Why Is Honeywell International Inc. (HON) Among the Best Conglomerate Stocks to Buy According to Hedge Funds?

Insider Monkey12-18 06:33

We recently compiled a list of the 10 Best Conglomerate Stocks to Buy According to Hedge Funds. In this article, we are going to take a look at where Honeywell International Inc. (NASDAQ:HON) stands ...

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Global conditions remain benign, courtesy of a healthy US economy, moderating inflation, and a gradual easing of global monetary policy. However, investors are required to remain cognizant of the several risks looming. Notably, governments worldwide have fueled economic activity in a way that has deteriorated fiscal positions. Also, inflation is yet to fully return to the respective targeted levels and the geopolitical situation remains uncertain.Bank of America went on to add that, in 2025, there will be a broadening out of the stock market rally from the \"Mag 7\" tech stocks to other 493 stocks of the S&P 500 Index. J.P. Morgan also has somewhat similar expectations. Let’s look at that in ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"QLD":"纳指两倍做多ETF",".IXIC":"NASDAQ Composite","SPXU":"三倍做空标普500ETF","BK4581":"高盛持仓","BK4504":"桥水持仓","SQQQ":"纳指三倍做空ETF","OEX":"标普100","HON":"霍尼韦尔",".SPX":"S&P 500 Index","SPY":"标普500ETF","SDS":"两倍做空标普500ETF","IVV":"标普500指数ETF","LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC","USJW.SI":"ALPHAB 3xLongSG261006","OEF":"标普100指数ETF-iShares","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","BK4585":"ETF&股票定投概念","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","BK4534":"瑞士信贷持仓","TQQQ":"纳指三倍做多ETF","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","BK4602":"量子计算概念","QID":"纳指两倍做空ETF","TSYW.SI":"TESLA 3xLongSG261006","NVIW.SI":"NVDA 3xLongSG261006","SH":"标普500反向ETF","BK4206":"工业集团企业","VOO":"Vanguard标普500ETF","BK4559":"巴菲特持仓","UPRO":"三倍做多标普500ETF","USAW.SI":"AMZN 3xLongSG261006","BK4550":"红杉资本持仓","BK4588":"碎股","SSO":"两倍做多标普500ETF","PSQ":"纳指反向ETF"},"translate_title":"为什么霍尼韦尔国际公司(HON)是对冲基金认为最值得买入的企业集团股票之一？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HON":1,".IXIC":0.9,"VOO":0.75,"SPY":0.75,"UPRO":0.6,"TSYW.SI":0.6,"TQQQ":0.6,"SSO":0.6,"SQQQ":0.6,"USAW.SI":0.6,"SPXU":0.6,"SH":0.6,"SDS":0.6,"QLD":0.6,"USJW.SI":0.6,"QID":0.6,"PSQ":0.6,"OEX":0.6,"OEF":0.6,".SPX":0.6,"NVIW.SI":0.6,"ESmain":0.6,"MNQmain":0.6,"NQmain":0.6,"IVV":0.6},"content_text":"We recently compiled a list of the 10 Best Conglomerate Stocks to Buy According to Hedge Funds. In this article, we are going to take a look at where Honeywell International Inc. (NASDAQ:HON) stands against the other conglomerate stocks.\nAs per Lloyd Capital, the new year starts on the back of economic resilience. Global conditions remain benign, courtesy of a healthy US economy, moderating inflation, and a gradual easing of global monetary policy. However, investors are required to remain cognizant of the several risks looming. Notably, governments worldwide have fueled economic activity in a way that has deteriorated fiscal positions. Also, inflation is yet to fully return to the respective targeted levels and the geopolitical situation remains uncertain.\nAs per the investment management firm, investors are required to remain focused on analyzing the quality of the businesses they purchase and ensuring that these are done at prices offering an adequate margin of safety relative to intrinsic value.\nS&P 500 to Reach 6,666 in 2025, Says Bank of America\nAs per BofA's equity strategy team, led by Savita Subramanian, the S&P 500 index should reach 6,666 by 2025 end. Part of this growth is expected to stem from healthy economic growth. The investment firm's economics team expects that the US economy should grow at an annualized rate of 2.4% in 2025, higher than Bloomberg consensus forecasts of 2% growth. As a result, the firm has favored companies that are GDP-sensitive and is now going overweight on Financials, Consumer Discretionary, and Real Estate, among others.\nBank of America went on to add that, in 2025, there will be a broadening out of the stock market rally from the \"Mag 7\" tech stocks to other 493 stocks of the S&P 500 Index. J.P. Morgan also has somewhat similar expectations. Let’s look at that in detail.\nREAD ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In.