Question-and-Answer Session
Operator
(Operator Instructions). Your first question is from Nigel Coe - Deutsche Bank.
Nigel Coe - Deutsche Bank Securities
Yes. So just want to take it a little bit deeper into some of the margin trends here. First of all security, you're getting 8 points of productivity benefits in the business line that’s your highest margin by far.
Just a little bit curious about that. Could you just maybe come from that space?
Herbert Henkel
Nigel, interesting even in how the security team does this just to give you a little bit of color on security.
They're actually rolling prices back to 2007 before they account productivity, so they’ve got a very aggressive approach to working within our suppliers that around their own, our GAAP to excellent implementations and it is a little leading the path across the company and driving that.
So, what we saw there was great performance again, like two quarters in a row in productivity there. Quarter four for them, part of the investments for making across the business.
They had quite a few product launches, they are launching now commercial like which I discussed earlier, and are also doing a major national advertising campaign which some of you may have seen around this Schlage LiNK product.
So, as you look out to quarter four, maybe the margins will moderate just a little bit in quarter four as a result of the investments. So we continue to see strong productivity up in that group.
Nigel Coe - Deutsche Bank Securities
So, you feel pretty good about keeping margins, about to say 20%.
Herbert Henkel
Yes.
Nigel Coe - Deutsche Bank Securities
Turning to I guess Industrial Tech in particular but FX, in certain of your margins in particular within that segments. Could you just explain why and then as we transition to your FX become the positive, does that going to help your margins?
Herbert Henkel
Well, there's more of the transactional element within IPS business space to say, and have a fairly significant business in India and buy some of the products out of Europe is an example. So you see both the translational and the transactional elements there.
I mean, increasingly I think the answer there is to localize as much of the products and in the regions that we are going to use the products, that sort of a mid run, long run, answer to that question.
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