In this article, we will discuss 5 stocks to buy today according to British billionaire David Harding. If you want to read our detailed analysis of Harding’s history, investment philosophy, and hedge fund performance, go directly to 10 Stocks to Buy Today According to British Billionaire David Harding.
5. The Sherwin-Williams Company (NYSE: SHW)
Harding’s Stake Value: $13,266,000
Percentage of David Harding’s 13F Portfolio: 0.71%
Number of Hedge Fund Holders: 49
The Sherwin-Williams Company (NYSE: SHW) develops, manufactures, sells coatings, paints, and related products to industrial, commercial, professional, and retail customers. It was founded in 1866 and is placed fifth on the list of 10 stocks to buy today according to British billionaire David Harding. The Sherwin-Williams Company (NYSE: SHW) shares have gained about 35.04% in value over the last 12 months.
On August 20, Morgan Stanley analyst Vincent Andrews raised the price target on The Sherwin-Williams Company (NYSE: SHW) to $345 from $315 and kept an “Overweight” rating on the shares. On August 19, The Sherwin-Williams Company (NYSE: SHW) declared that it obtained Sika AG’s European industrial coatings division. As a result, Sherwin-Williams is likely to hire about 130 Sika staff.
The hedge fund chaired by David Harding holds 48,691 shares in The Sherwin-Williams Company (NYSE: SHW) worth $13.27 million. Winton Capital Management’s stake in The Sherwin-Williams Company (NYSE: SHW) shares increased by 222% in the second quarter of 2021. Out of the hedge funds being tracked by Insider Monkey, Chilton Investment Company is a leading shareholder in The Sherwin-Williams Company (NYSE: SHW), with 1.17 million shares worth $319.84 million.
4. CSX Corporation (NASDAQ: CSX)
Harding’s Stake Value: $13,659,000
Percentage of David Harding’s 13F Portfolio: 0.73%
Number of Hedge Fund Holders: 56
CSX Corporation (NASDAQ: CSX) provides rail-based freight transportation services through its subsidiaries. It was incorporated in 1978 and is ranked fourth on the list of 10 stocks to buy today according to British billionaire David Harding. CSX Corporation (NASDAQ: CSX) shares have offered investors returns exceeding 30.82% over the course of the past 12 months.
On July 26, CSX Corporation (NASDAQ: CSX) declared a quarterly dividend of $0.093 per share, in line with the previous. On July 22, UBS analyst Thomas Wadewitz raised the price target on CSX Corporation (NASDAQ: CSX) to $38 from $37 and kept a “Buy” rating on the shares.
Winton Capital Management holds 425,781 shares in CSX Corporation (NASDAQ: CSX) worth over $13.66 million, representing 0.73% of their investment portfolio. The hedge fund has increased its stake in CSX Corporation (NASDAQ: CSX) by 1635% in the second quarter of 2021. As of the second quarter of 2021, 56 hedge funds in Insider Monkey’s database of 873 funds held stakes in CSX Corporation (NASDAQ: CSX) compared to 53 funds in the first quarter.
3. Life Storage, Inc. (NYSE: LSI)
Harding’s Stake Value: $13,743,000
Percentage of David Harding’s 13F Portfolio: 0.73%
Number of Hedge Fund Holders: 21
Life Storage, Inc. (NYSE: LSI) is a self-administered and self-managed equity REIT specializing in acquiring and managing self-storage facilities. It was founded in 1982 and is ranked third on the list of 10 stocks to buy today according to British billionaire David Harding. Life Storage, Inc. (NYSE: LSI) currently has a $18.79 billion market capitalization and was able to deliver a 74.19% return in the past 12 months.
On August 23, KeyBanc analyst Todd Thomas raised the price target on Life Storage, Inc. (NYSE: LSI) to $128 from $120 and kept an “Overweight” rating on the shares. On August 3, Life Storage, Inc. (NYSE: LSI) posted earnings for the second quarter of 2021. It declared Funds from operations (FFO) of $1.20, beating the estimates by $0.06. In addition, the revenue over the period was $187.26 million, surpassing the market predictions by $8.96 million.
