From Yahoo Finance: 2025-04-28 08:27:00

Madison Investments released its “Madison Dividend Income Fund” first-quarter 2025 investor letter, showing a +3.2% return for Class Y compared to -4.3% for the S&P 500 Index. The fund views the current market as an opportunity to buy high-quality dividend stocks at below-average valuations.

In the first quarter of 2025, Honeywell International Inc. (NASDAQ:HON) saw a -5.95% one-month return and gained 2.78% over the last 52 weeks. The stock closed at $199.16 per share on April 25, 2025, with a market capitalization of $129.127 billion.

Madison Dividend Income Fund highlights Honeywell International Inc. (NASDAQ:HON) as a high-quality relative yield investment in the Industrial sector, citing the company’s leading positions in aerospace, industrial automation, building automation, and safety solutions. The firm believes HON has a sustainable competitive advantage due to its scale and history of innovation.

Honeywell International Inc. (NASDAQ:HON) is not among the 30 most popular stocks among hedge funds, with 67 portfolios holding it at the end of Q4. The firm believes AI stocks offer greater promise for higher returns within a shorter timeframe.

In another article, the list of best edge computing stocks to buy according to hedge funds was shared, including Honeywell International Inc. (NASDAQ:HON).

Read more: Here’s Madison Dividend Income Fund’s Investment Thesis for Honeywell (HON)