5 Best Automation Stocks To Buy Now

2. Honeywell International Inc. (NASDAQ:HON)

Number of Hedge Fund Holders: 60    

Honeywell International Inc. (NASDAQ:HON) operates as a diversified technology and manufacturing company worldwide. On December 11, investment advisory Bank of America maintained a Buy rating on Honeywell International Inc. (NASDAQ:HON) stock and lowered the price target to $250 from $265, noting that the active mergers and acquisitions strategy of the firm was positive and the lower target reflected multiple derating. 

At the end of the third quarter of 2023, 60 hedge funds in the database of Insider Monkey held stakes worth $2.2 billion in Honeywell International Inc. (NASDAQ:HON), compared to 61 in the previous quarter worth $2.5 billion.