The Best and Worst Dow Stocks

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20. Honeywell International Inc. (NASDAQ:HON)

Number of Hedge Fund Holders: 67

Short Interest as of Apr 30, 2025: 1.29%

Honeywell International Inc. is involved in the building automation, industrial automation, aerospace technologies, and energy and sustainable solutions businesses. On the back of analyst Amit Mehrotra’s confidence in the company, it was recently added to research firm UBS’s top picks list.

The research firm maintained its Buy rating on the stock. Mehrotra highlighted Honeywell’s attractive valuation, confidence in execution, and segment strength and margin recovery as the main factors behind this upgrade.

He further said:

“We are now adding Honeywell to that list due to good management of expectations, encouraging underlying growth and positioning, and a valuation that we view as having meaningful room for improvement.”

The company has recently announced the acquisition of Sundyne, a pump and gas compressor maker, for $2.16 billion. With this acquisition, the firm will improve its offerings in automation and control systems and critical equipment for industries including petrochemicals and oil and gas. This move is a part of Honeywell’s restructuring efforts.

Chairman and CEO Vimal Kapur mentioned:

“By combining Honeywell’s top-tier technology with Sundyne’s leading process industry solutions, this acquisition will further enhance our dynamic Honeywell UOP business and create strategic growth opportunities in attractive verticals.”

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