5 Best Blockchain Stocks to Buy

3. Honeywell International Inc. (NASDAQ:HON)

Number of Hedge Fund Holders: 57

Honeywell International Inc. (NASDAQ: HON) is one of the oldest American companies in existence, after having survived for a whopping 115 years. It operates in four segments which cover the productivity, building technologies, materials and aerospace markets. Honeywell International Inc. (NASDAQ:HON) also became one of the first companies in the world in 2019 to bring the reliability of blockchain technologies to the aerospace segment, as it used the secure ledger platform to introduce an online marketplace which significantly reduced transaction times in a highly sensitive market which needed secure part authentication.

Honeywell International Inc. (NASDAQ:HON) had 57 institutional holders out of the 873 polled by Insider Monkey at the end of the second quarter.

ClearBridge Investments had the following to say about Honeywell International Inc. (NASDAQ: HON) earlier this year:

“The portfolio’s quality bias and valuation discipline have generated compelling returns over time with typically strong relative results in more challenging environments as it did through the first three quarters of 2020. However, that same quality bias tends to create a more challenging relative performance environment for the Strategy during periods of sharp economic acceleration, which tend to benefit stocks that are more commodity linked or of lower quality. This has been the case during the vaccine- and stimulus-driven rally experienced late last year and during the most recent quarter. Sectors that lagged in the quarter included industrials, Honeywell also lagged in the quarter after previously generating strong returns over extended periods.”