2,815 Shares in Honeywell International Inc. $HON Bought by DORVAL Corp

DORVAL Corp acquired a new position in shares of Honeywell International Inc. (NASDAQ:HON) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,815 shares of the conglomerate’s stock, valued at approximately $656,000. Honeywell International makes up approximately 0.2% of DORVAL Corp’s portfolio, making the stock its 28th largest holding.

Several other hedge funds and other institutional investors have also modified their holdings of HON. Nuveen LLC purchased a new stake in shares of Honeywell International during the first quarter worth $1,150,929,000. Wellington Management Group LLP increased its position in Honeywell International by 8.9% during the first quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate’s stock worth $3,335,476,000 after buying an additional 1,293,137 shares during the last quarter. Alliancebernstein L.P. increased its position in Honeywell International by 64.6% during the first quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate’s stock worth $561,634,000 after buying an additional 1,041,273 shares during the last quarter. Vista Cima Wealth Management LLC acquired a new position in Honeywell International during the first quarter worth $164,000. Finally, OVERSEA CHINESE BANKING Corp Ltd increased its position in Honeywell International by 592.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 867,665 shares of the conglomerate’s stock worth $183,728,000 after buying an additional 742,281 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction dated 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 directly owned 10,334 shares of the company’s stock, valued at $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.41% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on HON. Barclays increased their target price on shares of Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. TD Cowen lowered their target price on shares of Honeywell International from $260.00 to $250.00 in a research report on Tuesday, October 7th. Morgan Stanley increased their target price on shares of Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Robert W. Baird lowered their target price on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, Wells Fargo & Company lowered their target price on shares of Honeywell International from $230.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Honeywell International currently has a consensus rating of “Moderate Buy” and an average target price of $252.00.

Honeywell International Trading Up 2.8%

Shares of NASDAQ:HON opened at $208.61 on Wednesday. The company has a market cap of $132.45 billion, a P/E ratio of 23.73, a P/E/G ratio of 2.27 and a beta of 1.06. The stock’s 50-day moving average is $213.50 and its 200-day moving average is $217.14. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29.

Honeywell International (NASDAQ:HON) last released its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The business 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. Equities research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be given a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a yield of 2.3%. This is a boost 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 (DPR) is 54.15%.

About Honeywell International

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.