Hibernia Wealth Partners LLC Makes New Investment in Honeywell International Inc. $HON

Hibernia Wealth Partners LLC purchased a new stake in Honeywell International Inc. (NASDAQ:HON) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,561 shares of the conglomerate’s stock, valued at approximately $363,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nuveen LLC acquired a new position in Honeywell International in the 1st quarter worth about $1,150,929,000. Wellington Management Group LLP increased its stake in shares of Honeywell International by 8.9% in the first quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate’s stock valued at $3,335,476,000 after buying an additional 1,293,137 shares during the period. Alliancebernstein L.P. increased its stake in shares of Honeywell International by 64.6% in the first quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate’s stock valued at $561,634,000 after buying an additional 1,041,273 shares during the period. Vista Cima Wealth Management LLC bought a new position in Honeywell International in the 1st quarter valued at approximately $164,000. Finally, Kingstone Capital Partners Texas LLC acquired a new stake in Honeywell International during the 2nd quarter worth approximately $140,816,000. Institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

HON has been the topic of several analyst reports. Rothschild & Co Redburn reduced 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 note on Monday, October 27th. Citigroup boosted their price target on shares of Honeywell International from $251.56 to $267.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Royal Bank Of Canada raised shares of Honeywell International from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $235.00 to $253.00 in a research report on Monday, October 27th. JPMorgan Chase & Co. lifted their price objective on Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Honeywell International from $271.00 to $265.00 and set a “buy” rating for the company in a research note on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Honeywell International has an average rating of “Moderate Buy” and an average target price of $244.13.

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 that occurred on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total value of $9,339,375.42. Following the transaction, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. The trade was a 80.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is owned by insiders.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $199.87 on Friday. The firm has a market capitalization of $126.89 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 2.73 and a beta of 1.07. The stock’s 50 day moving average is $207.26 and its 200-day moving average is $218.06. Honeywell International Inc. has a twelve month low of $169.21 and a twelve month high of $228.04. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The business had revenue of $8.95 billion during the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. Sell-side analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be given a dividend of $1.19 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.76 annualized dividend and a dividend yield of 2.4%. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s payout ratio is 50.16%.

About Honeywell International

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.