Mirabella Financial Services LLP Purchases 39,930 Shares of Honeywell International Inc. $HON

Mirabella Financial Services LLP lifted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 838.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,692 shares of the conglomerate’s stock after purchasing an additional 39,930 shares during the period. Honeywell International accounts for approximately 1.1% of Mirabella Financial Services LLP’s portfolio, making the stock its 21st largest position. Mirabella Financial Services LLP’s holdings in Honeywell International were worth $10,408,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wellington Management Group LLP increased its stake in shares of Honeywell International by 8.9% during the first quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate’s stock valued at $3,335,476,000 after buying an additional 1,293,137 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Honeywell International by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 6,777,498 shares of the conglomerate’s stock valued at $1,578,344,000 after purchasing an additional 48,968 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Honeywell International by 9.1% during the first quarter. Goldman Sachs Group Inc. now owns 6,038,080 shares of the conglomerate’s stock valued at $1,278,563,000 after buying an additional 505,083 shares during the period. Invesco Ltd. raised its stake in Honeywell International by 5.4% in the first quarter. Invesco Ltd. now owns 5,568,610 shares of the conglomerate’s stock worth $1,179,153,000 after buying an additional 283,193 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in Honeywell International in the first quarter worth about $1,150,929,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $192.23 on Friday. The firm has a market cap of $122.04 billion, a P/E ratio of 20.26, a PEG ratio of 2.63 and a beta of 0.96. Honeywell International Inc. has a twelve month low of $169.21 and a twelve month high of $228.04. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70. The company has a 50 day moving average of $201.37 and a 200 day moving average of $215.71.

Honeywell International (NASDAQ:HON) last issued its earnings results on Monday, December 11th. The conglomerate reported $2.25 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 and its FY 2023 guidance at 9.100-9.200 EPS. As a group, research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be issued a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, November 14th. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s payout ratio is 50.16%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Honeywell International in a report on Monday. Royal Bank Of Canada raised Honeywell International from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $235.00 to $253.00 in a research note on Monday, October 27th. Deutsche Bank Aktiengesellschaft lowered their price objective on Honeywell International from $271.00 to $265.00 and set a “buy” rating for the company in a research report on Friday, October 24th. Bank of America reaffirmed an “underperform” rating and issued a $205.00 target price (down from $265.00) on shares of Honeywell International in a research report on Tuesday, November 18th. Finally, Wells Fargo & Company decreased their target price on shares of Honeywell International from $230.00 to $218.00 and set an “equal weight” rating for the company in a research note on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Honeywell International currently has an average rating of “Hold” and a consensus price target of $236.71.

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.