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

3. The Sherwin-Williams Company (NYSE:SHW)

Bridgewater Associates’ Stake Value: $37.7 million

Percentage of Bridgewater Associates’ 13F Portfolio: 0.21%

Number of Hedge Fund Holders: 54

The Sherwin-Williams Company (NYSE:SHW) is an American coating provider that targets several industries. These include the furniture and automotive industries, with products such as wood finish coatings and automotive refinish products catering to their needs.

Bridgewater Associates owned a $33.7 million stake in The Sherwin-Williams Company (NYSE:SHW) as the final quarter of last year came to an end. This was through 107,124 shares, and it represented 0.21% of its portfolio. Of the 924 hedge funds part of Insider Monkey’s Q4 2021 poll, 54 had also owned a stake in the company.

The Sherwin-Williams Company (NYSE:SHW) raked in $4.76 billion in revenue and $1.34 in non-GAAP EPS during its fourth fiscal quarter in a mixed bag of results that saw it meet analyst revenue estimates and miss them for revenue. Jefferies reduced the company’s share price target to $275 from $320 in March 2022, sharing that global energy price hikes will affect the company’s margins.

Richard Chilton’s Chilton Investment Company is the company’s largest shareholder. It owns 1.17 million shares worth $412 million.