Allspring Global Investments Holdings LLC Has $85.19 Million Stock Holdings in Honeywell International Inc. $HON

Allspring Global Investments Holdings LLC raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 14.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 356,767 shares of the conglomerate’s stock after purchasing an additional 44,136 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Honeywell International were worth $85,185,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Red Door Wealth Management LLC lifted its holdings in shares of Honeywell International by 2.6% during the first quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate’s stock worth $6,160,000 after buying an additional 736 shares in the last quarter. Amundi lifted its holdings in shares of Honeywell International by 30.2% during the first quarter. Amundi now owns 519,882 shares of the conglomerate’s stock worth $107,450,000 after buying an additional 120,706 shares in the last quarter. Spinnaker Trust lifted its holdings in shares of Honeywell International by 2.4% during the first quarter. Spinnaker Trust now owns 11,598 shares of the conglomerate’s stock worth $2,456,000 after buying an additional 276 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of Honeywell International by 11.4% during the first 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 in the last quarter. Finally, Baxter Bros Inc. lifted its holdings in shares of Honeywell International by 14.6% during the second quarter. Baxter Bros Inc. now owns 35,733 shares of the conglomerate’s stock worth $8,321,000 after buying an additional 4,543 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

Honeywell International stock opened at $202.91 on Tuesday. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. The business’s 50-day moving average price is $213.75 and its two-hundred day moving average price is $217.20. The stock has a market cap of $128.83 billion, a PE ratio of 23.08, a P/E/G ratio of 2.25 and a beta of 1.06.

Honeywell International (NASDAQ:HON) last released its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. The firm had revenue of $8.95 billion for the quarter. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. As a group, analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be issued a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a dividend yield of 2.3%. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. Honeywell International’s dividend payout ratio (DPR) is presently 51.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on HON shares. Royal Bank Of Canada dropped their target price on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating for the company in a report on Friday, July 25th. Barclays lifted their target price on Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft lifted their target price on Honeywell International from $268.00 to $271.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Weiss Ratings restated a “buy (b-)” rating on shares of Honeywell International in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group decreased their price target on Honeywell International from $240.00 to $230.00 and set a “hold” rating on the stock in a research report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $251.80.

Insider Buying and Selling at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the business’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the sale, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.41% of the company’s stock.

Honeywell International Company 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.