Ray Dalio Was Wrong About These 5 Stocks

3. Donaldson Company, Inc. (NYSE:DCI)

Number of Hedge Fund Holders: 24  

Percentage Decline in Share Price (YTD): 9.19% 

Donaldson Company, Inc. (NYSE:DCI) makes and sells filtration systems. Securities filings reveal that Bridgewater Associates owned over 39,000 shares of Donaldson Company, Inc. (NYSE:DCI) at the end of March 2022 worth $2 million, representing a small portion of the portfolio. 

On June 2, Baird analyst Richard Eastman maintained an Outperform rating on Donaldson Company, Inc. (NYSE:DCI) stock and lowered the price target to $61 from $65, noting that the updated target reflected “ongoing broad-based inflation”. 

Among the hedge funds being tracked by Insider Monkey, London-based investment firm Impax Asset Management is a leading shareholder in Donaldson Company, Inc. (NYSE:DCI), with 1.4 million shares worth more than $75 million.