Threadgill Financial LLC Invests $3.16 Million in Honeywell International Inc. $HON

Threadgill Financial LLC acquired a new stake in Honeywell International Inc. (NASDAQ:HON) during the third quarter, Holdings Channel reports. The firm acquired 15,000 shares of the conglomerate’s stock, valued at approximately $3,157,000. Honeywell International comprises 1.5% of Threadgill Financial LLC’s holdings, making the stock its 25th biggest holding.

Several other large investors have also recently modified their holdings of HON. Bank of New York Mellon Corp lifted 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 buying an additional 48,968 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Honeywell International by 9.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,038,080 shares of the conglomerate’s stock valued at $1,278,563,000 after acquiring an additional 505,083 shares during the period. Unisphere Establishment lifted its position in shares of Honeywell International by 8.1% during the second quarter. Unisphere Establishment now owns 4,000,000 shares of the conglomerate’s stock worth $931,520,000 after acquiring an additional 300,000 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Honeywell International by 3.9% in the second quarter. Legal & General Group Plc now owns 3,725,789 shares of the conglomerate’s stock worth $867,663,000 after acquiring an additional 138,235 shares during the period. Finally, Laurel Wealth Advisors LLC boosted its holdings in shares of Honeywell International by 23,503.0% in the second quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock worth $865,506,000 after acquiring an additional 3,700,786 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

HON has been the topic of a number of recent research reports. The Goldman Sachs Group dropped their price objective on Honeywell International from $245.00 to $236.00 and set a “buy” rating on the stock in a report on Tuesday. TD Cowen decreased their price target on Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Citigroup raised their price objective on shares of Honeywell International from $251.56 to $267.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Robert W. Baird decreased their target price on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Finally, Evercore ISI assumed coverage on shares of Honeywell International in a report on Monday. They issued an “outperform” rating and a $255.00 price target for the company. Nine equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $236.56.

Honeywell International Price Performance

HON stock opened at $198.26 on Wednesday. The firm has a 50 day simple moving average of $198.82 and a two-hundred day simple moving average of $213.88. The stock has a market cap of $125.87 billion, a PE ratio of 20.89, a P/E/G ratio of 2.64 and a beta of 0.96. Honeywell International Inc. has a one year low of $169.21 and a one year high of $228.04. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. The company had revenue of $8.95 billion during 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 and its FY 2023 guidance at 9.100-9.200 EPS. On average, analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 14th were given a dividend of $1.19 per share. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date was Friday, November 14th. This represents a $4.76 annualized dividend and a dividend yield of 2.4%. Honeywell International’s dividend payout ratio is currently 50.16%.

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.