5 No-Brainer Dividend Stocks to Buy

In this article, we will take a look at the 5 No-Brainer Dividend Stocks to Buy. For deeper discussion and analysis, 10 No-Brainer Dividend Stocks to Buy. 

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5. Honeywell International Inc. (NASDAQ:HON)

Number of Hedge Fund Holders: 75

On June 3, Goldman Sachs analyst Joe Ritchie raised his price target on Honeywell International Inc. (NASDAQ:HON) to $276 from $258 and maintained a Buy rating on the shares. In a research note, Ritchie said Honeywell’s planned Aerospace separation remains on schedule for June 29. Following the spin-off, the automation business will operate as Honeywell Technologies, while the aerospace business will trade under the ticker HONA. The analyst also pointed to lower-than-expected stranded costs, several upcoming investor events, and Quantinuum’s IPO filing as positive developments. According to Ritchie, the IPO filing provides another valuation benchmark as Honeywell continues its broader restructuring efforts.

Earlier, on May 27, Barclays raised its price target on Honeywell to $251 from $243 and maintained an Overweight rating on the stock. The firm said Honeywell has “clear catalysts ahead,” including two capital markets days and two planned spin-offs in the coming weeks. Barclays believes the shares could have 10% to 15% upside potential before those transactions are completed.

Honeywell International Inc. (NASDAQ:HON) is an integrated operating company that serves customers across a wide range of industries and regions. Its portfolio is supported by the Honeywell Accelerator operating system and the Honeywell Forge platform.