\nHow Can Investing in Conglomerates Provide Support in 2025?\nJ.P. Morgan believes that equity earnings should broaden moving forward. Equity returns were dominated by \"Mag 7\" since the beginning of 2023. Over that period, the broader market (S&P 500 index) managed to return 62%, more than half of which was made by Magnificent 7 (delivering 242% over the same period). The strong returns have a solid backing as the Mag 7 were able to grow their earnings at 40%, and the remaining 493 stocks in the index were able to post 2%.\nHowever, J.P. Morgan expects that performance is expected to broaden in 2025 as the remaining \"493 stocks\" should be able to more than 5 times their earnings growth to 13% in 2025. Therefore, Wall Street analysts believe that investing in companies having a diversified presence should deliver healthy returns in contrast to pure-play (sector-specific) investments. The wealth management firm believes that reduced interest rates, renormalization of inventories and production, and easier comparables are expected to act as potential tailwinds for the cohort over the next year.\nAnalysts are bullish on businesses with multiple revenue streams and one group that gives investors a diversification advantage is conglomerates. With this in mind, let us now have a look at the 10 Best Conglomerate Stocks to Buy According to Hedge Funds.\nOur Methodology\nTo list the 10 Best Conglomerate Stocks to Buy According to Hedge Funds, we used a screener and online rankings. After getting an initial list of 20-25 stocks, we selected the ones having high hedge fund holdings. Finally, the stocks were ranked in ascending order of their hedge fund sentiments, as of Q3 2024.\nAt Insider Monkey we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).\n A shot of a commercial plane with a blur of color in the background, representing the production of auxiliary power units in the Safety and Productivity Solutions segment. \nHoneywell International Inc. (NASDAQ:HON)\nNumber of Hedge Fund Holders: 55\nHoneywell International Inc. (NASDAQ:HON) is a diversified technology and manufacturing powerhouse.\nWall Street believes that Honeywell International Inc. (NASDAQ:HON)’s long-term growth should be driven by a commercial agreement with Bombardier, which is a leading manufacturer of business jets. This alliance includes using Honeywell International Inc. (NASDAQ:HON)’s avionics and engines in Bombardier's aircraft fleet, which should act as a significant opportunity.\nThe agreement should generate ~$17 billion in lifetime revenue opportunities for Honeywell, further strengthening the potential long-term benefits of this alliance. These revenue opportunities indicate a promising growth trajectory for Honeywell International Inc. (NASDAQ:HON)’s aerospace segment. Apart from securing a steady revenue stream, it strengthens Honeywell International Inc. (NASDAQ:HON)’s position as a leading supplier of avionics and engine technologies for business jets.\nThe agreement should lead to higher market share and enhanced brand recognition in the business aviation segment. With Bombardier continuing to innovate and expand its product line, Honeywell International Inc. (NASDAQ:HON) should benefit from the elevated demand for advanced avionics and propulsion systems. With the business jet market recovering and growing, Honeywell International Inc. (NASDAQ:HON) remains well-placed to capitalize on this trend, potentially resulting in sustained revenue growth and margin expansion in the aerospace segment.\nUBS Group reissued a “Buy” rating with a price target of $298.00 (up from $215.00) on the company’s shares on 13th November 2024.\nOverall HON ranks 2nd on our list of the best conglomerate stocks to buy according to hedge funds. While we acknowledge the potential of HON as an investment, our conviction lies in the belief that some deeply undervalued AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for a deeply undervalued AI stock that is more promising than HON but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.   \nREAD NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.   \nDisclosure: None. This article is originally published at Insider Monkey.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492111899"}