Honeywell International Inc. $HON Shares Bought by Maple Capital Management Inc.

Maple Capital Management Inc. lifted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 155,222 shares of the conglomerate’s stock after acquiring an additional 3,799 shares during the period. Honeywell International comprises approximately 2.5% of Maple Capital Management Inc.’s holdings, making the stock its 14th largest holding. Maple Capital Management Inc.’s holdings in Honeywell International were worth $36,148,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in HON. Vanguard Group Inc. lifted its position in shares of Honeywell International by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 62,209,455 shares of the conglomerate’s stock worth $13,172,852,000 after buying an additional 447,744 shares during the last quarter. Wellington Management Group LLP grew 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 buying an additional 1,293,137 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Honeywell International by 0.7% during the second quarter. Bank of New York Mellon Corp now owns 6,777,498 shares of the conglomerate’s stock worth $1,578,344,000 after acquiring an additional 48,968 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Honeywell International by 9.1% in the first quarter. Goldman Sachs Group Inc. now owns 6,038,080 shares of the conglomerate’s stock worth $1,278,563,000 after acquiring an additional 505,083 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Honeywell International by 5.4% in the first quarter. Invesco Ltd. now owns 5,568,610 shares of the conglomerate’s stock worth $1,179,153,000 after acquiring an additional 283,193 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Lucian Boldea sold 42,149 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer owned 10,334 shares of the company’s stock, valued at $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Wells Fargo & Company increased their price target on Honeywell International from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Friday, October 24th. Barclays upped their price objective on Honeywell International from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. HSBC dropped their target price on Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a research report on Tuesday. Morgan Stanley reduced their price target on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a report on Tuesday, October 28th. Finally, JPMorgan Chase & Co. increased their price objective 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. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Honeywell International currently has an average rating of “Moderate Buy” and a consensus price target of $247.50.

Honeywell International Price Performance

Shares of HON opened at $200.41 on Wednesday. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The stock’s fifty day moving average is $207.82 and its 200-day moving average is $218.30. 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 $127.24 billion, a price-to-earnings ratio of 21.12, a price-to-earnings-growth ratio of 2.73 and a beta of 1.07.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. The business had revenue of $8.95 billion during the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. Equities analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be paid 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 2.4%. The ex-dividend date is Friday, November 14th. Honeywell International’s dividend payout ratio (DPR) is 50.16%.

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.