5 Best Quantum Computing Stocks To Buy Now

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In this article, we discuss 5 best quantum computing stocks to buy now. If you want to read our detailed discussion on the quantum computing industry, head directly to 11 Best Quantum Computing Stocks To Buy Now

5. Honeywell International Inc. (NASDAQ:HON)

Number of Hedge Fund Holders: 61

Honeywell International Inc. (NASDAQ:HON) is a globally operating diversified technology and manufacturing company. Honeywell Quantum Solutions has created some of the most advanced quantum computers worldwide, utilizing trapped-ion technology. Honeywell International Inc. (NASDAQ:HON) is one of the top quantum computing stocks to buy. On September 29, the company declared a quarterly dividend of $1.08 per share, a 4.9% increase from its prior dividend of $1.03. The dividend is distributable on December 1, to shareholders of record on November 10. 

According to Insider Monkey’s second quarter database, 61 hedge funds were bullish on Honeywell International Inc. (NASDAQ:HON), compared to 58 funds in the last quarter. John Overdeck and David Siegel’s Two Sigma Advisors is the leading stakeholder of the company, with 1.95 million shares worth $406.3 million. 

Here is what ClearBridge Investments said about Honeywell International Inc. (NASDAQ:HON) in its Q1 2023 investor letter:

“We also used the strength in the market to sell our position in diversified industrial company Honeywell International Inc. (NASDAQ:HON). While a recovery in its commercial aerospace business remains a tailwind, we believe the valuation is extended and industrial demand continues to soften.”

Follow Honeywell International Inc (NYSE:-)

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