10 Innovative Dividend Stocks to Buy Right Now

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6. Honeywell International Inc. (NASDAQ:HON)

Number of Hedge Fund Holders: 79

On April 26, Jefferies lowered its price recommendation on Honeywell International Inc. (NASDAQ:HON) to $240 from $245. It reiterated a Hold rating on the shares. The firm said the Middle East war hurt the company’s sales in Q1.

On April 24, Barclays lowered its price goal on Honeywell to $243 from $255. It maintained an Overweight rating following the Q1 report. The firm said the company’s aerospace unit “has some work to do to win over the investment community.”

One of the company’s key innovations is the thermostatic expansion valve (TXV). This component is used in air conditioning and refrigeration systems. It regulates the flow of refrigerant and helps maintain proper temperature and pressure. That improves the overall efficiency of cooling systems.

Honeywell International Inc. (NASDAQ:HON) operates as an integrated company serving a wide range of industries and regions. Its portfolio is supported by the Honeywell Accelerator operating system and the Honeywell Forge platform.

While we acknowledge the potential of HON as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HON and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Innovative Dividend Stocks to Buy Right Now.

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