Capital Insight Partners LLC Has $4.23 Million Stock Position in Honeywell International Inc. $HON

Capital Insight Partners LLC lowered its stake in Honeywell International Inc. (NASDAQ:HON) by 16.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,082 shares of the conglomerate’s stock after selling 4,021 shares during the quarter. Capital Insight Partners LLC’s holdings in Honeywell International were worth $4,227,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of HON. Chung Wu Investment Group LLC purchased a new position in shares of Honeywell International in the second quarter worth approximately $26,000. RMG Wealth Management LLC acquired a new position in Honeywell International in the 2nd quarter worth approximately $33,000. Activest Wealth Management grew its position in Honeywell International by 425.9% during the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 115 shares in the last quarter. Howard Hughes Medical Institute acquired a new stake in Honeywell International during the 2nd quarter valued at $33,000. Finally, 1248 Management LLC purchased a new stake in shares of Honeywell International in the first quarter valued at $38,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Up 0.5%

Shares of Honeywell International stock opened at $199.11 on Monday. The firm has a market cap of $126.41 billion, a price-to-earnings ratio of 20.98, a P/E/G ratio of 2.66 and a beta of 0.96. The stock has a 50-day simple moving average of $198.46 and a 200-day simple moving average of $213.30. Honeywell International Inc. has a 52-week low of $169.21 and a 52-week high of $228.04. 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 (NASDAQ:HON) last issued its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. The firm had revenue of $8.95 billion for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. 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. On average, equities research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 14th were paid a $1.19 dividend. This represents a $4.76 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, November 14th. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio (DPR) is presently 50.16%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Honeywell International from $212.00 to $218.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Robert W. Baird lowered their target price on Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. BNP Paribas raised shares of Honeywell International to a “hold” rating in a research report on Wednesday, December 3rd. Barclays decreased their price target on shares of Honeywell International from $270.00 to $269.00 and set an “overweight” rating for the company in a report on Thursday, December 4th. Finally, Bank of America reaffirmed an “underperform” rating and set a $205.00 price objective (down from $265.00) on shares of Honeywell International in a research report on Tuesday, November 18th. Nine research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $236.56.

About Honeywell International

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.