The Caxton Associates industry analysts believe that General Electric Company, 3M Company, and Aptiv PLC are a few of the industrial companies that investors should buy. In 1983, Bruce Kovner established Caxton Associates, a global macro hedge fund. The fund now has more than $11 billion in assets under management. On March 31, Caxton’s 13F portfolio was only worth $1.23 billion. The fund drastically changed its strategy, moving away from financial and technology stocks. Since the end of 2017, Caxton has invested less heavily in industrial equities than it does presently.
Insider Monkey looks at 10 industrial stocks that Caxton Associates considers must-buys. Despite a number of challenges during the quarter, such as supply chain issues and a Covid outbreak among its employees, Astec Industries, Inc. produced outstanding first-quarter earnings. After purchasing 2,275 shares in Q1, Caxton Associates now holds a sizable position in Lockheed Martin Corporation. Hedge fund ownership of LMT recovered nearly to all-time highs in the first quarter after plummeting in Q4. During the first quarter, Caxton Associates more than doubled its holdings in Honeywell International Inc. Long-term growth is anticipated to range between 4 and 7 percent for the organization. One of the few industrial large-cap companies, Honeywell is increasing its growth rates. In Q1, Watts Water Technologies Inc. outperformed forecasts for revenue and EPS. Margin expansion is a priority for the corporation, especially in the Asia-Pacific area. WTS’s hedge fund ownership increased by 44% in the fourth quarter of 2021, but didn’t change in the most recent quarter. In the first quarter, hedge fund Caxton increased its holding in ITT Inc. This year, the company’s organic revenues are anticipated to increase by almost 10%. ITT was nonetheless able to increase its quarterly dividend by 20% in February in spite of this. For more details, click 10 Industrial Stocks That Are ‘Must Buys’ According To Caxton Associates.
