Texas Capital Bank Wealth Management Services Inc boosted its stake in shares of Honeywell International Inc. (NASDAQ:HON – Free Report) by 76.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,661 shares of the conglomerate’s stock after buying an additional 3,307 shares during the period. Texas Capital Bank Wealth Management Services Inc’s holdings in Honeywell International were worth $1,495,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of the stock. Holos Integrated Wealth LLC bought a new position in shares of Honeywell International during the 4th quarter worth approximately $25,000. Ares Financial Consulting LLC bought a new position in shares of Honeywell International during the 4th quarter worth approximately $26,000. Strategic Wealth Advisors LLC bought a new position in shares of Honeywell International during the 4th quarter worth approximately $29,000. JPL Wealth Management LLC bought a new position in shares of Honeywell International during the 3rd quarter worth approximately $31,000. Finally, Strive Asset Management LLC bought a new position in shares of Honeywell International during the 3rd quarter worth approximately $33,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.
Honeywell International Price Performance
NASDAQ:HON opened at $231.55 on Thursday. Honeywell International Inc. has a 1-year low of $186.76 and a 1-year high of $248.18. The company has a current ratio of 1.39, a quick ratio of 1.10 and a debt-to-equity ratio of 1.98. The firm has a fifty day simple moving average of $223.40 and a 200 day simple moving average of $217.39. The stock has a market capitalization of $146.72 billion, a PE ratio of 32.80, a P/E/G ratio of 3.31 and a beta of 0.82.
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 given a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, May 15th. Honeywell International’s payout ratio is 67.42%.
Key Stories Impacting Honeywell International
Here are the key news stories impacting Honeywell International this week:
- Positive Sentiment: Barclays raised its price target on Honeywell International (HON) to $251 from $243 and kept an overweight rating, signaling improved confidence in the stock’s upside potential.
- Positive Sentiment: Honeywell-backed quantum computing unit Quantinuum has launched IPO plans, with pricing set between $45 and $50 per share, potentially highlighting value creation from Honeywell’s portfolio. This Year’s Biggest Quantum IPO Is Coming
- Neutral Sentiment: Honeywell shareholders approved the company’s board slate and reverse split at the annual meeting, a governance and capital structure update that is important but not necessarily a direct earnings driver. Honeywell Shareholders Approve Board Slate and Reverse Split
- Neutral Sentiment: Recent commentary comparing Honeywell to other value stocks and broad tech-sector strength adds background context, but does not appear to be a major direct catalyst for HON today.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on HON shares. Weiss Ratings cut shares of Honeywell International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 13th. Evercore raised their price target on shares of Honeywell International from $255.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. JPMorgan Chase & Co. raised their price target on shares of Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Jefferies Financial Group decreased their price target on shares of Honeywell International from $245.00 to $240.00 and set a “hold” rating for the company in a research note on Monday, April 27th. Finally, Citigroup decreased their price target on shares of Honeywell International from $265.00 to $257.00 and set a “buy” rating for the company in a research note on Friday, April 24th. Thirteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Honeywell International presently has an average rating of “Moderate Buy” and an average target price of $248.17.
Check Out 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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