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Peltz Unlikely To Bring Quick Improvements To Ingersoll -Rand - Analysts

Activist investor Nelson Peltz will likely have difficulty leveraging his big stake Ingersoll-Rand PLC (IR) into a quick and comprehensive overhaul of Ingersoll's business portfolio, analysts predicted Wednesday.

In a regulatory filing Wednesday that disclosed a 7.1% stake in Ingersoll's stock, Peltz's Trian Fund Management LP said it plans to engage in talks with Ingersoll executives to press its case for enhancing "shareholder value by ... considering various strategic alternatives, including a restructuring of [the company's] key business segments."Trian did not outline specific strategies, but Peltz has a record of lobbying for asset sales and corporate breakups to pump up flagging stock prices. Trian also noted that it will push for the "addition of several new independent directors" for the Ingersoll board and aligning "management compensation with the [company's] performance."Peltz is the latest activist investor to wade into industrial stocks in search of big returns from compan...

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