5 Industrial Stocks To Buy According To Billionaire Ray Dalio

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1. Danaher Corporation (NYSE:DHR)

Bridgewater Associates’ Stake Value: $214 million

Percentage of Bridgewater Associates’ 13F Portfolio: 1.17%

Number of Hedge Fund Holders: 74

Danaher Corporation (NYSE:DHR) provides its customers with several products that allow them to manage waste, ground, and ocean water across construction and other industries. It also offers packaging solutions for consumer and industrial products.

Bridgewater Associates held 703,685 Danaher Corporation (NYSE:DHR) shares as of Q3 2021. These were worth $214 million and represented 1.17% of its portfolio. 74 of the 867 hedge funds polled by Insider Monkey held the company’s shares during Q3 2021.

Danaher Corporation (NYSE:DHR) earned $7.23 billion in revenue and $2.39 in non-GAAP EPS for its Q3. This enabled it to beat analyst estimates for both. Its price target was raised by Baird to $340 from $305 in October 2021, with strong guidance and optimistic COVID-19 testing assumptions driving the decision.

Ken Fisher’s Fisher Asset Management is Danaher Corporation (NYSE:DHR)’s largest investor. It owns a stake of $1 billion in the company, through 3.4 million shares.

ClearBridge Investments mentioned the company in its Q2 2021 investor letter, stating that:

“Our differentiated positions in the health care sector also made strong contributions as the market began to reward the heavily discounted sector. Danaher, for example, is seeing customer activity approach pre-pandemic levels and is executing well. In addition to improving health through its life sciences (research tools for biopharmaceutical, food and beverage, medical, aerospace and microelectronics industries) and diagnostics (tools for use in labs and critical care settings) businesses, Danaher offers environmental and applied solutions that keep global food and water supplies safe.”

You can also take a peek at the 10 Best Undervalued UK Stocks to Invest In and 11 Best Dividend Stocks To Buy According To Warren Buffett.

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