Top 5 Aerospace Stocks To Buy According To Billionaire Mario Gabelli’s GAMCO Investors

4. Honeywell International Inc. (NYSE:HON)

GAMCO Investors’ Stake Value: $60,798,000 

Percentage of GAMCO Investors’ 13F Portfolio: 0.66%

Number of Hedge Fund Holders: 42

Honeywell International Inc. (NYSE:HON) is a diversified manufacturing and technology conglomerate. The company operates through four segments: aerospace, building technologies, performance materials & technologies, and safety & productivity solutions. The company is a leading provider of auxiliary power units, propulsion engines, integrated avionics, and radar & surveillance systems, among other products and services for the aerospace industry.

Wall Street analysts see material upside to Honeywell International Inc. (NYSE:HON). On July 29, Barclays analyst Julian Mitchell raised his price target on Honeywell International Inc. (NYSE:HON) to $210 from $204 and reiterated a buy-side Overweight rating on the shares. This July, JPMorgan analyst Stephen Tusa raised his price target on Honeywell International Inc. (NYSE:HON) to $190 from $180 and maintained an Overweight rating on the shares.

At the close of Q2 2022, 42 hedge funds were eager on Honeywell International Inc. (NYSE:HON) and held stakes worth $1.02 billion in the company. Of those, $60.7 million were of GAMCO Investors. The investment covers 0.66% of Mario Gabelli’s 13F portfolio.