Is Honeywell International Inc. (HON) One of the Best Dividend Stocks to Invest In According to Jim Simons’ Renaissance Technologies?
Honeywell International Inc. (NASDAQ:HON) is one of the best dividend stocks to invest in, according to Jim Simons’ Renaissance Technologies
On July 7, JPMorgan’s Chigusa Katoku cut Honeywell International Inc. (NASDAQ:HON)’s price target to $250 from $260 while keeping an Overweight rating, citing the Aerospace spin and updated Technologies guidance, and noted upside to 2026 EPS with a credible path for shares to re‑rate to sector multiples if Honeywell delivers on its mid‑term plan. On July 2, Honeywell International Inc. (NASDAQ:HON) received a boost following the completion of the 7.01 MW DC/5 MW AC ground-mount community solar project, SB-14. Developed in upstate New York, the project has reached commercial operation.
The project was developed and constructed as part of a $41 million engineering, procurement, and construction agreement by PowerBank Corporation. It is built on an industrial brownfield owned by Honeywell and regulated by the New York State Department of Environmental Conservation. Honeywell is one of the top dividend stocks according to Jim Simons’ Renaissance Technologies, with a yield of 4.14%.