Baird Financial Group Inc. Sells 18,097 Shares of Honeywell International Inc. $HON

Baird Financial Group Inc. decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 6.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 269,788 shares of the conglomerate’s stock after selling 18,097 shares during the period. Baird Financial Group Inc.’s holdings in Honeywell International were worth $62,828,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of HON. Nuveen LLC bought a new stake in shares of Honeywell International in the 1st quarter worth $1,150,929,000. Laurel Wealth Advisors LLC lifted its holdings in shares of Honeywell International by 23,503.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock valued at $865,506,000 after buying an additional 3,700,786 shares during the period. Wellington Management Group LLP boosted its stake in shares of Honeywell International by 8.9% in the 1st quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate’s stock worth $3,335,476,000 after buying an additional 1,293,137 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Honeywell International by 64.6% during the 1st quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate’s stock valued at $561,634,000 after purchasing an additional 1,041,273 shares during the last quarter. Finally, Vista Cima Wealth Management LLC bought a new position in Honeywell International in the first quarter worth approximately $164,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Royal Bank Of Canada raised Honeywell International from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $235.00 to $253.00 in a report on Monday, October 27th. HSBC cut their price target on Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a research note on Tuesday, November 11th. Deutsche Bank Aktiengesellschaft lowered their price objective on Honeywell International from $271.00 to $265.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. BNP Paribas Exane began coverage on shares of Honeywell International in a report on Wednesday. They set a “neutral” rating and a $195.00 price objective for the company. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Honeywell International in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $236.71.

Honeywell International Trading Down 0.6%

HON opened at $192.23 on Friday. The stock has a 50-day moving average of $201.37 and a 200 day moving average of $215.71. Honeywell International Inc. has a 12 month low of $169.21 and a 12 month high of $228.04. The firm has a market cap of $122.04 billion, a P/E ratio of 20.26, a P/E/G ratio of 2.63 and a beta of 0.96. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. 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 and its 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 announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be paid a dividend of $1.19 per share. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, November 14th. Honeywell International’s payout ratio is presently 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.