Honeywell International Inc. $HON Shares Acquired by Whittier Trust Co.

Whittier Trust Co. lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 5.1% in the second quarter, Holdings Channel reports. The institutional investor owned 281,718 shares of the conglomerate’s stock after buying an additional 13,716 shares during the quarter. Honeywell International accounts for approximately 0.8% of Whittier Trust Co.’s portfolio, making the stock its 23rd biggest position. Whittier Trust Co.’s holdings in Honeywell International were worth $65,606,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Chung Wu Investment Group LLC acquired a new position in Honeywell International in the second quarter worth $26,000. Pandora Wealth Inc. acquired a new position in Honeywell International in the first quarter worth $33,000. RMG Wealth Management LLC acquired a new position in Honeywell International in the second quarter worth $33,000. Activest Wealth Management boosted its holdings in Honeywell International by 425.9% in the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 115 shares during the period. Finally, 1248 Management LLC acquired a new position in Honeywell International in the first quarter worth $38,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on HON. Jefferies Financial Group decreased their price objective on shares of Honeywell International from $240.00 to $230.00 and set a “hold” rating for the company in a report on Tuesday, October 7th. TD Cowen decreased their price objective on shares of Honeywell International from $260.00 to $250.00 in a report on Tuesday, October 7th. Wells Fargo & Company decreased their price objective on shares of Honeywell International from $230.00 to $220.00 and set an “equal weight” rating for the company in a report on Monday, October 6th. Barclays lifted their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Finally, Robert W. Baird decreased their price objective on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International has an average rating of “Moderate Buy” and a consensus target price of $251.67.

Insiders Place Their Bets

In related news, CEO Lucian Boldea sold 42,149 shares of the company’s 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 sale, the chief executive officer owned 10,334 shares of the company’s stock, valued at $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.20% of the stock is owned by insiders.

Honeywell International Stock Performance

Shares of HON opened at $206.03 on Tuesday. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The company has a market cap of $130.81 billion, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 2.52 and a beta of 1.06. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. The firm has a fifty day moving average of $212.43 and a 200-day moving average of $217.09.

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. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. 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. FY 2023 guidance at 9.100-9.200 EPS. As a group, equities analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be issued a $1.19 dividend. 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. This represents a $4.76 annualized dividend and a yield of 2.3%. Honeywell International’s dividend payout ratio is currently 54.15%.

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.