10 Best Industrial Stocks to Invest in Now

5. Honeywell International Inc. (NASDAQ:HON)

Number of Hedge Fund Holders: 55

Honeywell International Inc. (NASDAQ:HON) is an industrial company that engages in aerospace technologies, building automation, energy and industrial automation businesses. There is no doubt that the company has been a big disappointment in recent years struggling to convert opportunities in automation, the industrial Internet of Things, and aerospace into meaningful top-and-bottom-line results.

However, there are still reasons to be optimistic about the company’s long-term prospects as an industrial investment play. The company has conducted $10 billion worth of acquisitions since 2023 to unlock new growth opportunities. It is also in the process of reducing its share count to enhance earnings per share as part of a $22 billion share buyback program. Additionally, Honeywell International Inc. (NASDAQ:HON) is streamlining its capital-intensive balance sheet with the spinoff of its industrial heavyweight aeronautics division.

Activist investor Elliott Management, which has acquired $5 billion worth of shares in Honeywell International Inc. (NASDAQ:HON), is also pushing for strategic changes aimed at unlocking more shareholder value.