Honeywell International Inc. $HON Position Lifted by MUFG Securities EMEA plc

MUFG Securities EMEA plc grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 22.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 559,898 shares of the conglomerate’s stock after buying an additional 101,898 shares during the quarter. Honeywell International accounts for 4.2% of MUFG Securities EMEA plc’s portfolio, making the stock its 4th largest position. MUFG Securities EMEA plc owned about 0.09% of Honeywell International worth $130,389,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in HON. Chung Wu Investment Group LLC purchased a new position in Honeywell International in the second quarter valued at about $26,000. RMG Wealth Management LLC purchased a new stake in shares of Honeywell International during the 2nd quarter valued at about $33,000. Howard Hughes Medical Institute purchased a new stake in shares of Honeywell International during the 2nd quarter valued at about $33,000. Activest Wealth Management lifted its position in Honeywell International by 425.9% during the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after acquiring an additional 115 shares in the last quarter. Finally, Pandora Wealth Inc. purchased a new position in Honeywell International in the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

HON has been the topic of a number of recent research reports. TD Cowen reduced their target price on shares of Honeywell International from $260.00 to $250.00 in a research report on Tuesday, October 7th. Morgan Stanley cut their price objective on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 28th. Weiss Ratings restated a “buy (b-)” rating on shares of Honeywell International in a research note on Wednesday, October 8th. Citigroup boosted their price target on Honeywell International from $265.00 to $267.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Finally, Rothschild & Co Redburn lowered their price objective on Honeywell International from $240.00 to $222.00 and set a “neutral” rating for the company in a research note on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Honeywell International has an average rating of “Moderate Buy” and a consensus price target of $250.25.

Insider Activity

In other news, CEO Lucian Boldea sold 42,149 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer directly owned 10,334 shares of the company’s stock, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.

Honeywell International Trading Up 0.6%

Shares of NASDAQ:HON opened at $201.33 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70. The company’s 50-day moving average price is $211.11 and its 200 day moving average price is $218.17. The company has a market cap of $127.82 billion, a PE ratio of 21.21, a P/E/G ratio of 2.73 and a beta of 1.06. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The company 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. Sell-side analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The firm also recently declared 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. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. This represents a $4.76 dividend on an annualized basis and a yield of 2.4%. Honeywell International’s payout ratio is presently 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.