Honeywell International Inc. $HON Shares Acquired by Bailard Inc.

Bailard Inc. increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 62.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,568 shares of the conglomerate’s stock after purchasing an additional 8,681 shares during the period. Bailard Inc.’s holdings in Honeywell International were worth $5,256,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Nuveen LLC acquired a new stake in shares of Honeywell International in the first quarter valued at about $1,150,929,000. Wellington Management Group LLP boosted its holdings in Honeywell International by 8.9% in 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. Alliancebernstein L.P. grew its position in 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 acquiring an additional 1,041,273 shares in the last quarter. Vista Cima Wealth Management LLC purchased a new stake in shares of Honeywell International during the first quarter valued at approximately $164,000. Finally, Kingstone Capital Partners Texas LLC acquired a new position in shares of Honeywell International during the second quarter worth $140,816,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Up 0.6%

Shares of Honeywell International stock opened at $201.59 on Thursday. The business has a 50-day moving average price of $207.57 and a 200 day moving average price of $218.19. Honeywell International Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $228.04. The firm has a market cap of $127.99 billion, a P/E ratio of 21.24, a P/E/G ratio of 2.73 and a beta of 1.07. 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 earnings results 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. FY 2023 guidance at 9.100-9.200 EPS. On average, sell-side analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

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

Insider Activity

In other news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total value of $9,339,375.42. Following the completion of the transaction, the chief executive officer directly owned 10,334 shares of the company’s stock, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

HON has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of Honeywell International from $220.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, October 24th. HSBC lowered their target price on Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a research note on Tuesday. TD Cowen dropped their target price on Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday. JPMorgan Chase & Co. increased their price target on Honeywell International from $212.00 to $218.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Finally, Barclays raised their price objective on Honeywell International from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $244.13.

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.