We’re Maintaining Our FVEs for HVAC Manufacturers After Announced Tariffs
We’re not changing our fair value estimates for Ingersoll Rand, Johnson Controls, or Lennox International after the Trump Administration announced a 25% steel tariff and a 10% aluminum tariff. While steel and aluminum, along with copper, are key raw materials used to manufacture heating, ventilation, and air conditioning products, raw material costs are a relatively small portion of these firms’ cost of goods sold. Steel and aluminum represent less than 2% of Johnson Controls' cost of goods sold...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.