| Nigel Coe moved from Deutsche Bank Securities to Morgan Stanley in September 2011 but holds third place for a second consecutive year. In January he relaunched coverage on 13 stocks with an overweight on Ingersoll-Rand, at $31.84, arguing that its lackluster residential heating, ventilation and air conditioning operations would turn around. He was right. In late July the Swords, Ireland–based diversified technology provider reported earnings per share of $1, nine cents above consensus estimates. The stock bolted 46.9 percent, to $46.76, and shot past the sector by 36.3 percentage points, through August. “Nigel is willing to take a long-term view and stick to his guns,” cheers one aficionado. At present Coe has high hopes for Honeywell International, a Morristown, New Jersey–based diversified producer of aerospace, automotive and petrochemicals goods, partly on its exposure to emerging markets. RUNNER(S)-UP Steven Winoker |
