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

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1. TTrane Technologies plc (NYSE:TT)

Bridgewater Associates’ Stake Value: $45.7 million

Percentage of Bridgewater Associates’ 13F Portfolio: 0.26%

Number of Hedge Fund Holders: 28

Trane Technologies plc (NYSE:TT) is an Irish industrial firm that deals in ventilation, refrigeration, and heating products. These include air conditioners, terminal devices, furnaces, heat pumps, and vehicle refrigeration systems.

Trane Technologies plc (NYSE:TT) raked in $3.57 billion in revenue and $1.36 in non-GAAP EPS during its fiscal fourth quarter, beating analyst estimates for both. Wells Fargo reduced the company’s share price target to $174 from $185 in February 2022, outlining that the second half of this year carries the potential to help the company

During the final quarter of 2021, Bridgewater Associates had owned 226,276 Trane Technologies plc (NYSE:TT) shares. These were worth $45.7 million and the stake represented 0.26% of the firm’s investment portfolio. Insider Monkey’s Q4 2021 research of 924 hedge funds outlined that 28 continued to invest in the firm.

Ian Simm’s Impax Asset Management is Trane Technologies plc (NYSE:TT)’s largest investor. It has a $340 million stake that comes through owning 1.6 million shares.

Disclosure: None. You can also take a look at 10 Best Semiconductor Stocks to Invest in According to Ken Griffin’s Citadel Investment Group  and 12 Best Large-cap Biotech Stocks To Buy Now.

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