Highlander Partners L.P. Invests $10.60 Million in Honeywell International Inc. $HON

Highlander Partners L.P. acquired a new stake in Honeywell International Inc. (NASDAQ:HON) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 45,500 shares of the conglomerate’s stock, valued at approximately $10,596,000. Honeywell International makes up approximately 4.1% of Highlander Partners L.P.’s investment portfolio, making the stock its 9th largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC raised its position in Honeywell International by 9.1% in the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after purchasing an additional 1,582 shares during the period. CORDA Investment Management LLC. grew its stake in shares of Honeywell International by 2.1% in the first quarter. CORDA Investment Management LLC. now owns 96,433 shares of the conglomerate’s stock valued at $20,420,000 after buying an additional 2,018 shares in the last quarter. Greenleaf Trust grew its stake in shares of Honeywell International by 3.5% in the first quarter. Greenleaf Trust now owns 121,398 shares of the conglomerate’s stock valued at $25,706,000 after buying an additional 4,117 shares in the last quarter. Brick & Kyle Associates raised its holdings in shares of Honeywell International by 1.4% during the 1st quarter. Brick & Kyle Associates now owns 26,440 shares of the conglomerate’s stock valued at $5,569,000 after buying an additional 365 shares during the period. Finally, Cornerstone Planning Group LLC lifted its position in Honeywell International by 240.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 405 shares of the conglomerate’s stock worth $80,000 after acquiring an additional 286 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

HON has been the subject of several recent research reports. Rothschild & Co Redburn lowered their price objective on shares of Honeywell International from $240.00 to $222.00 and set a “neutral” rating for the company in a research report on Monday, October 27th. TD Cowen decreased their target price on shares of Honeywell International from $260.00 to $250.00 in a research note on Tuesday, October 7th. Citigroup lifted their price target on shares of Honeywell International from $251.56 to $267.00 and gave the stock a “buy” rating in a research note on Tuesday. Robert W. Baird cut their price objective on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Finally, Wells Fargo & Company upped their price objective on shares of Honeywell International from $220.00 to $230.00 and gave the company an “equal weight” rating in a research report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $249.63.

Honeywell International Trading Up 0.3%

NASDAQ HON opened at $197.05 on Thursday. The company has a market capitalization of $125.10 billion, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 2.73 and a beta of 1.07. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The company’s fifty day moving average price is $209.65 and its two-hundred day moving average price is $218.20.

Honeywell International (NASDAQ:HON) last released its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. The company had revenue of $8.95 billion during the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. 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, research 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. Stockholders of record on Friday, November 14th will be given a $1.19 dividend. This represents a $4.76 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s payout ratio is 50.16%.

Insider Buying and Selling at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 10,334 shares of the company’s stock, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.41% of the company’s stock.

Honeywell International 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.