Farther Finance Advisors LLC Boosts Stake in Honeywell International Inc. $HON

Farther Finance Advisors LLC grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 76.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,871 shares of the conglomerate’s stock after acquiring an additional 9,903 shares during the period. Farther Finance Advisors LLC’s holdings in Honeywell International were worth $4,814,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Triton Financial Group Inc bought a new position in Honeywell International in the second quarter worth about $1,001,000. Amundi lifted its holdings in shares of Honeywell International by 30.2% in the 1st quarter. Amundi now owns 519,882 shares of the conglomerate’s stock worth $107,450,000 after purchasing an additional 120,706 shares during the last quarter. Managed Asset Portfolios LLC boosted its position in Honeywell International by 2.3% during the 2nd quarter. Managed Asset Portfolios LLC now owns 95,833 shares of the conglomerate’s stock valued at $22,317,000 after purchasing an additional 2,154 shares during the period. Baxter Bros Inc. boosted its position in Honeywell International by 14.6% during the 2nd quarter. Baxter Bros Inc. now owns 35,733 shares of the conglomerate’s stock valued at $8,321,000 after purchasing an additional 4,543 shares during the period. Finally, Integrated Wealth Concepts LLC grew its stake in Honeywell International by 11.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 28,502 shares of the conglomerate’s stock worth $6,035,000 after buying an additional 2,915 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

HON opened at $196.85 on Thursday. The business has a 50 day moving average price of $197.95 and a two-hundred day moving average price of $212.73. 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 has a market capitalization of $124.97 billion, a price-to-earnings ratio of 20.74, a price-to-earnings-growth ratio of 2.85 and a beta of 0.96. Honeywell International Inc. has a 1-year low of $169.21 and a 1-year high of $228.04.

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 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. Research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HON. BNP Paribas Exane started coverage on Honeywell International in a research note on Wednesday, December 3rd. They issued a “neutral” rating and a $195.00 target price on the stock. Rothschild & Co Redburn cut their price objective on shares of Honeywell International from $240.00 to $222.00 and set a “neutral” rating on the stock in a research report on Monday, October 27th. Citigroup boosted their target price on shares of Honeywell International from $251.56 to $267.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. TD Cowen dropped their price target on shares of Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Finally, BNP Paribas raised Honeywell International to a “hold” rating in a report on Wednesday, December 3rd. Nine investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Honeywell International presently has an average rating of “Hold” and a consensus target price of $235.58.

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.