Metis Global Partners LLC Has $6.95 Million Stake in Honeywell International Inc. $HON

Metis Global Partners LLC reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 8.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,850 shares of the conglomerate’s stock after selling 2,709 shares during the period. Metis Global Partners LLC’s holdings in Honeywell International were worth $6,951,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Nuveen LLC acquired a new position in shares of Honeywell International in the first quarter worth approximately $1,150,929,000. Wellington Management Group LLP raised its holdings in Honeywell International by 8.9% during the 1st quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate’s stock worth $3,335,476,000 after purchasing an additional 1,293,137 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Honeywell International by 64.6% in the 1st quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate’s stock worth $561,634,000 after purchasing an additional 1,041,273 shares during the period. Vista Cima Wealth Management LLC acquired a new position in shares of Honeywell International in the 1st quarter worth approximately $164,000. Finally, OVERSEA CHINESE BANKING Corp Ltd boosted its stake in shares of Honeywell International by 592.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 867,665 shares of the conglomerate’s stock valued at $183,728,000 after purchasing an additional 742,281 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $194.07 on Friday. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. 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 has a 50 day moving average price of $208.63 and a 200-day moving average price of $218.04. The company has a market cap of $123.21 billion, a PE ratio of 20.45, 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 (EPS) for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The firm 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. Equities analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The company also recently disclosed 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. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. This represents a $4.76 annualized dividend and a yield of 2.5%. Honeywell International’s dividend payout ratio (DPR) is 50.16%.

Insider Buying and Selling at Honeywell International

In other 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 value of $9,339,375.42. Following the transaction, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. The trade was a 80.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on HON. Morgan Stanley lowered their target price on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 28th. Royal Bank Of Canada raised Honeywell International from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $235.00 to $253.00 in a research report on Monday, October 27th. Deutsche Bank Aktiengesellschaft dropped their price objective on Honeywell International from $271.00 to $265.00 and set a “buy” rating on the stock in a research note on Friday, October 24th. Citigroup raised their target price on Honeywell International from $251.56 to $267.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. boosted their price target on Honeywell International from $212.00 to $218.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $249.63.

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.