Honeywell International Inc. $HON Shares Sold by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA lowered its holdings in Honeywell International Inc. (NASDAQ:HON) by 30.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,885 shares of the conglomerate’s stock after selling 28,866 shares during the period. Union Bancaire Privee UBP SA’s holdings in Honeywell International were worth $14,079,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Brighton Jones LLC boosted its position 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 buying an additional 1,582 shares during the period. American Century Companies Inc. lifted its position in Honeywell International by 2.9% during the 1st quarter. American Century Companies Inc. now owns 301,211 shares of the conglomerate’s stock worth $63,782,000 after acquiring an additional 8,493 shares in the last quarter. Maven Securities LTD boosted its holdings in Honeywell International by 138.7% in the 1st quarter. Maven Securities LTD now owns 13,182 shares of the conglomerate’s stock worth $2,791,000 after acquiring an additional 7,660 shares during the period. Texas Capital Bank Wealth Management Services Inc grew its position in Honeywell International by 84.7% in the first quarter. Texas Capital Bank Wealth Management Services Inc now owns 3,899 shares of the conglomerate’s stock valued at $826,000 after acquiring an additional 1,788 shares in the last quarter. Finally, Texas Capital Bancshares Inc TX grew its position in Honeywell International by 7.3% in the first quarter. Texas Capital Bancshares Inc TX now owns 2,924 shares of the conglomerate’s stock valued at $619,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on HON. JPMorgan Chase & Co. upped their target price on shares of Honeywell International from $212.00 to $218.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. BNP Paribas Exane started coverage on shares of Honeywell International in a research report on Wednesday, December 3rd. They issued a “neutral” rating and a $195.00 price objective for the company. Citigroup raised their target price on Honeywell International from $251.56 to $267.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Jefferies Financial Group cut their price target on Honeywell International from $230.00 to $220.00 in a research note on Monday, November 3rd. Finally, Barclays reduced their price target on Honeywell International from $270.00 to $269.00 and set an “overweight” rating for the company in a report on Thursday, December 4th. Nine investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International presently has an average rating of “Hold” and a consensus target price of $236.56.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $198.26 on Wednesday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36. Honeywell International Inc. has a 1 year low of $169.21 and a 1 year high of $228.04. The firm’s 50-day simple moving average is $198.82 and its 200-day simple moving average is $213.88. The firm has a market cap of $125.87 billion, a PE ratio of 20.89, a price-to-earnings-growth ratio of 2.64 and a beta of 0.96.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share 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 during 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. Equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal 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. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.76 annualized dividend and a dividend yield of 2.4%. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio is currently 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.