Wealthquest Corp purchased a new position in Honeywell International Inc. (NASDAQ:HON – Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,833 shares of the conglomerate’s stock, valued at approximately $553,000.
Other hedge funds have also added to or reduced their stakes in the company. Holos Integrated Wealth LLC acquired a new stake in Honeywell International during the 4th quarter worth $25,000. Ares Financial Consulting LLC acquired a new stake in Honeywell International during the 4th quarter worth $26,000. JPL Wealth Management LLC acquired a new stake in Honeywell International during the 3rd quarter worth $31,000. Strategic Wealth Advisors LLC acquired a new stake in Honeywell International during the 4th quarter worth $29,000. Finally, Strive Asset Management LLC acquired a new stake in Honeywell International during the 3rd quarter worth $33,000. Institutional investors and hedge funds own 75.91% of the company’s stock.
Honeywell International Stock Performance
HON opened at $227.92 on Monday. The business’s 50-day moving average price is $223.63 and its two-hundred day moving average price is $216.67. Honeywell International Inc. has a 1 year low of $186.76 and a 1 year high of $248.18. The company has a market capitalization of $144.42 billion, a price-to-earnings ratio of 32.28, a P/E/G ratio of 3.26 and a beta of 0.82. 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 company also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 15th will be paid a $1.19 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.76 annualized dividend and a dividend yield of 2.1%. Honeywell International’s dividend payout ratio (DPR) is currently 67.42%.
Analyst Upgrades and Downgrades
Several analysts recently commented on the company. Evercore raised their price objective on Honeywell International from $255.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Wolfe Research raised their price objective on Honeywell International from $293.00 to $296.00 and gave the stock an “outperform” rating in a research note on Thursday, March 26th. The Goldman Sachs Group dropped their price target on Honeywell International from $262.00 to $258.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. Wells Fargo & Company dropped their price target on Honeywell International from $235.00 to $230.00 and set an “equal weight” rating on the stock in a research note on Friday, April 24th. Finally, Daiwa Securities Group lifted their price target on Honeywell International from $230.00 to $240.00 in a research note on Tuesday, February 3rd. Thirteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $247.83.
Read Our Latest Research Report on HON
Honeywell International Profile
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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