Holocene Advisors LP Acquires New Holdings in Honeywell International Inc. $HON

Holocene Advisors LP bought a new position in Honeywell International Inc. (NASDAQ:HON) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 400,000 shares of the conglomerate’s stock, valued at approximately $93,152,000. Holocene Advisors LP owned approximately 0.06% of Honeywell International as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the company. Triton Financial Group Inc acquired a new position in shares of Honeywell International during the second quarter valued at about $1,001,000. Managed Asset Portfolios LLC grew its position in Honeywell International by 2.3% during the 2nd quarter. Managed Asset Portfolios LLC now owns 95,833 shares of the conglomerate’s stock worth $22,317,000 after purchasing an additional 2,154 shares during the last quarter. Amundi grew its position in 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 last quarter. Baxter Bros Inc. increased its stake in Honeywell International by 14.6% during the 2nd 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 in the last quarter. Finally, Integrated Wealth Concepts LLC raised its holdings in shares of Honeywell International by 11.4% in the first quarter. Integrated Wealth Concepts LLC now owns 28,502 shares of the conglomerate’s stock worth $6,035,000 after buying an additional 2,915 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HON. Argus dropped their price objective on shares of Honeywell International from $250.00 to $225.00 in a report on Friday, November 14th. Wells Fargo & Company dropped their price target on Honeywell International from $230.00 to $218.00 and set an “equal weight” rating on the stock in a research note on Friday, November 14th. Deutsche Bank Aktiengesellschaft reduced their price objective on Honeywell International from $265.00 to $264.00 and set a “buy” rating for the company in a research note on Monday, December 8th. BNP Paribas Exane started coverage on Honeywell International in a research report on Wednesday, December 3rd. They issued a “neutral” rating and a $195.00 target price on the stock. Finally, Morgan Stanley reduced their price target on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 28th. Seven equities 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’s stock. Based on data from MarketBeat, Honeywell International presently has a consensus rating of “Hold” and a consensus target price of $235.44.

Honeywell International Stock Down 0.1%

Honeywell International stock opened at $193.66 on Friday. The business’s 50-day moving average price is $199.27 and its 200 day moving average price is $214.42. 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 has a market cap 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.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results 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 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. As a group, sell-side 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 was paid on Friday, December 5th. Investors 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. This represents a $4.76 annualized dividend and a yield of 2.5%. The ex-dividend date was Friday, November 14th. Honeywell International’s dividend payout ratio (DPR) is 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.