Honeywell International Inc. $HON Shares Acquired by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd increased its holdings in Honeywell International Inc. (NASDAQ:HON) by 7.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,025 shares of the conglomerate’s stock after buying an additional 3,154 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Honeywell International were worth $10,762,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Nuveen LLC bought a new stake in shares of Honeywell International during the first quarter valued at about $1,150,929,000. Wellington Management Group LLP increased its stake in Honeywell International by 8.9% during the 1st quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate’s stock valued at $3,335,476,000 after buying an additional 1,293,137 shares during the period. Alliancebernstein L.P. raised its position in shares of Honeywell International by 64.6% during the 1st quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate’s stock worth $561,634,000 after buying an additional 1,041,273 shares in the last quarter. Vista Cima Wealth Management LLC acquired a new stake in shares of Honeywell International in the 1st quarter worth approximately $164,000. Finally, Kingstone Capital Partners Texas LLC bought a new position in shares of Honeywell International in the second quarter valued at approximately $140,816,000. Institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Citigroup boosted their target price on Honeywell International from $251.56 to $267.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Barclays boosted their price objective on Honeywell International from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. Argus decreased their target price on Honeywell International from $250.00 to $225.00 in a research note on Friday, November 14th. Jefferies Financial Group lowered their target price on Honeywell International from $230.00 to $220.00 in a report on Monday, November 3rd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Honeywell International in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Honeywell International has an average rating of “Moderate Buy” and a consensus target price of $239.38.

Honeywell International Stock Up 1.0%

Shares of Honeywell International stock opened at $190.02 on Friday. Honeywell International Inc. has a 12-month low of $169.21 and a 12-month high of $228.04. The firm has a market capitalization of $120.64 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 2.73 and a beta of 1.07. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70. The stock’s fifty day moving average is $204.74 and its 200-day moving average is $217.32.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.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 anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

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

Insider Activity

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

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.