5 New Stock Picks of Billionaire Stanley Druckenmiller

In this article, we discuss 5 new stock picks of billionaire Stanley Druckenmiller. If you want to read our detailed analysis of these stocks, go directly to 10 New Stock Picks of Billionaire Stanley Druckenmiller. 

5. Ingersoll Rand Inc. (NYSE:IR)

Number of Hedge Fund Holders: 33 

Ingersoll Rand Inc. (NYSE:IR) operates in the industrial machinery sector. Top hedge funds hold large stakes in the company. Among the hedge funds being tracked by Insider Monkey, Connecticut-based investment firm Viking Global is a leading shareholder in Ingersoll Rand Inc. (NYSE:IR), with 3.6 million shares worth more than $183 million. 

Latest filings show that Duquesne Capital owned 333,295 shares of Ingersoll Rand Inc. (NYSE:IR) at the end of the fourth quarter of 2021, worth over $20 million, representing 0.74% of the portfolio. 

In its Q3 2021 investor letter, Artisan Partners, an asset management firm, highlighted a few stocks and Ingersoll Rand Inc. (NYSE:IR) was one of them. Here is what the fund said:

“We also added to Ingersoll Rand Inc. (NYSE:IR). Ingersoll Rand is a global market leader with a broad range of mission-critical flow creation technologies (pumps, compressors, etc.) for industrial and medical applications. Over the past several years, a new management team has repositioned Ingersoll Rand Inc. (NYSE:IR) toward less cyclical, more profitable businesses, which are supported by a stronger culture of employee engagement and continuous improvement. More recently, the company’s top-line growth has accelerated as the pandemic fades, and margins are benefiting from cost synergies achieved in its merger integration with Gardner Denver (with further runway ahead). This has boosted cash flows and enabled management to resume its successful bolt-on acquisition strategy, acquiring Seepex GmbH, a global leader in positive displacement pumps for end markets such as water, wastewater, food and beverage and chemicals, in Q2. With an increasingly visible organic and acquisition-driven growth capability, characteristics the market appears to be undervaluing, we added to our position at an attractive discount to our PMV estimate.”