Honeywell International Inc. $HON Shares Sold by 1832 Asset Management L.P.

1832 Asset Management L.P. trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 75.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,222 shares of the conglomerate’s stock after selling 214,393 shares during the period. 1832 Asset Management L.P.’s holdings in Honeywell International were worth $16,120,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Nuveen LLC acquired a new stake in Honeywell International during the 1st quarter worth about $1,150,929,000. Laurel Wealth Advisors LLC boosted its stake in shares of Honeywell International by 23,503.0% in the second quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock worth $865,506,000 after buying an additional 3,700,786 shares during the last quarter. Wellington Management Group LLP grew its holdings in Honeywell International by 8.9% during the first 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 during the period. Alliancebernstein L.P. raised its position in Honeywell International by 64.6% during the first quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate’s stock valued at $561,634,000 after acquiring an additional 1,041,273 shares in the last quarter. Finally, Vista Cima Wealth Management LLC acquired a new position in Honeywell International in the first quarter valued at approximately $164,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HON has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Citigroup upped their price objective on shares of Honeywell International from $251.56 to $267.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Jefferies Financial Group dropped their target price on Honeywell International from $230.00 to $220.00 in a research report on Monday, November 3rd. Robert W. Baird reduced their price target on Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Finally, TD Cowen lowered their price target on Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $236.71.

Honeywell International Stock Down 0.6%

HON stock opened at $192.23 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. The company’s 50 day simple moving average is $201.37 and its 200-day simple moving average is $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 capitalization of $122.04 billion, a PE ratio of 20.26, a P/E/G ratio of 2.63 and a beta of 0.96.

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

Honeywell International Increases Dividend

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

About Honeywell International

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.