Quadrant Capital Group LLC Buys 2,559 Shares of Honeywell International Inc. $HON

Quadrant Capital Group LLC increased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 17.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 17,386 shares of the conglomerate’s stock after purchasing an additional 2,559 shares during the quarter. Quadrant Capital Group LLC’s holdings in Honeywell International were worth $4,049,000 at the end of the most recent quarter.

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

Honeywell International Stock Down 0.5%

Honeywell International stock opened at $189.99 on Thursday. The business’s 50-day moving average price is $203.44 and its 200 day moving average price is $216.87. 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 firm has a market cap of $120.62 billion, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of 2.73 and a beta of 1.07. Honeywell International Inc. has a 52 week low of $169.21 and a 52 week high of $228.04.

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

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders 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 dividend yield of 2.5%. 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 payout ratio is currently 50.16%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Jefferies Financial Group lowered their price target on Honeywell International from $230.00 to $220.00 in a report on Monday, November 3rd. Citigroup upped their price target on Honeywell International from $251.56 to $267.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Argus lowered their price objective on Honeywell International from $250.00 to $225.00 in a research report on Friday, November 14th. Bank of America reaffirmed an “underperform” rating and set a $205.00 target price (down from $265.00) on shares of Honeywell International in a research report on Tuesday, November 18th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Honeywell International from $271.00 to $265.00 and set a “buy” rating for the company in a report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Honeywell International has an average rating of “Moderate Buy” and an average price target of $239.38.

Honeywell International 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.