Tevis Investment Management Acquires 5,620 Shares of Honeywell International Inc. $HON

Tevis Investment Management boosted its position in Honeywell International Inc. (NASDAQ:HON) by 333.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,304 shares of the conglomerate’s stock after acquiring an additional 5,620 shares during the period. Honeywell International accounts for 1.1% of Tevis Investment Management’s investment portfolio, making the stock its 29th biggest position. Tevis Investment Management’s holdings in Honeywell International were worth $1,701,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Honeywell International by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 62,209,455 shares of the conglomerate’s stock worth $13,172,852,000 after acquiring an additional 447,744 shares during the last quarter. Wellington Management Group LLP grew its holdings in Honeywell International by 8.9% in the 1st quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate’s stock worth $3,335,476,000 after acquiring an additional 1,293,137 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Honeywell International by 9.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,038,080 shares of the conglomerate’s stock worth $1,278,563,000 after acquiring an additional 505,083 shares during the last quarter. Invesco Ltd. grew its holdings in Honeywell International by 5.4% in the 1st quarter. Invesco Ltd. now owns 5,568,610 shares of the conglomerate’s stock worth $1,179,153,000 after acquiring an additional 283,193 shares during the last quarter. Finally, Nuveen LLC bought a new stake in Honeywell International in the 1st quarter worth $1,150,929,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 0.5%

Honeywell International stock opened at $215.07 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70. The business’s fifty day simple moving average is $212.01 and its two-hundred day simple moving average is $217.90. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The company has a market capitalization of $136.55 billion, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 2.64 and a beta of 1.06.

Honeywell International (NASDAQ:HON) last released its earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The business 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. As a group, equities analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal 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 issued a $1.19 dividend. This represents a $4.76 annualized dividend and a yield of 2.2%. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Friday, November 14th. Honeywell International’s dividend payout ratio is presently 47.63%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Rothschild & Co Redburn cut their price target on shares of Honeywell International from $240.00 to $222.00 and set a “neutral” rating on the stock in a report on Monday. JPMorgan Chase & Co. lifted their target price on shares of Honeywell International from $212.00 to $218.00 and gave the company a “neutral” rating in a research note on Friday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Honeywell International in a research note on Wednesday, October 8th. Morgan Stanley lifted their target price on shares of Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a research note on Monday, July 28th. Finally, TD Cowen cut their target price on shares of Honeywell International from $260.00 to $250.00 in a research note on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $250.88.

Insider Transactions at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of Honeywell International 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 directly owned 10,334 shares of the company’s stock, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.41% of the company’s stock.

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.