Mesirow Financial Investment Management Inc. decreased its position in Honeywell International Inc. (NASDAQ:HON – Free Report) by 34.9% during the 4th quarter, HoldingsChannel reports. The fund owned 30,755 shares of the conglomerate’s stock after selling 16,524 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Honeywell International were worth $5,999,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Holos Integrated Wealth LLC bought a new stake in Honeywell International in the 4th quarter valued at approximately $25,000. Ares Financial Consulting LLC bought a new stake in Honeywell International in the 4th quarter valued at approximately $26,000. Strategic Wealth Advisors LLC bought a new stake in Honeywell International in the 4th quarter valued at approximately $29,000. JPL Wealth Management LLC bought a new stake in Honeywell International in the 3rd quarter valued at approximately $31,000. Finally, Strive Asset Management LLC bought a new stake in Honeywell International in the 3rd quarter valued at approximately $33,000. Institutional investors own 75.91% of the company’s stock.
Honeywell International Trading Down 0.3%
Shares of Honeywell International stock opened at $217.96 on Thursday. Honeywell International Inc. has a 12-month low of $186.76 and a 12-month high of $248.18. The stock has a market cap of $138.11 billion, a P/E ratio of 30.87, a P/E/G ratio of 3.12 and a beta of 0.82. The company has a quick ratio of 1.10, a current ratio of 1.39 and a debt-to-equity ratio of 1.98. The business’s 50 day moving average is $226.56 and its 200-day moving average is $216.13.
Honeywell International Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 15th will be paid a dividend of $1.19 per share. The ex-dividend date is Friday, May 15th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.2%. Honeywell International’s dividend payout ratio is currently 67.42%.
Analyst Ratings Changes
Several equities research analysts have commented on HON shares. Royal Bank Of Canada restated an “outperform” rating and issued a $268.00 target price on shares of Honeywell International in a research note on Monday, April 27th. Morgan Stanley boosted their target price on Honeywell International from $235.00 to $245.00 and gave the company an “equal weight” rating in a research note on Thursday, March 12th. Barclays cut their target price on Honeywell International from $255.00 to $243.00 and set an “overweight” rating on the stock in a research note on Friday, April 24th. Wolfe Research boosted their target price on Honeywell International from $293.00 to $296.00 and gave the company an “outperform” rating in a research note on Thursday, March 26th. Finally, Jefferies Financial Group cut their target price on Honeywell International from $245.00 to $240.00 and set a “hold” rating on the stock in a research note on Monday, April 27th. Thirteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $250.00.
Insider Activity
In other news, Director D Scott Davis sold 2,367 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total transaction of $568,080.00. Following the sale, the director owned 31,081 shares in the company, valued at $7,459,440. This represents a 7.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.15% of the stock is currently owned by corporate insiders.
Key Stories Impacting Honeywell International
Here are the key news stories impacting Honeywell International this week:
- Positive Sentiment: Honeywell CEO Vimal Kapur said the Iran conflict and rising AI demand are boosting demand for automation products, which could improve near-term sales across the company’s industrial and aerospace businesses. Honeywell CEO says Iran conflict and AI are boosting demand
- Positive Sentiment: Management also said geopolitics and AI are creating tailwinds as Honeywell moves closer to a breakup, suggesting the portfolio transformation could unlock value for investors over time. Honeywell sees tailwinds from geopolitics and AI as breakup nears
- Positive Sentiment: Analysts remain moderately optimistic on Honeywell, and one recent note highlighted it as a top drone-related stock with about 20% implied upside, reinforcing a constructive longer-term view. Honeywell International Inc. (HON): One of the Best Drone Stocks to Buy According to Wall Street Analysts
- Neutral Sentiment: Honeywell’s Quantinuum quantum-computing unit filed for an IPO, which could surface value but also introduces execution and valuation uncertainty for the parent company. Quantum Computing Stocks: Quantinuum IPO Filing Bucks SPAC Trend
- Negative Sentiment: A broader market roundup noted Honeywell has underperformed the market over the past year, which may keep some investors cautious despite the improving narrative. Honeywell International Stock: Analyst Estimates & Ratings
Honeywell International Profile
Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.
Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.
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