5 Stocks to Sell Now According to Javier Velazquez’s Albar Capital

4. Honeywell International Inc. (NASDAQ:HON)

Albar Capital’s Stake Value in Q1 2022: $5.7 million

Percentage of Albar Capital’s 13F Portfolio In Q1 2022: 2.37%

Number of Hedge Fund Holders: 42

Honeywell International Inc. (NASDAQ:HON) is an American industrial manufacturing company that is headquartered in Charlotte, North Carolina. The firm serves the needs of aerospace and other industries.

Honeywell International Inc. (NASDAQ:HON) aims to grow its revenue by as much as 7% this year, alongside generating $5.1 billion in free cash flows. It has a strong three year return on invested capital of 51%, well above its cost of capital of 8.3%. Berenberg reduced the company’s share price target to $195 from $230 in September 2022.

Mr. Velazquez’s hedge fund sold its $5.7 million stake in Honeywell International Inc. (NASDAQ:HON) during this year’s June quarter. Insider Monkey’s Q2 2022 survey of 895 hedge funds saw 42 as having invested in the firm.

Honeywell International Inc. (NASDAQ:HON)’s largest investor is D. E. Shaw’s D E Shaw which owns 120 million shares that are worth $220 million.