5 Dividend Stocks Billionaire Mario Gabelli Loves

5. Honeywell International Inc. (NASDAQ:HON)

Number of Hedge Fund Holders: 51

Dividend Yield as of May 20: 2.07%

As of March 31, GAMCO Investors has stakes worth $69.2 million in Honeywell International Inc. (NASDAQ:HON). The investment covers 0.62% of Mario Gabelli’s 13F portfolio and makes the stock one of his top dividend picks. As of May 20, Honeywell International Inc. (NASDAQ:HON) boasts a forward yield of 2.07% and has been growing its dividends for over 18 years, registering a 5-year dividend CAGR of 7.03%.

By the end of the fourth quarter of 2021, 51 hedge funds were long Honeywell International Inc. (NASDAQ:HON) with stakes worth $1.89 billion. This is compared to 45 hedge funds in the prior quarter with stakes of $927.73 million. The hedge fund sentiment for the stock is positive.

Distillate Capital, an investment management firm, mentioned a few companies in its third-quarter 2021 investor letter and  Honeywell International Inc. (NASDAQ:HON) was one of them. Here is what experts at Distillate Capital think:

“The largest exited positions were Oracle, which outperformed significantly, and Texas Instruments and Honeywell, 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.”