Evelyn Partners Investment Management Services Ltd Grows Stake in Honeywell International Inc. $HON

Evelyn Partners Investment Management Services Ltd grew its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 34,678.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 6,608 shares of the conglomerate’s stock after acquiring an additional 6,589 shares during the period. Evelyn Partners Investment Management Services Ltd’s holdings in Honeywell International were worth $1,539,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. BankPlus Wealth Management LLC increased its stake in Honeywell International by 2.2% in the second quarter. BankPlus Wealth Management LLC now owns 1,986 shares of the conglomerate’s stock valued at $463,000 after purchasing an additional 43 shares during the period. Summit Wealth Group LLC lifted its stake in Honeywell International by 4.3% during the second quarter. Summit Wealth Group LLC now owns 1,115 shares of the conglomerate’s stock valued at $260,000 after buying an additional 46 shares in the last quarter. Maia Wealth LLC boosted its holdings in Honeywell International by 4.1% in the first quarter. Maia Wealth LLC now owns 1,189 shares of the conglomerate’s stock worth $238,000 after purchasing an additional 47 shares in the last quarter. Capital Advisors Ltd. LLC raised its stake in Honeywell International by 1.8% during the second quarter. Capital Advisors Ltd. LLC now owns 2,696 shares of the conglomerate’s stock worth $628,000 after acquiring an additional 47 shares in the last quarter. Finally, Bar Harbor Wealth Management grew its holdings in Honeywell International by 0.3% during the 2nd quarter. Bar Harbor Wealth Management now owns 15,192 shares of the conglomerate’s stock worth $3,538,000 after acquiring an additional 47 shares during the period. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total value of $9,339,375.42. Following the completion of the transaction, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. This represents a 80.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on HON. HSBC cut their price objective on Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. Barclays lifted their target price on shares of Honeywell International from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. TD Cowen reduced their price target on shares of Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Wells Fargo & Company cut their price target on shares of Honeywell International from $230.00 to $218.00 and set an “equal weight” rating on the stock in a report on Friday, November 14th. Finally, JPMorgan Chase & Co. raised their target price on Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Honeywell International currently has a consensus rating of “Moderate Buy” and an average target price of $239.38.

Honeywell International Stock Up 1.0%

Honeywell International stock opened at $190.02 on Friday. Honeywell International Inc. has a 52-week low of $169.21 and a 52-week high of $228.04. The firm has a 50 day moving average price of $204.74 and a two-hundred day moving average price of $217.32. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36. The firm has a market cap of $120.64 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 2.73 and a beta of 1.07.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The firm had revenue of $8.95 billion for the quarter. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. Equities analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be given a $1.19 dividend. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Friday, November 14th. Honeywell International’s dividend payout ratio (DPR) is currently 50.16%.

Honeywell International Company Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company’s Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, 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; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.