Quilter Plc Cuts Stock Position in Honeywell International Inc. $HON

Quilter Plc trimmed its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 2.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 76,216 shares of the conglomerate’s stock after selling 1,540 shares during the quarter. Quilter Plc’s holdings in Honeywell International were worth $17,749,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of HON. Triton Financial Group Inc acquired a new position in shares of Honeywell International during the second quarter valued at approximately $1,001,000. Amundi increased its position in shares of Honeywell International by 30.2% during the first quarter. Amundi now owns 519,882 shares of the conglomerate’s stock worth $107,450,000 after purchasing an additional 120,706 shares in the last quarter. Baxter Bros Inc. raised its stake in Honeywell International by 14.6% in the 2nd quarter. Baxter Bros Inc. now owns 35,733 shares of the conglomerate’s stock valued at $8,321,000 after purchasing an additional 4,543 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in Honeywell International by 11.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 28,502 shares of the conglomerate’s stock valued at $6,035,000 after purchasing an additional 2,915 shares in the last quarter. Finally, Managed Asset Portfolios LLC boosted its stake in Honeywell International by 2.3% during the 2nd quarter. Managed Asset Portfolios LLC now owns 95,833 shares of the conglomerate’s stock worth $22,317,000 after purchasing an additional 2,154 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 0.5%

Shares of Honeywell International stock opened at $190.57 on Thursday. The stock has a 50 day moving average of $205.71 and a 200 day moving average of $217.69. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36. The firm has a market capitalization of $120.99 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 2.73 and a beta of 1.07. Honeywell International Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $228.04.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The business had revenue of $8.95 billion for 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, research analysts predict that Honeywell International Inc. will post 10.34 earnings per share 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 Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Barclays increased 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. Rothschild & Co Redburn lowered their target price on Honeywell International from $240.00 to $222.00 and set a “neutral” rating on the stock in a report on Monday, October 27th. Argus cut their price target on Honeywell International from $250.00 to $225.00 in a report on Friday, November 14th. JPMorgan Chase & Co. boosted their price objective on Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Finally, Jefferies Financial Group dropped their target price on Honeywell International from $230.00 to $220.00 in a report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $239.38.

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.