Exchange Traded Concepts LLC Buys 53,452 Shares of Honeywell International Inc. $HON

Exchange Traded Concepts LLC raised its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 134.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,300 shares of the conglomerate’s stock after purchasing an additional 53,452 shares during the period. Exchange Traded Concepts LLC’s holdings in Honeywell International were worth $19,640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of HON. Brighton Jones LLC boosted its stake in Honeywell International by 9.1% during the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after buying an additional 1,582 shares during the period. Quantitative Investment Management LLC purchased a new stake in shares of Honeywell International in the first quarter valued at $8,806,000. Apexium Financial LP lifted its holdings in shares of Honeywell International by 11.7% in the 1st quarter. Apexium Financial LP now owns 2,430 shares of the conglomerate’s stock worth $515,000 after acquiring an additional 254 shares during the last quarter. CSM Advisors LLC boosted its stake in shares of Honeywell International by 25.9% during the 1st quarter. CSM Advisors LLC now owns 56,072 shares of the conglomerate’s stock worth $11,871,000 after purchasing an additional 11,532 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in Honeywell International by 33.2% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,023,232 shares of the conglomerate’s stock valued at $216,669,000 after purchasing an additional 254,900 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Up 0.5%

HON 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 PEG ratio of 2.66 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 Inc. has a 12 month low of $169.21 and a 12 month high of $228.04. The stock has a fifty day moving average price of $198.46 and a 200-day moving average price of $213.30.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The business 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 anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 14th were given 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 positive change from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s payout ratio is currently 50.16%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HON. HSBC dropped their target price on Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a research report on Tuesday, November 11th. TD Cowen cut their price objective 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. Citigroup increased their target price on Honeywell International from $251.56 to $267.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. The Goldman Sachs Group lowered their target price on shares of Honeywell International from $245.00 to $236.00 and set a “buy” rating for the company in a research note on Tuesday, December 16th. Finally, Jefferies Financial Group cut their price target on shares of Honeywell International from $230.00 to $220.00 in a report on Monday, November 3rd. Nine research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and a consensus target price of $236.56.

Honeywell International Company Profile

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.