Fisher Asset Management LLC Sells 10,179 Shares of Honeywell International Inc. $HON

Fisher Asset Management LLC lessened its stake in Honeywell International Inc. (NASDAQ:HON) by 6.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 147,654 shares of the conglomerate’s stock after selling 10,179 shares during the period. Fisher Asset Management LLC’s holdings in Honeywell International were worth $34,386,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Chung Wu Investment Group LLC purchased a new stake in Honeywell International during the second quarter valued at $26,000. Pandora Wealth Inc. bought a new stake in shares of Honeywell International during the 1st quarter valued at about $33,000. RMG Wealth Management LLC purchased a new stake in shares of Honeywell International during the 2nd quarter valued at about $33,000. Activest Wealth Management lifted its stake in shares of Honeywell International by 425.9% in the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 115 shares during the period. Finally, 1248 Management LLC purchased a new position in shares of Honeywell International in the first quarter worth approximately $38,000. 75.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on HON. TD Cowen reduced their target price on shares of Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a report on Monday, November 10th. Jefferies Financial Group reduced their price objective on Honeywell International from $230.00 to $220.00 in a research note on Monday, November 3rd. Bank of America reiterated an “underperform” rating and set a $205.00 target price (down from $265.00) on shares of Honeywell International in a research report on Tuesday, November 18th. Morgan Stanley reduced their price target on Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 28th. Finally, Barclays lifted their price objective on Honeywell International from $265.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $239.38.

Honeywell International Stock Performance

NASDAQ HON opened at $193.15 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70. Honeywell International Inc. has a twelve month low of $169.21 and a twelve month high of $228.04. The business has a 50-day moving average price of $201.98 and a 200-day moving average price of $216.03. The firm has a market cap of $122.63 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 2.73 and a beta of 0.96.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 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 for the quarter. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS and its FY 2023 guidance at 9.100-9.200 EPS. As a group, equities research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

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

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.