Candriam S.C.A. Has $12.36 Million Stock Position in Honeywell International Inc. $HON

Candriam S.C.A. raised its stake in Honeywell International Inc. (NASDAQ:HON) by 19.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 53,070 shares of the conglomerate’s stock after acquiring an additional 8,660 shares during the period. Candriam S.C.A.’s holdings in Honeywell International were worth $12,359,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Chung Wu Investment Group LLC acquired a new position in Honeywell International in the 2nd quarter worth $26,000. Pandora Wealth Inc. acquired a new stake in shares of Honeywell International in the 1st quarter valued at about $33,000. RMG Wealth Management LLC bought a new stake in shares of Honeywell International in the second quarter valued at about $33,000. Activest Wealth Management boosted its position in shares of Honeywell International by 425.9% during the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after buying an additional 115 shares during the period. Finally, 1248 Management LLC bought a new position in shares of Honeywell International during the first quarter worth about $38,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of HON opened at $199.04 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70. The company’s fifty day simple moving average is $206.96 and its 200 day simple moving average is $218.05. Honeywell International Inc. has a 1-year low of $169.21 and a 1-year high of $228.04. The company has a market cap of $126.37 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 2.73 and a beta of 1.07.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The firm had revenue of $8.95 billion during the quarter. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. On average, research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be issued a dividend of $1.19 per share. The ex-dividend date is Friday, November 14th. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 dividend on an annualized basis and a yield of 2.4%. Honeywell International’s dividend payout ratio is 50.16%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on Honeywell International from $212.00 to $218.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Honeywell International from $271.00 to $265.00 and set a “buy” rating on the stock in a report on Friday, October 24th. TD Cowen reduced their target price on shares of Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a report on Monday, November 10th. Jefferies Financial Group lowered their price target on shares of Honeywell International from $230.00 to $220.00 in a research note on Monday, November 3rd. Finally, Rothschild & Co Redburn cut their price target on shares of Honeywell International from $240.00 to $222.00 and set a “neutral” rating on the stock in a research report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Honeywell International currently has an average rating of “Moderate Buy” and an average target price of $243.33.

Insiders Place Their Bets

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total value of $9,339,375.42. Following the sale, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is currently owned by company insiders.

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.