Honeywell International Inc. $HON is International Assets Investment Management LLC’s 8th Largest Position

International Assets Investment Management LLC boosted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 0.4% in the second quarter, HoldingsChannel reports. The fund owned 156,729 shares of the conglomerate’s stock after purchasing an additional 686 shares during the quarter. Honeywell International makes up 1.8% of International Assets Investment Management LLC’s portfolio, making the stock its 8th largest position. International Assets Investment Management LLC’s holdings in Honeywell International were worth $36,499,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HON. Brighton Jones LLC lifted its position in Honeywell International by 9.1% during the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after acquiring an additional 1,582 shares during the last quarter. Boston Trust Walden Corp increased its stake in Honeywell International by 1.4% during the 1st quarter. Boston Trust Walden Corp now owns 15,037 shares of the conglomerate’s stock valued at $3,184,000 after purchasing an additional 213 shares in the last quarter. Good Steward Wealth Advisors LLC acquired a new position in Honeywell International during the 1st quarter valued at approximately $228,000. Advisor Resource Council acquired a new position in Honeywell International during the 1st quarter valued at approximately $695,000. Finally, Dale Q Rice Investment Management Ltd acquired a new position in Honeywell International during the 1st quarter valued at approximately $300,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

HON has been the topic of a number of recent analyst reports. Jefferies Financial Group cut their price target on shares of Honeywell International from $240.00 to $230.00 and set a “hold” rating on the stock in a research note on Tuesday, October 7th. Weiss Ratings restated a “buy (b-)” rating on shares of Honeywell International in a research note on Wednesday, October 8th. Barclays upped their price target on shares of Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Honeywell International from $268.00 to $271.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Honeywell International from $222.00 to $212.00 and set a “neutral” rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $251.67.

Honeywell International Stock Down 0.1%

NASDAQ:HON opened at $202.96 on Friday. The firm has a market capitalization of $128.86 billion, a P/E ratio of 23.09, a PEG ratio of 2.28 and a beta of 1.06. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The company’s fifty day moving average price is $212.63 and its 200-day moving average price is $216.91. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The company had revenue of $8.95 billion for the quarter. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. 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 research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors 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 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, November 14th. Honeywell International’s dividend payout ratio (DPR) is 51.42%.

Insider Buying and Selling

In related news, CEO Lucian Boldea sold 42,149 shares of the firm’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the sale, the chief executive officer owned 10,334 shares in the company, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.20% 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.