Generali Asset Management SPA SGR Raises Holdings in Honeywell International Inc. $HON

Generali Asset Management SPA SGR lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 85.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 30,210 shares of the conglomerate’s stock after purchasing an additional 13,880 shares during the period. Generali Asset Management SPA SGR’s holdings in Honeywell International were worth $7,035,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Chung Wu Investment Group LLC purchased a new position in shares of Honeywell International in the 2nd quarter valued at about $26,000. Pandora Wealth Inc. purchased a new position in shares of Honeywell International in the 1st quarter valued at about $33,000. RMG Wealth Management LLC purchased a new position in Honeywell International in the second quarter valued at about $33,000. 1248 Management LLC purchased a new position in Honeywell International in the first quarter valued at about $38,000. Finally, Dogwood Wealth Management LLC increased its holdings in Honeywell International by 143.9% in the second quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate’s stock valued at $39,000 after buying an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

Honeywell International stock opened at $202.50 on Thursday. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The firm has a 50 day moving average price of $213.17 and a 200 day moving average price of $217.04. The company has a market cap of $128.57 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 2.34 and a beta of 1.06. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29.

Honeywell International (NASDAQ:HON) last announced 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 14.30% and a return on equity of 37.37%. The company had revenue of $8.95 billion during 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. Sell-side analysts predict 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. Stockholders of record on Friday, November 14th will be issued a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, November 14th. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio (DPR) is presently 51.42%.

Insider Activity

In other news, CEO Lucian Boldea sold 42,149 shares of the business’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the completion of the sale, the chief executive officer owned 10,334 shares in the company, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Honeywell International in a research note on Wednesday, October 8th. Morgan Stanley raised their price target on Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a research report on Monday, July 28th. Jefferies Financial Group dropped their target price on shares of Honeywell International from $240.00 to $230.00 and set a “hold” rating for the company in a report on Tuesday, October 7th. Robert W. Baird dropped their target price on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a report on Monday. Finally, Wells Fargo & Company dropped their target price on shares of Honeywell International from $230.00 to $220.00 and set an “equal weight” rating for the company in a report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $251.67.

About Honeywell International

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.