Honeywell International Inc. (NASDAQ:HON) is included among the 10 Oversold Dividend Stocks to Buy According to Hedge Funds. In its second-quarter earnings report, the company revealed a revenue of $10.35 billion, an 8.09% growth from the previous year, surpassing analysts’ estimates by $289.2 million.

Honeywell (HON) completed significant acquisitions, including Sundyne for $2.2 billion and Johnson Matthey’s Catalyst Technologies division for £1.8 billion. The company also sold its PPE business for $1.3 billion. Operating income increased by 7%, reaching $2.4 billion, driven by growth in the Building Automation segment.

Honeywell International Inc. (NASDAQ:HON) reported an operating cash flow of $1.3 billion and free cash flow of $1 billion. The company ended the quarter with $10.4 billion in cash and cash equivalents. With 14 consecutive years of dividend increases, HON offers a quarterly dividend of $1.13 per share and a dividend yield of 2.02%.

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Read more at Yahoo Finance: Oversold Honeywell (HON) Could Offer Industrial Strength with Dividend Reliability