Stenger Family Office LLC Takes Position in Honeywell International Inc. $HON

Stenger Family Office LLC purchased a new stake in Honeywell International Inc. (NASDAQ:HON) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 9,022 shares of the conglomerate’s stock, valued at approximately $2,004,000.

Other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP increased its position 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 in the last quarter. Bank of New York Mellon Corp grew its stake in 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 valued at $1,578,344,000 after acquiring an additional 48,968 shares during the period. Goldman Sachs Group Inc. increased its holdings 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 worth $1,278,563,000 after acquiring an additional 505,083 shares in the last quarter. Invesco Ltd. raised its position in Honeywell International by 5.4% during the first 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 during the period. Finally, Nuveen LLC purchased a new position in Honeywell International during the first quarter valued at $1,150,929,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

NASDAQ:HON opened at $191.33 on Friday. Honeywell International Inc. has a one year low of $169.21 and a one year high of $228.04. The stock has a market cap of $121.47 billion, a PE ratio of 20.16, a P/E/G ratio of 2.61 and a beta of 0.96. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36. The stock has a 50 day moving average price of $201.03 and a 200 day moving average price of $215.48.

Honeywell International (NASDAQ:HON) last issued its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (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 during the quarter. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS and its FY 2023 guidance at 9.100-9.200 EPS. Equities research analysts expect 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 was paid on Friday, December 5th. Shareholders of record on Friday, November 14th were paid a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a yield of 2.5%. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend was Friday, November 14th. Honeywell International’s payout ratio is presently 50.16%.

Analyst Ratings Changes

HON has been the subject of several research analyst reports. Citigroup upped 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. Barclays reduced their target price on Honeywell International from $270.00 to $269.00 and set an “overweight” rating for the company in a report on Thursday. Bank of America restated an “underperform” rating and issued a $205.00 target price (down previously from $265.00) on shares of Honeywell International in a research report on Tuesday, November 18th. Rothschild & Co Redburn dropped their price target on Honeywell International from $240.00 to $222.00 and set a “neutral” rating for the company in a research report on Monday, October 27th. Finally, Argus lowered their target price on shares of Honeywell International from $250.00 to $225.00 in a research note on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $236.71.

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.