Honeywell International Inc. $HON Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. raised its stake in Honeywell International Inc. (NASDAQ:HON) by 6.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 19,146 shares of the conglomerate’s stock after purchasing an additional 1,137 shares during the period. Advisors Asset Management Inc.’s holdings in Honeywell International were worth $4,459,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Brighton Jones LLC grew its position in shares of Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after acquiring an additional 1,582 shares in the last quarter. Vestcor Inc lifted its stake in Honeywell International by 4.3% during the first quarter. Vestcor Inc now owns 12,464 shares of the conglomerate’s stock worth $2,639,000 after purchasing an additional 519 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in Honeywell International by 181.2% in the first quarter. Arkadios Wealth Advisors now owns 15,655 shares of the conglomerate’s stock worth $3,315,000 after purchasing an additional 10,087 shares during the period. Hoxton Planning & Management LLC bought a new stake in Honeywell International during the first quarter valued at $205,000. Finally, Cordatus Wealth Management LLC raised its holdings in shares of Honeywell International by 6.7% during the first quarter. Cordatus Wealth Management LLC now owns 7,332 shares of the conglomerate’s stock worth $1,552,000 after purchasing an additional 463 shares during the period. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Down 0.5%

Shares of Honeywell International stock opened at $189.99 on Friday. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04. Honeywell International Inc. has a 1-year low of $169.21 and a 1-year high of $228.04. The business’s fifty day moving average price is $203.04 and its two-hundred day moving average price is $216.68. The company has a market capitalization of $120.62 billion, a P/E ratio of 20.02, a PEG ratio of 2.73 and a beta of 1.07.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The company had revenue of $8.95 billion during 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. As a group, research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be paid a $1.19 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.5%. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio (DPR) is currently 50.16%.

Analyst Ratings Changes

Several research firms have recently commented on HON. Barclays lifted their price target on shares of Honeywell International from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, October 24th. Citigroup lifted their target price on Honeywell International from $251.56 to $267.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Royal Bank Of Canada raised Honeywell International from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $235.00 to $253.00 in a report on Monday, October 27th. TD Cowen cut their price target on Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Finally, Rothschild & Co Redburn lowered their price objective on Honeywell International from $240.00 to $222.00 and set a “neutral” rating for the company in a research note on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Honeywell International presently has an average rating of “Moderate Buy” and a consensus target price of $239.38.

Honeywell International Company 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.