HON
Quantinuum Raises IPO Size To $1.46 Billion
Article Summary
BUY- Quantinuum Inc. (NASDAQ: HON) raised its planned initial public offering to as much as $1.46 billion, raising both the number of shares on offer and the expected price range, with 26.5 million shares being offered at $53 to $55 each, up sharply from its earlier plan to sell about 21 million shares at $45 to $50 each.
- Honeywell International is developing powerful quantum computers that could tackle complex tasks beyond traditional processors, with possible uses across chemistry, machine learning, cybersecurity, finance and drug discovery.
- The Trump administration announced more than $2 billion in funding for a group of US quantum computing firms on May 21, with Quantinuum set to receive $100 million while the government receives a stake in return.
- At the top of the new range, the company would be valued at $14.3 billion based on outstanding shares listed in its filing, with pricing expected after the market closes in New York on Wednesday and trading expected to begin the following day.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 1.2% | 25% | 20.0 ptsMinimal (1.2%) - Very weak |
| EPS Growth Next 5Y ? | 8.8% | 25% | 20.0 ptsWeak (8.8%) - Low expectations |
| Target Price Upside ? | 4.8% | 20% | 20.0 ptsMinimal Upside (4.8%) - Target: $247.91 vs Current: $236.54 |
| Gross Margin % ? | 38.1% | 15% | 60.0 ptsSolid (38.1%) - Decent margins |
| Drawdown from 52-Wk High ? | -4.7% | 15% | 20.0 ptsBarely a Dip (-4.7%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About HON
- Honeywell International Inc. engages in the aerospace technologies, industrial automation, building automation, and energy and sustainable solutions businesses in the United States, Europe, and internationally.
- The company's Aerospace Technologies segment offers auxiliary power units, propulsion engines, integrated avionics, connectivity services, electric power systems, management and technical services, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; thermal systems; and spare parts; repair, overhaul, and maintenance services.
- Its Industrial Automation segment provides automation control and instrumentation products and services; smart energy products; sensing technologies with custom-engineered sensors and services; gas detection technologies and personal protective equipment; and system design automation equipment, as well as software and analytics for manufacturing, distribution, and fulfillment operations.
- Its Building Automation segment provides software applications for building control and optimization; sensors, switches, control systems, and instruments for energy management; access control; video surveillance; fire products; and installation, maintenance, and upgrade of systems.
- The company's Energy and Sustainability Solutions segment, through its UOP business, delivers licensed process technology, equipment, engineering, catalysts, adsorbents, and services for refining, petrochemicals, low-carbon energy, gas and LNG, and industrial solutions; as well as connectivity, data integration and software solutions.
- Honeywell International Inc. was founded in 1885 and is headquartered in Charlotte, North Carolina.