5 Best Industrial Dividend Stocks To Buy Now

In this article, we discuss 5 best industrial dividend stocks to buy now. If you want to read about some more industrial dividend stocks, go directly to 10 Best Industrial Dividend Stocks To Buy Now.

5. Honeywell International Inc. (NASDAQ:HON)

Number of Hedge Fund Holders: 42    

Dividend Yield as of October 13: 2.38%

Honeywell International Inc. (NASDAQ:HON) operates as a diversified technology and manufacturing company worldwide. It is one of the best industrial stocks to invest in. The firm has an impressive dividend history. It has consistently paid a dividend to shareholders for close to two decades. These payouts have registered consecutive growth in the past eleven years. On September 30, the company declared a quarterly dividend of $1.03 per share, an increase of 5.1% from the previous dividend of $0.98 per share. 

On July 29, JPMorgan analyst Stephen Tusa maintained an Overweight rating on Honeywell International Inc. (NASDAQ:HON) stock and raised the price target to $190 from $180, noting that the company posted a solid Q2 beat.

At the end of the second quarter of 2022, 42 hedge funds in the database of Insider Monkey held stakes worth $1 billion in Honeywell International Inc. (NASDAQ:HON), compared to 50 in the previous quarter worth $1.76 billion.

In its Q3 2021 investor letter, Distillate Capital, an asset management firm, highlighted a few stocks and Honeywell International Inc. (NASDAQ:HON) was one of them. Here is what the fund said:

“The largest exited positions were Oracle, which outperformed significantly, and Texas Instruments and Honeywell International Inc. (NASDAQ:HON), which were roughly flat versus the market in the quarter but were edged out for inclusion by other stocks that became even more attractively valued.”