Machina Capital S.A.S. Purchases 3,296 Shares of Honeywell International Inc. $HON

Machina Capital S.A.S. grew its position in shares of Honeywell International Inc. (NASDAQ:HON) by 25.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,122 shares of the conglomerate’s stock after buying an additional 3,296 shares during the quarter. Machina Capital S.A.S.’s holdings in Honeywell International were worth $3,754,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of Honeywell International by 9.1% during 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. World Investment Advisors grew its stake in shares of Honeywell International by 1.0% during the first quarter. World Investment Advisors now owns 22,600 shares of the conglomerate’s stock valued at $4,786,000 after purchasing an additional 213 shares during the last quarter. Concurrent Investment Advisors LLC grew its stake in shares of Honeywell International by 41.2% during the first quarter. Concurrent Investment Advisors LLC now owns 31,155 shares of the conglomerate’s stock valued at $6,597,000 after purchasing an additional 9,087 shares during the last quarter. Vickerman Investment Advisors Inc. grew its stake in shares of Honeywell International by 15.2% during the first quarter. Vickerman Investment Advisors Inc. now owns 17,649 shares of the conglomerate’s stock valued at $3,737,000 after purchasing an additional 2,334 shares during the last quarter. Finally, Sierra Ocean LLC grew its stake in shares of Honeywell International by 453.1% during the first quarter. Sierra Ocean LLC now owns 271 shares of the conglomerate’s stock valued at $57,000 after purchasing an additional 222 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Insider Transactions at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction on 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 sale, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HON. Royal Bank Of Canada raised shares of Honeywell International from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $235.00 to $253.00 in a research note on Monday, October 27th. JPMorgan Chase & Co. raised their price objective on shares of Honeywell International from $212.00 to $218.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Jefferies Financial Group reduced their price objective on shares of Honeywell International from $240.00 to $230.00 and set a “hold” rating on the stock in a research note on Tuesday, October 7th. Citigroup raised their price objective on shares of Honeywell International from $265.00 to $267.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Honeywell International from $271.00 to $265.00 and set a “buy” rating on the stock in a research note on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $250.25.

Honeywell International Trading Up 0.6%

HON opened at $201.33 on Monday. The firm’s fifty day moving average is $211.11 and its two-hundred day moving average is $218.34. 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 firm has a market cap of $127.82 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 2.73 and a beta of 1.06. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77.

Honeywell International (NASDAQ:HON) last posted its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. The company had revenue of $8.95 billion for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. 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 anticipate that Honeywell International Inc. will post 10.34 EPS 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 dividend of $1.19 per share. The ex-dividend date is Friday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.4%. Honeywell International’s dividend payout ratio (DPR) is 50.16%.

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.