Top 5 Stock Picks of John Zaro’s Bourgeon Capital

4. Honeywell International Inc. (NYSE:HON)

Bourgeon Capital’s Stake Value: $13,085,000

Percentage of Bourgeon Capital’s 13F Portfolio: 3.46%

Number of Hedge Fund Holders: 42

Charlotte, North Carolina-based Honeywell International Inc. (NYSE:HON) is a multinational conglomerate with a focus on providing solutions across aerospace, building technologies, performance materials & technologies, and safety & productivity solutions.

John Zaro’s Bourgeon Capital holds 75,281 shares of Honeywell International Inc. (NYSE:HON), representing 3.46% of the 13F Portfolio of the hedge fund. The number of shares held by Bourgeon Capital has increased by 65% since the beginning of this year.

Honeywell International Inc. (NYSE:HON) released the financial results for Q2 2022. Its total revenue increased by 2% y-o-y to $8.95 billion, while its net income declined by 13% y-o-y to $1.3 billion, for three months ended June 30, 2022. It reported a normalized EPS of $2.10, beating the consensus by $0.07.

Following the earnings release, Citi analyst Andrew Kaplowitz raised the price target for Honeywell shares to $222 from $211 and maintained a ‘Buy’ rating.

As of Q2 2022, 42 hedge funds tracked by Insider Monkey held shares of Honeywell International Inc. (NYSE:HON), valued at $1 billion.