Mesirow Financial Investment Management Inc. Purchases 194 Shares of Honeywell International Inc. $HON

Mesirow Financial Investment Management Inc. grew its position in shares of Honeywell International Inc. (NASDAQ:HON) by 0.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 47,631 shares of the conglomerate’s stock after acquiring an additional 194 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Honeywell International were worth $11,093,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Honeywell International by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 62,209,455 shares of the conglomerate’s stock valued at $13,172,852,000 after acquiring an additional 447,744 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Honeywell International by 8.9% during the 1st quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate’s stock valued at $3,335,476,000 after acquiring an additional 1,293,137 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Honeywell International by 9.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,038,080 shares of the conglomerate’s stock valued at $1,278,563,000 after acquiring an additional 505,083 shares during the last quarter. Invesco Ltd. boosted its position in shares of Honeywell International by 5.4% during the 1st quarter. Invesco Ltd. now owns 5,568,610 shares of the conglomerate’s stock valued at $1,179,153,000 after acquiring an additional 283,193 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Honeywell International during the 1st quarter valued at approximately $1,150,929,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Stock Performance

HON stock opened at $200.11 on Friday. 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 business’s fifty day simple moving average is $211.54 and its two-hundred day simple moving average is $218.02. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The firm has a market cap of $127.05 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 2.73 and a beta of 1.06.

Honeywell International (NASDAQ:HON) last released its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The business had revenue of $8.95 billion for 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. Analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current 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 paid a $1.19 dividend. The ex-dividend date is Friday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 dividend on an annualized basis and a yield of 2.4%. Honeywell International’s payout ratio is 47.63%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Royal Bank Of Canada upgraded Honeywell International from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $235.00 to $253.00 in a report on Monday. JPMorgan Chase & Co. raised their target price on shares of Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Jefferies Financial Group lowered their target price on shares of Honeywell International from $240.00 to $230.00 and set a “hold” rating for the company in a report on Tuesday, October 7th. Rothschild & Co Redburn lowered their target price on shares of Honeywell International from $240.00 to $222.00 and set a “neutral” rating for the company in a report on Monday. Finally, Barclays raised 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. One 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’s stock. According to MarketBeat, Honeywell International has an average rating of “Moderate Buy” and an average price target of $250.25.

Insider Activity at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the firm’s stock in a transaction 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 transaction, 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.20% of the company’s stock.

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.