5 Best Robotics Stocks To Buy Now

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In this article, we discuss the 5 best robotics stocks to buy now. If you want to read our discussion on the robotics industry, you can go directly to the 13 Best Robotics Stocks To Buy Now.

5. Honeywell International Inc. (NASDAQ:HON)

Number of Hedge Fund Holders: 61

Value of Hedge Fund Holdings: $2,519,406,500

Market Capitalization: $124.75 billion

Honeywell International Inc. (NASDAQ:HON) is a Charlotte, North Carolina-based industrial conglomerate involved in aerospace, building technologies, performance materials, and safety products. The company has a dedicated robotics division that is focused on providing warehousing solutions to enhance distribution, fulfillment, and manufacturing operations by offering AI-powered robots for picking. Honeywell International Inc. (NASDAQ:HON) also offers a smart depalletizer that reduces the risk of injury to the labor.

Here’s 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.”

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