The firm is impressed with the Company’s unique industrial model and strategy of investing heavily for growth. Other factors such as opportunities in emerging markets, pricing power, healthy and under levered balance sheet and robust EPS power, led to the firm’s positive rating. According to the firm, Industrial segment will contribute to top lines and bottom lines, driven by international expansion and new underserved markets. Further, the firm is confident about revenue growth in the Contractor segment. Lubrication segment is increasing internationally, which provides significant margin expansion opportunity.