Honeywell International Inc. $HON Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 305.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 133,134 shares of the conglomerate’s stock after acquiring an additional 100,325 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Honeywell International were worth $31,004,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of HON. Nuveen LLC purchased a new position in shares of Honeywell International during the 1st quarter valued at approximately $1,150,929,000. Wellington Management Group LLP raised its position in Honeywell International by 8.9% during the first 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 period. Alliancebernstein L.P. lifted its holdings in Honeywell International by 64.6% during the first quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate’s stock valued at $561,634,000 after purchasing 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 first quarter valued at about $164,000. Finally, OVERSEA CHINESE BANKING Corp Ltd increased its stake in shares of Honeywell International by 592.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 867,665 shares of the conglomerate’s stock worth $183,728,000 after purchasing an additional 742,281 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Down 0.9%

HON stock opened at $194.07 on Monday. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The firm has a market cap of $123.21 billion, a PE ratio of 20.45, a PEG ratio of 2.73 and a beta of 1.07. The firm’s 50 day moving average price is $208.63 and its 200-day moving average price is $218.33. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36.

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

Honeywell International Increases Dividend

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

Insider Activity

In other news, CEO Lucian Boldea sold 42,149 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Jefferies Financial Group decreased their target price on Honeywell International from $230.00 to $220.00 in a research report on Monday, November 3rd. TD Cowen decreased their price objective on Honeywell International from $260.00 to $250.00 in a report on Tuesday, October 7th. Barclays upped their target price on shares of Honeywell International from $265.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, October 24th. JPMorgan Chase & Co. increased their target price on shares of Honeywell International from $212.00 to $218.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Finally, Royal Bank Of Canada upgraded shares of Honeywell International from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $235.00 to $253.00 in a research report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $249.63.

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.