Industrial stocks may seem ho-hum to some, but Trian CIO Ed Garden said Tuesday he loves General Electric.
"Our point of view is that it's the best industrial business on the planet," he told CNBC's "Squawk on the Street."
This is an amazingly resilient business," Garden said, adding that the stock's peak-to-trough range during the Great Recession was 5 percent.
The Dow component's stock is down slightly year-to-date, but has spiked 9 percent in the last three months.
GE in last three months
"We're anticipating that, as earnings grow, and it becomes a pure-play industrial business, that the multiple will go up into the 19-20 range, which I think is reasonable for a business of this caliber," Garden said.