5 EV Stocks to Buy According to Cathie Wood

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1. Honeywell International Inc (NASDAQ:HON)

Number of Hedge Fund Holders: 51  

Honeywell International Inc. (NASDAQ:HON) is a diversified technology and manufacturing company. The firm markets electric and hybrid electric propulsion systems used in electric engines. It also offers EV thermal management services. Latest 13F filings show that ARK owned 29,482 shares of Honeywell International Inc. (NASDAQ:HON) at the end of March 2022 worth $5.7 million, representing 0.02% of the portfolio of the fund. The tech firm has been in the ARK portfolio since the fourth quarter of 2020. 

On May 2, Citi analyst Andrew Kaplowitz maintained a Buy rating on Honeywell International Inc. (NASDAQ:HON) stock and raised the price target to $232 from $229, noting that the firm had the ability to effectively execute despite ongoing supply chain and inflationary pressures.

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm DE Shaw is a leading shareholder in Honeywell International Inc. (NASDAQ:HON), with 1.6 million shares worth more than $342 million. 

You can also take a peek at 10 Best Stocks for Animal Lovers and 10 Best Nickel Stocks to Buy Now.

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