TD Waterhouse Canada Inc. Has $23.37 Million Position in Honeywell International Inc. $HON

TD Waterhouse Canada Inc. decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 2.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 97,899 shares of the conglomerate’s stock after selling 2,082 shares during the period. TD Waterhouse Canada Inc.’s holdings in Honeywell International were worth $23,365,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in HON. Brighton Jones LLC raised its stake in shares of Honeywell International by 9.1% in the fourth 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 during the last quarter. Obermeyer Wealth Partners grew its holdings in Honeywell International by 118.8% during the first quarter. Obermeyer Wealth Partners now owns 3,982 shares of the conglomerate’s stock worth $843,000 after buying an additional 2,162 shares in the last quarter. Ignite Planners LLC grew its holdings in Honeywell International by 23.2% during the first quarter. Ignite Planners LLC now owns 1,284 shares of the conglomerate’s stock worth $271,000 after buying an additional 242 shares in the last quarter. PFG Advisors raised its position in Honeywell International by 29.9% in the 1st quarter. PFG Advisors now owns 18,171 shares of the conglomerate’s stock valued at $3,848,000 after buying an additional 4,179 shares during the last quarter. Finally, VSM Wealth Advisory LLC grew its stake in shares of Honeywell International by 4.8% in the 1st quarter. VSM Wealth Advisory LLC now owns 1,100 shares of the conglomerate’s stock worth $233,000 after acquiring an additional 50 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Performance

NASDAQ:HON opened at $191.45 on Wednesday. The company has a market capitalization of $121.55 billion, a P/E ratio of 20.17, a P/E/G ratio of 2.73 and a beta of 1.07. The business has a fifty day simple moving average of $206.13 and a two-hundred day simple moving average of $217.89. 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 Inc. has a 1 year low of $169.21 and a 1 year high of $228.04.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The firm had revenue of $8.95 billion for 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, analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be paid a $1.19 dividend. The ex-dividend date is 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%.

Insider Activity

In related news, CEO Lucian Boldea sold 42,149 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Royal Bank Of Canada upgraded shares of Honeywell International from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $235.00 to $253.00 in a report on Monday, October 27th. Weiss Ratings reissued a “hold (c+)” rating on shares of Honeywell International in a research report on Thursday, November 13th. TD Cowen reduced their target price on Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a report on Monday, November 10th. Rothschild & Co Redburn decreased their price target on Honeywell International from $240.00 to $222.00 and set a “neutral” rating for the company in a research report on Monday, October 27th. Finally, Bank of America reissued an “underperform” rating and issued a $205.00 price objective (down previously from $265.00) on shares of Honeywell International in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $239.38.

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.