Ray Dalio founded Bridgewater Associates. The firm is one of the world’s largest hedge funds. According to Forbes Magazine, Mr. Dalio was worth $20 billion as of December 2021. He has over 30 years of experience in the financial industry. As of the third quarter of this year, Bridgewater Associates’ portfolio was worth $18 billion. The fund has averaged 11.5 percent annualized returns over the last 28 years. Walmart Inc. and PepsiCo, Inc. are two well-known companies in which it has invested.
Insider Monkey discusses the list of the 10 industrial stocks to buy according to billionaire Ray Dalio. In its fiscal third quarter, Mohawk Industries, Inc. generated $2.8 billion in revenue and $3.95 in non-GAAP EPS. In November 2021, BofA set a $174 price target for the company. Celanese Corporation had sales of $2.2 billion and a non-GAAP EPS of $4.82 in its third quarter. BMO Capital upped its price objective from $190 to $200 in October 2021. Robert Joseph Caruso’s Select Equity Group is the company’s top stakeholder, with 887,636 shares worth $385 million. Pool Corporation generated $1.4 billion in revenue and $4.44 in non-GAAP EPS in its third fiscal quarter. During the third quarter of this year, Bridgewater Associates owned 213,006 shares of Genuine Parts Company. In a May 2021 research note, Goldman Sachs boosted the business’s price objective from $113 to $125, citing economic recovery as a positive for the company. The Clorox Company sells bleach and cleaning goods to both businesses and regular people. Barclays cut its price estimate from $138 to $131, citing the chemical company’s unanticipated cash flow concerns in its earnings. For more details, click 10 Industrial Stocks To Buy According To Billionaire Ray Dalio.