5 Best EV Battery Stocks To Buy in Late 2023

3. Honeywell International Inc. (NASDAQ:HON)

Number of Hedge Fund Holders: 61

Honeywell International Inc. (NASDAQ:HON) is a publicly traded American multinational conglomerate corporation. The company’s main business operations are divided into four areas: aerospace, building technologies, performance materials and technologies, and safety and productivity solutions.

Earlier this September, battery manufacturer ESS Inc. entered into a agreement with Honeywell International Inc. (NASDAQ:HON), involving a $27.5 million investment, and the potential for an additional $20 million in capital in a second phase. The partnership is significant as it includes an arrangement for Honeywell to serve as a buyer, seller, and reseller of ESS technology, with an initial sales target of $300 million.

By the end of this year’s second quarter, 61 among the 910 hedge funds polled by Insider Monkey had bought and owned Honeywell International Inc. (NASDAQ:HON)’s shares. John Overdeck and David Siegel’s Two Sigma Advisors is the largest shareholder among these through a $406 million investment.