Evelyn Partners Investment Management LLP Has $5.54 Million Stock Position in Honeywell International Inc. $HON

Evelyn Partners Investment Management LLP raised its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2,161.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 23,808 shares of the conglomerate’s stock after purchasing an additional 22,755 shares during the quarter. Evelyn Partners Investment Management LLP’s holdings in Honeywell International were worth $5,544,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Honeywell International by 0.7% during the first quarter. Vanguard Group Inc. now owns 62,209,455 shares of the conglomerate’s stock worth $13,172,852,000 after buying an additional 447,744 shares during the period. Wellington Management Group LLP grew its holdings in Honeywell International by 8.9% during the 1st quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate’s stock worth $3,335,476,000 after acquiring an additional 1,293,137 shares during the period. Bank of New York Mellon Corp raised its position in shares of Honeywell International by 0.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,777,498 shares of the conglomerate’s stock worth $1,578,344,000 after acquiring an additional 48,968 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Honeywell International by 9.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,038,080 shares of the conglomerate’s stock worth $1,278,563,000 after acquiring an additional 505,083 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Honeywell International by 5.4% during the 1st quarter. Invesco Ltd. now owns 5,568,610 shares of the conglomerate’s stock valued at $1,179,153,000 after purchasing an additional 283,193 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insiders Place Their Bets

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the transaction, the chief executive officer directly owned 10,334 shares of the company’s stock, valued at $2,289,807.72. The trade was a 80.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Rothschild & Co Redburn dropped their price target on Honeywell International from $240.00 to $222.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Honeywell International in a research report on Wednesday. Morgan Stanley reduced their price target on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a report on Tuesday, October 28th. Argus cut their price objective on shares of Honeywell International from $250.00 to $225.00 in a research report on Friday, November 14th. Finally, Jefferies Financial Group decreased their target price on Honeywell International from $230.00 to $220.00 in a research report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $239.38.

Honeywell International Trading Up 1.0%

NASDAQ:HON opened at $190.02 on Friday. 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 Inc. has a one year low of $169.21 and a one year high of $228.04. The company has a market cap of $120.64 billion, a PE ratio of 20.02, a PEG ratio of 2.73 and a beta of 1.07. The firm has a 50-day moving average of $204.74 and a 200-day moving average of $217.32.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. The business 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. FY 2023 guidance at 9.100-9.200 EPS. As a group, equities research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be given a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, November 14th. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s payout ratio is currently 50.16%.

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.