Orion Porfolio Solutions LLC Purchases 3,859 Shares of Honeywell International Inc. $HON

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

A number of other hedge funds and other institutional investors also recently bought and sold shares of HON. Laurel Wealth Advisors LLC raised its stake 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 purchasing an additional 3,700,786 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Honeywell International by 8.9% during the 1st quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate’s stock worth $3,335,476,000 after acquiring an additional 1,293,137 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Honeywell International by 64.6% in the first quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate’s stock valued at $561,634,000 after purchasing an additional 1,041,273 shares during the period. Vista Cima Wealth Management LLC acquired a new position in Honeywell International during the first quarter worth $164,000. Finally, Kingstone Capital Partners Texas LLC purchased a new position in Honeywell International in the 2nd quarter valued at about $140,816,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of HON opened at $193.66 on Monday. The company has a market capitalization of $122.95 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth 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. 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 stock has a 50 day moving average price of $199.27 and a 200 day moving average price of $214.26.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The company had revenue of $8.95 billion for the quarter. 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. Research 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. Shareholders of record on Friday, November 14th were issued a dividend of $1.19 per share. The ex-dividend date of this dividend was Friday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 annualized dividend and a dividend yield of 2.5%. Honeywell International’s dividend payout ratio is 50.16%.

Wall Street Analyst Weigh In

HON has been the topic of a number of research reports. Bank of America reissued an “underperform” rating and issued a $205.00 target price (down from $265.00) on shares of Honeywell International in a research note on Tuesday, November 18th. Robert W. Baird dropped their target price on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Argus dropped their target price on Honeywell International from $250.00 to $225.00 in a research report on Friday, November 14th. Morgan Stanley dropped their price objective on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a report on Tuesday, October 28th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Seven investment 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, the stock currently has a consensus rating of “Hold” and a consensus target price of $235.44.

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.