Billionaire Ken Fisher’s 10 Industrial Stock Picks with Huge Upside Potential

5. Ingersoll Rand Inc. (NYSE:IR)

Number of Hedge Fund Holders: 39

Upside Potential: 31.60%

Ingersoll Rand Inc. (NYSE:IR) supplies essential air, fluid, and energy tech for industrial, medical, and scientific markets across the globe. The company operates through two main segments: Industrial Technologies & Services and Precision & Science Technologies. It provides products including compressors, vacuum products, pumps, and control systems. During 2024, the company saw steady demand, particularly in emerging markets, backed by wide distributor networks and strategic acquisitions. Thus, the company is well-positioned as a top industrial tech stock in a growing market.

In Q4 ended December 31, 2024, Ingersoll Rand’s revenue grew 4% year-over-year while adjusted EBITDA jumped 6% to $532 million. EBITDA margins improved by 50 basis points to 28%, with quarterly adjusted earnings hitting $0.84 per share, bringing full-year earnings to $3.29, up 11% from the previous year. Meanwhile, Q4 orders increased 8%, and free cash flow reached $491 million, a solid 26% margin. The annual revenue of Ingersoll Rand Inc. (NYSE:IR) rose 5%, thanks to strong execution and contributions from acquisitions.

The Industrial Technologies & Services segment faced slight organic revenue weakness in Q4, though compressor and vacuum product orders stayed healthy. This segment achieved a record 30.2% EBITDA margin for the full year. Simultaneously, the Precision & Science Technologies segment showed impressive 24% revenue growth in Q4, with acquisitions driving results despite organic softness. The ILC Dover Life Sciences unit showed an outstanding double-digit revenue growth during this period.

For 2025, Ingersoll Rand Inc. (NYSE:IR) expects adjusted earnings between $3.38 and $3.50 per share—about 5% growth at the midpoint. Revenue should increase by 3-5%, with organic growth of 1-3%, and the company aims to add up to 500 basis points of growth through acquisitions. With over 200 potential targets and seven deals already at the letter-of-intent stage, acquisitions remain key to its strategy. Ken Fisher currently owns about $2.3 million in Ingersoll Rand shares, making up roughly 0.0008% of his investment portfolio.