it has become a prerequisite for technicians to get their job done efficiently at a swift pace. The IQV20 W5132 is a versatile tool that would help reduce such strain and help them complete their work quickly.

In addition, the tool is equipped with a highly advanced shadowless 60 lumen Chip-on-Board (COB) LED task light. This provides a 360-degree ring of light to the area that needs servicing.

Ingersoll develops tools for the toughest jobs that technicians and operators face every day. For them, having the most appropriate tools is essential to get the job done accurately and on time. The company strives to provide its clients the best–in-class equipment to ease out their work. The new Impactool will help boost the company’s top line.

Headquartered in Dublin, Ireland, Ingersoll manufactures and services a diverse portfolio of industrial and commercial products across the globe. From enhancing the quality and comfort of air in homes and buildings to transporting and protecting food and perishables, the product portfolio of the company secures homes and commercial properties and increases industrial productivity and efficiency.

Ingersoll has a solid foundation of global brands and a leading market share in all major product lines. The company's geographic and industrial diversity, along with a large installed product base, provides ample growth opportunities within service, spare parts and replacement revenue streams. Additionally, the company’s complementary portfolio of products and services is likely to aid it in strengthening its market position and achieving high productivity.

Ingersoll carries a Zacks Rank #2 (Buy). Some other stocks worth a glance in the same space include Altra Industrial Motion Corp. (NASDAQ:AIMC) , Atlas Copco AB (OTC:ATLKY) and Illinois Tool Works Inc. (NYSE:ITW) . All three stocks carry the same Zacks Rank as Ingersoll.