Wealthquest Corp bought a new stake in Honeywell International Inc. (NASDAQ:HON – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,833 shares of the conglomerate’s stock, valued at approximately $553,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Holos Integrated Wealth LLC acquired a new stake in shares of Honeywell International in the fourth quarter valued at about $25,000. Ares Financial Consulting LLC acquired a new stake in shares of Honeywell International in the fourth quarter valued at about $26,000. JPL Wealth Management LLC acquired a new stake in shares of Honeywell International in the third quarter valued at about $31,000. Strategic Wealth Advisors LLC acquired a new stake in shares of Honeywell International in the fourth quarter valued at about $29,000. Finally, Strive Asset Management LLC bought a new stake in shares of Honeywell International during the third quarter worth approximately $33,000. Institutional investors and hedge funds own 75.91% of the company’s stock.
Honeywell International Stock Performance
Shares of NASDAQ:HON opened at $227.92 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.39 and a debt-to-equity ratio of 1.98. Honeywell International Inc. has a 12-month low of $186.76 and a 12-month high of $248.18. The business has a 50 day moving average of $223.63 and a 200-day moving average of $216.67. The stock has a market cap of $144.42 billion, a PE ratio of 32.28, a P/E/G ratio of 3.26 and a beta of 0.82.
Honeywell International Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 15th will be given a $1.19 dividend. 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 presently 67.42%.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on HON shares. Rothschild & Co Redburn reduced their price objective on Honeywell International from $235.00 to $225.00 and set a “neutral” rating for the company in a report on Thursday. Weiss Ratings cut Honeywell International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 13th. Wolfe Research boosted their price objective on Honeywell International from $293.00 to $296.00 and gave the stock an “outperform” rating in a report on Thursday, March 26th. The Goldman Sachs Group reduced their price objective on Honeywell International from $262.00 to $258.00 and set a “buy” rating for the company in a report on Friday, April 24th. Finally, Argus boosted their price objective on Honeywell International from $250.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Thirteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Honeywell International presently has an average rating of “Moderate Buy” and an average price target of $247.83.
View Our Latest Stock Report on HON
Honeywell International Company 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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