Honeywell International Inc. (NASDAQ:HON) Shares Purchased by abrdn plc

abrdn plc boosted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 79.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 285,418 shares of the conglomerate’s stock after acquiring an additional 125,994 shares during the period. abrdn plc’s holdings in Honeywell International were worth $59,855,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Industrial Alliance Investment Management Inc. lifted its holdings in Honeywell International by 1,205.8% in the 3rd quarter. Industrial Alliance Investment Management Inc. now owns 3,395 shares of the conglomerate’s stock valued at $627,000 after purchasing an additional 3,135 shares in the last quarter. Jag Capital Management LLC boosted its position in Honeywell International by 40.8% during the third quarter. Jag Capital Management LLC now owns 1,619 shares of the conglomerate’s stock worth $299,000 after acquiring an additional 469 shares during the last quarter. Shulman DeMeo Asset Management LLC grew its stake in Honeywell International by 11.1% in the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,686 shares of the conglomerate’s stock worth $354,000 after acquiring an additional 169 shares during the period. Ferguson Wellman Capital Management Inc. raised its holdings in Honeywell International by 1.7% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 495,917 shares of the conglomerate’s stock valued at $103,999,000 after acquiring an additional 8,493 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new position in shares of Honeywell International during the 3rd quarter worth $203,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on HON. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and upped their target price for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Barclays increased their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Finally, Royal Bank of Canada decreased their price target on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $219.67.

Honeywell International Price Performance

Honeywell International stock opened at $194.26 on Monday. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $126.50 billion, a P/E ratio of 22.94, a PEG ratio of 2.23 and a beta of 1.02. The firm has a fifty day moving average of $198.35 and a 200-day moving average of $196.07. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $210.87.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, February 1st. The conglomerate reported $2.60 EPS for the quarter, beating the consensus estimate of $2.59 by $0.01. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The company had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.70 billion. During the same period last year, the company posted $2.52 earnings per share. The firm’s revenue was up 2.8% compared to the same quarter last year. As a group, analysts predict that Honeywell International Inc. will post 9.94 EPS for the current year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.22%. The ex-dividend date was Thursday, February 29th. Honeywell International’s dividend payout ratio (DPR) is 51.00%.

Insider Activity

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the transaction, the director now directly owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.41% of the company’s stock.

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.