David Harding’s Winton Capital Management holds 128,024 shares in Life Storage, Inc. (NYSE: LSI), worth over $13.74 million. This represents 0.73% of their portfolio. Winton Capital Management’s stake in Life Storage, Inc. (NYSE: LSI) increased by 13% in the second quarter of 2021, latest data reveals. Life Storage, Inc. (NYSE: LSI) is also getting the attention of the smart money, as 21 hedge funds tracked by Insider Monkey reported owning stakes in the company in the second quarter of 2021, down from 26 funds a quarter earlier.
2. NVIDIA Corporation (NASDAQ: NVDA)
Harding’s Stake Value: $14,175,000
Percentage of David Harding’s 13F Portfolio: 0.76%
Number of Hedge Fund Holders: 86
NVIDIA Corporation (NASDAQ: NVDA) is a technology company with operations all over the world. It was incorporated in 1993 and is ranked second on the list of 10 stocks to buy today according to British billionaire David Harding. NVIDIA Corporation (NASDAQ: NVDA) shares have gained about 74.98% over the last 12 months.
On August 24, NVIDIA Corporation (NASDAQ: NVDA) announced its AI Enterprise software suite of AI tools and frameworks for VMware, Inc.’s (NYSE: VMW) vSphere cloud computing virtualization platform. On August 20, Benchmark analyst David Williams reiterated a coverage on NVIDIA Corporation (NASDAQ: NVDA) with a “Buy” rating and gave the price target of $230.
Winton Capital Management holds 17,717 shares in NVIDIA Corporation (NASDAQ: NVDA) worth $14.18 million, representing 0.76% of their portfolio. In addition, hedge funds are loading up on NVIDIA Corporation (NASDAQ: NVDA), as Insider Monkey’s data shows that 86 hedge funds held stakes in the company as of the second quarter of 2021, compared to 80 funds at the end of the first quarter of 2021.
In its second-quarter, 2021 investor letter Vulcan Value Partners, mentioned NVIDIA Corporation (NASDAQ: NVDA). Here is what the fund said:
“NVIDIA Corp. was a material contributor during the quarter. NVIDIA’s products are at the intersection of a number of important computing trends including the movement to the Cloud, artificial intelligence, autonomous vehicles, edge computing, gaming, and more. The company continues to execute well, and its value continues to compound rapidly.”
1. Berkshire Hathaway Inc. (NYSE: BRK-B)
Harding’s Stake Value: $88,743,000
Percentage of David Harding’s 13F Portfolio: 4.76%
Number of Hedge Fund Holders: 116
Berkshire Hathaway Inc. (NYSE: BRK-B) operates in the insurance, freight rail transportation, and utility industries around the world through its subsidiaries. The company was founded in 1998 and is placed first on the list of 10 stocks to buy today according to British billionaire David Harding. Berkshire Hathaway Inc. (NYSE: BRK-B) shares have returned 32.48% to investors over the course of the past 12 months.
On August 9, UBS analyst Brian Meredith raised the price target on Berkshire Hathaway Inc. (NYSE: BRK-B) to $329 from $319 and maintained a “Buy” rating on the shares.
Winton Capital Management holds 212 shares in Berkshire Hathaway Inc. (NYSE: BRK-B) worth over $88.74 million, representing 4.76% of their portfolio. In the second quarter of 2021, 116 hedge funds in the database of Insider Monkey held stakes in Berkshire Hathaway Inc. (NYSE: BRK-B), up from 111 the preceding quarter.
Black Bear Value Partners, in its first-quarter 2021 investor letter, mentioned Berkshire Hathaway Inc. (NYSE: BRK-A). Here is what Black Bear Value Partners has to say about Berkshire in its investor letter:
“Below is an updated snapshot of our “Berkshire on a Napkin” valuation. This is by no means perfect but provides a very rough idea of how things look at a 10,000-foot view.
While Berkshire’s operating businesses saw their profits decline by ~10% in 2020, their long-term positioning at the cross-section of American business remains intact if not stronger.…” (Click here to see the full text)
You can also take a peek at 10 Best Dividend Stocks to Buy According to Billionaire Ken Griffin and 10 Best Cheap Stocks to Buy According to Michael Burry
