Cibc World Market Inc. boosted its stake in Honeywell International Inc. (NASDAQ:HON – Free Report) by 24.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 260,556 shares of the conglomerate’s stock after acquiring an additional 51,300 shares during the quarter. Cibc World Market Inc.’s holdings in Honeywell International were worth $50,832,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in HON. Holos Integrated Wealth LLC acquired a new position in shares of Honeywell International during the fourth quarter worth $25,000. Ares Financial Consulting LLC acquired a new stake in shares of Honeywell International during the 4th quarter valued at $26,000. Strategic Wealth Advisors LLC bought a new stake in Honeywell International during the 4th quarter worth $29,000. JPL Wealth Management LLC acquired a new position in Honeywell International in the 3rd quarter worth about $31,000. Finally, Strive Asset Management LLC acquired a new position in Honeywell International in the 3rd quarter worth about $33,000. Institutional investors and hedge funds own 75.91% of the company’s stock.
Honeywell International Price Performance
Honeywell International stock opened at $217.64 on Friday. The stock’s 50 day moving average is $223.95 and its 200 day moving average is $218.75. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.39 and a quick ratio of 1.10. The firm has a market cap of $137.91 billion, a P/E ratio of 30.83, a P/E/G ratio of 3.19 and a beta of 0.85. Honeywell International Inc. has a one year low of $186.76 and a one year high of $248.18.
Honeywell International Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors 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 yield of 2.2%. The ex-dividend date of this dividend is Friday, May 15th. Honeywell International’s dividend payout ratio (DPR) is currently 67.42%.
More Honeywell International News
Here are the key news stories impacting Honeywell International this week:
- Positive Sentiment: Royal Bank of Canada reaffirmed its outperform rating on Honeywell and set a $268 price target, while Goldman Sachs raised its target to $276 and reiterated a buy rating, signaling Wall Street expects meaningful upside from current levels. Article Title
- Positive Sentiment: Honeywell-controlled Quantinuum launched its IPO at $60 per share and raised $1.68 billion, with strong first-day trading interest underscoring investor appetite for Honeywell’s quantum-computing assets and potential value unlock. Article Title
- Positive Sentiment: Honeywell Aerospace is preparing for its standalone debut and told investors it sees strong long-term growth, including an expectation of $6.5 billion in adjusted earnings by 2030, which could support a higher valuation for Honeywell after the spin-off. Article Title
- Positive Sentiment: Honeywell Aerospace’s investor day highlighted a plan to focus on profitable growth, capital allocation, and operational simplification ahead of its planned June 29 spin-off, which could be viewed as a catalyst for unlocking shareholder value. Article Title
- Neutral Sentiment: Honeywell’s stock is also being discussed in valuation pieces that frame the Aerospace spin-off and Quantinuum IPO as part of a broader portfolio reshaping, but these are more interpretive than immediate stock-moving events. Article Title
- Negative Sentiment: The stock declined despite the news flow, suggesting investors may be focusing on near-term valuation concerns or choosing to wait for clearer execution on the planned restructuring and separation events. Article Title
Analyst Ratings Changes
A number of analysts have recently commented on the company. Wells Fargo & Company cut 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. Argus raised their price objective on shares of Honeywell International from $250.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Citigroup cut their target price on shares of Honeywell International from $265.00 to $257.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. Rothschild & Co Redburn reduced their target price on shares of Honeywell International from $235.00 to $225.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. Finally, TD Cowen decreased their price target on shares of Honeywell International from $240.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, April 24th. Thirteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Honeywell International has an average rating of “Moderate Buy” and a consensus target price of $248.04.
Check Out Our Latest Stock Analysis 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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