Cerity Partners LLC Has $125.67 Million Stock Holdings in Honeywell International Inc. $HON

Cerity Partners LLC raised its position in Honeywell International Inc. (NASDAQ:HON) by 9.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 539,643 shares of the conglomerate’s stock after acquiring an additional 45,219 shares during the period. Cerity Partners LLC owned about 0.08% of Honeywell International worth $125,672,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. ESG Planning DBA Harper Investing lifted its position in Honeywell International by 3.9% in the second quarter. ESG Planning DBA Harper Investing now owns 3,642 shares of the conglomerate’s stock worth $848,000 after purchasing an additional 137 shares during the period. Jump Financial LLC raised its stake in shares of Honeywell International by 5,981.6% in the 2nd quarter. Jump Financial LLC now owns 133,796 shares of the conglomerate’s stock valued at $31,158,000 after buying an additional 131,596 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Honeywell International by 5.4% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 1,960 shares of the conglomerate’s stock worth $456,000 after acquiring an additional 101 shares during the period. Stenger Family Office LLC bought a new position in shares of Honeywell International during the 2nd quarter worth about $2,004,000. Finally, Victory Financial Group LLC acquired a new stake in shares of Honeywell International during the 2nd quarter valued at about $304,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 0.5%

Shares of HON opened at $191.33 on Friday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36. The company has a market cap of $121.47 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 2.60 and a beta of 0.96. The stock has a fifty day moving average price of $201.03 and a two-hundred day moving average price of $215.41. Honeywell International Inc. has a 52-week low of $169.21 and a 52-week high of $228.04.

Honeywell International (NASDAQ:HON) last announced its 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. 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 was paid on Friday, December 5th. Shareholders of record on Friday, November 14th were paid a $1.19 dividend. This is a boost 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 was Friday, November 14th. Honeywell International’s payout ratio is presently 50.16%.

Wall Street Analyst Weigh In

A number of research analysts have commented on HON shares. Weiss Ratings restated a “hold (c+)” rating on shares of Honeywell International in a research note on Monday, December 1st. TD Cowen cut their target price on Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Robert W. Baird lowered their price target 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. Royal Bank Of Canada upgraded Honeywell International from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $235.00 to $253.00 in a research note on Monday, October 27th. Finally, Citigroup lifted their price objective on Honeywell International from $251.56 to $267.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Honeywell International presently has a consensus rating of “Hold” and a consensus target price of $236.71.

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.