5 Industrial Stocks to Invest In According to Ray Dalio’s Bridgewater Associates

In this piece, we will take a look at the five industrial stocks to invest in according to Ray Dalio’s Bridgewater Associates. If you want to learn more about the billionaire hedge fund owner, his fund, and more stocks, then take a peek at 10 Industrial Stocks to Invest In According to Ray Dalio’s Bridgewater Associates.

5. Albemarle Corporation (NYSE:ALB)

Bridgewater Associates’ Stake Value: $26 million

Percentage of Bridgewater Associates’ 13F Portfolio: 0.15%

Number of Hedge Fund Holders: 48

Albemarle Corporation (NYSE:ALB) is a specialty chemical manufacturer headquartered in the United States. The company deals almost exclusively with a host of industries and provides them with products that are used for several applications. The industries include consumer electronics, electric vehicles, pharmaceutical, oil and gas well drilling, and beef and poultry processing.

Mr. Dalio’s investment firm owned 111,616 Albemarle Corporation (NYSE:ALB) shares as last year’s fourth quarter came to an end. These were worth $26 million and they represented 0.15% of its investment portfolio. Insider Monkey’s Q4 2021 poll of 924 hedge funds revealed that 48 had owned a stake in the company, for an all time high since 2013.

Albemarle Corporation (NYSE:ALB) earned $894 million in revenue and $1.01 in non-GAAP EPS for its fiscal fourth quarter, beating analyst estimates for both. RBC Capital lowered the company’s price target to $270 from $290 in February 2022, as it stated that while the lithium industry is volatile, the company is sticking to its strengths.

Paul Marshall and Ian Wace’s Marshall Wace LLP is Albemarle Corporation (NYSE:ALB)’s largest investor. It owns 402.597 shares worth $94 million.

Carillon Tower Advisers mentioned the company in its Q3 2021 investor letter. Here is what the fund said:

“Albemarle is a global specialty chemicals company with leading positions in lithium, bromine, and refining catalysts. The firm’s shares outperformed in the quarter, driven largely by the current robust demand environment for lithium used in the manufacturing of electric vehicle batteries. As the global push towards the reduction of carbon emissions continues to gain steam, Albemarle is well positioned to benefit from the accelerating adoption of electric vehicles.”