Honeywell International Inc. (NASDAQ:HON) is an engineering technology company that provides a wide variety of advanced products such as engine controls, radars, and bullet resistant armor. The firm is currently busy diversifying its business, and it plans to buy a security business for a $4.9 billion price tag for this purpose.
During 2023’s September quarter, 60 out of the 910 hedge funds surveyed by Insider Monkey had invested in the company. Honeywell International Inc. (NASDAQ:HON)’s biggest hedge fund investor is Phill Gross and Robert Atchinson’s Adage Capital Management as it owns 1.8 million shares that are worth $346 million.