Vinva Investment Management Ltd Makes New $426,000 Investment in Honeywell International Inc. $HON

Vinva Investment Management Ltd acquired a new stake in Honeywell International Inc. (NASDAQ:HON) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 1,861 shares of the conglomerate’s stock, valued at approximately $426,000.

Other large investors have also added to or reduced their stakes in the company. BankPlus Wealth Management LLC boosted its holdings in shares of Honeywell International by 2.2% during the 2nd quarter. BankPlus Wealth Management LLC now owns 1,986 shares of the conglomerate’s stock worth $463,000 after buying an additional 43 shares in the last quarter. Summit Wealth Group LLC boosted its stake in Honeywell International by 4.3% during the second quarter. Summit Wealth Group LLC now owns 1,115 shares of the conglomerate’s stock worth $260,000 after acquiring an additional 46 shares in the last quarter. Maia Wealth LLC grew its holdings in Honeywell International by 4.1% in the first quarter. Maia Wealth LLC now owns 1,189 shares of the conglomerate’s stock worth $238,000 after purchasing an additional 47 shares during the period. Capital Advisors Ltd. LLC raised its holdings in shares of Honeywell International by 1.8% during the second quarter. Capital Advisors Ltd. LLC now owns 2,696 shares of the conglomerate’s stock valued at $628,000 after purchasing an additional 47 shares during the period. Finally, Bar Harbor Wealth Management increased its position in Honeywell International by 0.3% in the 2nd quarter. Bar Harbor Wealth Management now owns 15,192 shares of the conglomerate’s stock valued at $3,538,000 after buying an additional 47 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Up 0.9%

Shares of NASDAQ HON opened at $191.67 on Friday. The stock has a market capitalization of $121.69 billion, a PE ratio of 20.20, a P/E/G ratio of 2.73 and a beta of 1.07. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04. The business’s fifty day moving average price is $202.68 and its 200-day moving average price is $216.47. Honeywell International Inc. has a one year low of $169.21 and a one year high of $228.04.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS 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. On average, equities research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be given a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.5%. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. Honeywell International’s dividend payout ratio (DPR) is 50.16%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on HON shares. Barclays boosted their price objective on Honeywell International from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, October 24th. Rothschild & Co Redburn decreased their target price on shares of Honeywell International from $240.00 to $222.00 and set a “neutral” rating for the company in a research report on Monday, October 27th. Robert W. Baird dropped their price target 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, October 13th. TD Cowen decreased their price objective on Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a report on Monday, November 10th. Finally, 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 report on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $239.38.

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.