World Investment Advisors Increases Holdings in Honeywell International Inc. $HON

World Investment Advisors boosted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 8.2% during the second quarter, Holdings Channel reports. The firm owned 24,457 shares of the conglomerate’s stock after acquiring an additional 1,857 shares during the quarter. World Investment Advisors’ holdings in Honeywell International were worth $5,695,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after purchasing an additional 1,582 shares in the last quarter. Sovran Advisors LLC bought a new position in Honeywell International in the 1st quarter valued at approximately $208,000. Koshinski Asset Management Inc. lifted its position in Honeywell International by 1.7% in the 1st quarter. Koshinski Asset Management Inc. now owns 5,798 shares of the conglomerate’s stock valued at $1,228,000 after acquiring an additional 98 shares in the last quarter. Clear Creek Financial Management LLC bought a new position in Honeywell International in the 1st quarter valued at approximately $913,000. Finally, DAVENPORT & Co LLC lifted its position in Honeywell International by 4.0% in the 1st quarter. DAVENPORT & Co LLC now owns 76,153 shares of the conglomerate’s stock valued at $16,125,000 after acquiring an additional 2,925 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

HON has been the topic of several analyst reports. Morgan Stanley lowered their price objective on Honeywell International from $245.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Wells Fargo & Company boosted their target price on shares of Honeywell International from $220.00 to $230.00 and gave the company an “equal weight” rating in a research note on Friday, October 24th. Citigroup boosted their target price 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. Weiss Ratings reiterated a “buy (b-)” rating on shares of Honeywell International in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada upgraded shares of Honeywell International from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $235.00 to $253.00 in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $250.25.

Insider Activity at Honeywell International

In other 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 transaction of $9,339,375.42. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.

Honeywell International Stock Down 0.7%

Shares of NASDAQ HON opened at $212.89 on Thursday. 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 company has a market cap of $135.16 billion, a P/E ratio of 22.43, a PEG ratio of 2.75 and a beta of 1.06. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The firm has a 50-day simple moving average of $211.89 and a two-hundred day simple moving average of $218.15.

Honeywell International (NASDAQ:HON) last issued 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 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. Research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be issued a $1.19 dividend. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, November 14th. Honeywell International’s dividend payout ratio is presently 50.16%.

About Honeywell International

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.