Marble Wealth LLC bought a new position in shares of Honeywell International Inc. (NASDAQ:HON – Free Report) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 2,659 shares of the conglomerate’s stock, valued at approximately $519,000.
A number of other hedge funds have also recently added to or reduced their stakes in HON. Holos Integrated Wealth LLC purchased a new position in Honeywell International during the 4th quarter worth approximately $25,000. Ares Financial Consulting LLC purchased a new position in shares of Honeywell International in the 4th quarter valued at approximately $26,000. Strategic Wealth Advisors LLC purchased a new position in shares of Honeywell International in the 4th quarter valued at approximately $29,000. JPL Wealth Management LLC acquired a new stake in shares of Honeywell International in the 3rd quarter valued at approximately $31,000. Finally, Strive Asset Management LLC acquired a new stake in shares of Honeywell International in the 3rd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.
Honeywell International Trading Down 5.1%
Shares of HON opened at $223.26 on Thursday. The stock’s 50-day moving average is $224.03 and its two-hundred day moving average is $218.61. The stock has a market cap of $141.47 billion, a PE ratio of 31.62, a P/E/G ratio of 3.36 and a beta of 0.85. Honeywell International Inc. has a 12 month low of $186.76 and a 12 month high of $248.18. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.39 and a quick ratio of 1.10.
Honeywell International Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 15th will be paid a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, May 15th. Honeywell International’s payout ratio is currently 67.42%.
Trending Headlines about Honeywell International
Here are the key news stories impacting Honeywell International this week:
- Positive Sentiment: Goldman Sachs raised its price target on Honeywell International to $276 from $258 and kept a buy rating, signaling confidence in the stock’s valuation and outlook. Goldman Sachs price target update
- Positive Sentiment: Honeywell’s Quantinuum quantum computing unit raised $1.68 billion in its U.S. IPO, which could crystallize value for HON shareholders and highlight strength in a high-growth asset. Quantinuum IPO Reuters article
- Positive Sentiment: Honeywell Aerospace held an investor day ahead of its planned spin-off and outlined long-term growth targets, including expectations for strong earnings growth and improved capital allocation after separation. Honeywell Aerospace growth outlook
- Positive Sentiment: Analyst commentary and recent coverage suggest the restructuring could unlock value by making Honeywell more focused and easier for investors to value. HON valuation and spinoff analysis
- Neutral Sentiment: Honeywell also announced an independent director appointment to support its portfolio transformation, reinforcing that the company is still executing on its broader restructuring plan. Independent director announcement
- Negative Sentiment: Some market commentary remains skeptical that Honeywell Aerospace will fully deliver the growth investors want after the spinoff, which may be weighing on sentiment in the near term. Barron’s commentary on Honeywell Aerospace
Analyst Upgrades and Downgrades
HON has been the subject of several research reports. The Goldman Sachs Group lifted their price objective on Honeywell International from $258.00 to $276.00 and gave the stock a “buy” rating in a report on Wednesday. Rothschild & Co Redburn dropped their price target on Honeywell International from $235.00 to $225.00 and set a “neutral” rating for the company in a research report on Thursday, May 21st. Morgan Stanley raised their price target on Honeywell International from $235.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 12th. Jefferies Financial Group dropped their price target on Honeywell International from $245.00 to $240.00 and set a “hold” rating for the company in a research report on Monday, April 27th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $275.00 price objective on shares of Honeywell International in a research report on Friday, May 29th. Thirteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $248.04.
Get Our Latest Research Report on HON
About Honeywell International
Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.
Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.
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