5 Industrial Stocks To Buy According To Billionaire Ray Dalio

Page 1 of 5

In this piece, we will take a look at the 5 industrial stocks to buy according to billionaire Ray Dalio. If you want to learn about Mr. Dalio, his investment firm and more stocks in this list then go to 10 Industrial Stocks To Buy According To Billionaire Ray Dalio.

5. DuPont de Nemours, Inc. (NYSE:DD)

Bridgewater Associates’ Stake Value: $42.7 million

Percentage of Bridgewater Associates’ 13F Portfolio: 0.23%

Number of Hedge Fund Holders: 51

DuPont de Nemours, Inc. (NYSE:DD) is a supplier to several technology industries. Its products are used in the manufacture of photovoltaics (solar panels), semiconductors (chips), and light-emitting diodes (LED) televisions among others. The company is headquartered in the United States.

For its Q3, DuPont de Nemours, Inc. (NYSE:DD) brought in $4.27 billion in revenue and $1.15 in non-GAAP EPS, beating analyst estimates for both. The company’s price target was raised to $101 from $96 by BMO Capital in November 2021, which shared that acquisitions and divestments have played a positive role in its transformation.

During Q3 2021, Mr. Dalio’s investment firm held 628,666 DuPont de Nemours, Inc. (NYSE:DD) shares, which were worth $42.7 million and represented 0.23% of its portfolio. An Insider Monkey survey of 867 hedge funds for the same time period revealed that 51 had holdings in the company.

The industrial supplier’s largest shareholder is David S. Winter and David J. Millstone 40 North Management who owns 4.8 million shares worth $331 million.

Longleaf Partners Fund mentioned  DuPont de Nemours, Inc. (NYSE:DD) in its Q1 2021 investor letter, outlining that:

“We exited three businesses in the quarter (including) DuPont. We have owned DuPont successfully three times now in the last decade and have great respect for CEO Ed Breen, who has delivered on creating value and focusing the company on its core businesses. We continue to view the business and leadership highly and hope to have the opportunity to partner with them again.”

Page 1 of 5