Honeywell International Inc. $HON Shares Acquired by Advisors Capital Management LLC

Advisors Capital Management LLC increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 4.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 316,797 shares of the conglomerate’s stock after purchasing an additional 12,599 shares during the period. Honeywell International accounts for about 1.0% of Advisors Capital Management LLC’s holdings, making the stock its 23rd biggest holding. Advisors Capital Management LLC’s holdings in Honeywell International were worth $73,776,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in shares of Honeywell International in the first quarter valued at about $1,150,929,000. Wellington Management Group LLP lifted its position 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 acquiring an additional 1,293,137 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in 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 acquiring an additional 1,041,273 shares during the period. Vista Cima Wealth Management LLC acquired a new stake in Honeywell International in the first quarter valued at approximately $164,000. Finally, Kingstone Capital Partners Texas LLC acquired a new stake in Honeywell International in the second quarter valued at approximately $140,816,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Price Performance

HON opened at $199.87 on Friday. The company has a market capitalization of $126.89 billion, a P/E ratio of 21.06, a PEG ratio of 2.73 and a beta of 1.07. The company has a 50-day moving average of $207.26 and a 200-day moving average of $218.06. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36. Honeywell International Inc. has a 1-year low of $169.21 and a 1-year high of $228.04.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The business had revenue of $8.95 billion for 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 expect that Honeywell International Inc. will post 10.34 EPS 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. Investors of record on Friday, November 14th will be paid a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a yield of 2.4%. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. Honeywell International’s dividend payout ratio (DPR) is 50.16%.

Insider Buying and Selling

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total value of $9,339,375.42. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this link. 0.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of Honeywell International from $220.00 to $230.00 and gave the company an “equal weight” rating in a research note on Friday, October 24th. Barclays boosted their price objective 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. Royal Bank Of Canada raised shares of Honeywell International from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $235.00 to $253.00 in a research report on Monday, October 27th. Robert W. Baird dropped their target price on Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Finally, Rothschild & Co Redburn cut their price target on Honeywell International from $240.00 to $222.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Honeywell International has a consensus rating of “Moderate Buy” and a consensus target price of $244.13.

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.