Honeywell International Inc. $HON Shares Bought by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC grew its position in Honeywell International Inc. (NASDAQ:HON) by 7.8% during the 2nd quarter, Holdings Channel reports. The fund owned 53,233 shares of the conglomerate’s stock after buying an additional 3,859 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Honeywell International were worth $12,397,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Triton Financial Group Inc purchased a new stake in shares of Honeywell International during the second quarter worth about $1,001,000. Amundi lifted its stake in shares of Honeywell International by 30.2% during the 1st quarter. Amundi now owns 519,882 shares of the conglomerate’s stock worth $107,450,000 after purchasing an additional 120,706 shares during the period. Managed Asset Portfolios LLC grew its position in shares of Honeywell International by 2.3% in the second quarter. Managed Asset Portfolios LLC now owns 95,833 shares of the conglomerate’s stock valued at $22,317,000 after purchasing an additional 2,154 shares during the period. Baxter Bros Inc. increased its stake in Honeywell International by 14.6% in the second quarter. Baxter Bros Inc. now owns 35,733 shares of the conglomerate’s stock valued at $8,321,000 after purchasing an additional 4,543 shares during the last quarter. Finally, Integrated Wealth Concepts LLC increased its stake in shares of Honeywell International by 11.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 28,502 shares of the conglomerate’s stock valued at $6,035,000 after acquiring an additional 2,915 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HON has been the topic of a number of research analyst reports. Argus decreased their price target on shares of Honeywell International from $250.00 to $225.00 in a report on Friday, November 14th. BNP Paribas Exane started coverage on Honeywell International in a research note on Wednesday, December 3rd. They set a “neutral” rating and a $195.00 price target for the company. Robert W. Baird reduced their price objective on Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Honeywell International in a research report on Monday, December 1st. Finally, BNP Paribas raised shares of Honeywell International to a “hold” rating in a research report on Wednesday, December 3rd. Seven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Honeywell International currently has an average rating of “Hold” and a consensus target price of $235.44.

Honeywell International Trading Down 0.1%

HON opened at $193.66 on Monday. 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 firm’s 50 day moving average is $199.27 and its 200-day moving average is $214.26. The firm has a market capitalization of $122.95 billion, a P/E ratio of 20.41, a P/E/G ratio of 2.59 and a beta of 0.96. Honeywell International Inc. has a 52-week low of $169.21 and a 52-week high of $228.04.

Honeywell International (NASDAQ:HON) last released its earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The company had revenue of $8.95 billion during 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. Analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 14th were issued a $1.19 dividend. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.76 annualized dividend and a dividend yield of 2.5%. Honeywell International’s dividend payout ratio (DPR) is presently 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.