Versor Investments LP Decreases Position in Honeywell International Inc. $HON

Versor Investments LP decreased its stake in Honeywell International Inc. (NASDAQ:HON) by 13.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,777 shares of the conglomerate’s stock after selling 1,023 shares during the period. Versor Investments LP’s holdings in Honeywell International were worth $1,578,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in Honeywell International by 9.1% in the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after purchasing an additional 1,582 shares during the last quarter. Onyx Bridge Wealth Group LLC purchased a new position in Honeywell International in the first quarter valued at about $226,000. IFM Investors Pty Ltd boosted its holdings in Honeywell International by 21.3% in the first quarter. IFM Investors Pty Ltd now owns 68,491 shares of the conglomerate’s stock valued at $14,158,000 after purchasing an additional 12,049 shares during the last quarter. Capital Investment Advisory Services LLC boosted its holdings in Honeywell International by 39.6% in the first quarter. Capital Investment Advisory Services LLC now owns 9,852 shares of the conglomerate’s stock valued at $2,086,000 after purchasing an additional 2,793 shares during the last quarter. Finally, von Borstel & Associates Inc. purchased a new position in Honeywell International in the first quarter valued at about $167,000. Hedge funds and other institutional investors own 75.91% 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 market cap of $127.82 billion, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 2.73 and a beta of 1.06. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70. The stock’s 50 day simple moving average is $211.11 and its 200 day simple moving average is $218.17.

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 business had revenue of $8.95 billion for 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. Equities research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current 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 paid a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, November 14th. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio (DPR) is presently 50.16%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HON. Weiss Ratings reissued a “buy (b-)” rating on shares of Honeywell International in a report on Wednesday, October 8th. Robert W. Baird reduced their price target on Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Barclays increased their price target on Honeywell International from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, October 24th. Deutsche Bank Aktiengesellschaft cut their price objective on Honeywell International from $271.00 to $265.00 and set a “buy” rating on the stock in a research note on Friday, October 24th. Finally, Royal Bank Of Canada upgraded Honeywell International from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $235.00 to $253.00 in a research note on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Honeywell International has a consensus rating of “Moderate Buy” and an average target price of $250.25.

Insiders Place Their Bets

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of Honeywell International 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 sale, the chief executive officer owned 10,334 shares of the company’s stock, valued at $2,289,807.72. The trade was a 80.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is owned by insiders.

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.