Fiera Capital Corp Has $5.77 Million Position in Honeywell International Inc. $HON

Fiera Capital Corp grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 77.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,778 shares of the conglomerate’s stock after buying an additional 10,829 shares during the quarter. Fiera Capital Corp’s holdings in Honeywell International were worth $5,770,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Chung Wu Investment Group LLC bought a new position in Honeywell International in the second quarter valued at approximately $26,000. Pandora Wealth Inc. bought a new position in shares of Honeywell International during the 1st quarter worth approximately $33,000. RMG Wealth Management LLC bought a new position in shares of Honeywell International during the 2nd quarter worth approximately $33,000. Activest Wealth Management increased its holdings in shares of Honeywell International by 425.9% during the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after acquiring an additional 115 shares during the last quarter. Finally, 1248 Management LLC bought a new stake in Honeywell International in the 1st quarter valued at $38,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Trading Down 0.4%

Shares of HON stock opened at $199.04 on Friday. Honeywell International Inc. has a twelve month low of $169.21 and a twelve month high of $228.04. The stock’s fifty day simple moving average is $206.96 and its 200 day simple moving average is $218.05. 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 firm has a market capitalization of $126.37 billion, a P/E ratio of 20.97, a P/E/G ratio of 2.73 and a beta of 1.07.

Honeywell International (NASDAQ:HON) last posted its earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The firm had revenue of $8.95 billion during the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%. 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, sell-side analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The firm 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 dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend 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 presently 50.16%.

Insider Transactions at Honeywell International

In other Honeywell International 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 completion of 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 link. Company insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

HON has been the topic of several research analyst reports. Morgan Stanley dropped their price objective on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Honeywell International in a research note on Thursday. Barclays boosted their target price on shares of Honeywell International from $265.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. HSBC decreased their price objective on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Robert W. Baird reduced their target price on Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Honeywell International currently has an average rating of “Moderate Buy” and an average price target of $243.33.

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.