Phraction Management LLC Acquires 3,898 Shares of Honeywell International Inc. $HON

Phraction Management LLC lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 6.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,080 shares of the conglomerate’s stock after buying an additional 3,898 shares during the quarter. Honeywell International comprises about 3.7% of Phraction Management LLC’s holdings, making the stock its 10th biggest holding. Phraction Management LLC’s holdings in Honeywell International were worth $12,857,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in HON. Bank of New York Mellon Corp increased its stake in shares of Honeywell International by 0.7% during the second quarter. Bank of New York Mellon Corp now owns 6,777,498 shares of the conglomerate’s stock worth $1,578,344,000 after acquiring an additional 48,968 shares during the period. Goldman Sachs Group Inc. grew its holdings in Honeywell International by 9.1% in the first quarter. Goldman Sachs Group Inc. now owns 6,038,080 shares of the conglomerate’s stock valued at $1,278,563,000 after purchasing an additional 505,083 shares during the last quarter. Unisphere Establishment raised its position in Honeywell International by 8.1% during the second quarter. Unisphere Establishment now owns 4,000,000 shares of the conglomerate’s stock worth $931,520,000 after acquiring an additional 300,000 shares during the last quarter. Legal & General Group Plc lifted its stake in Honeywell International by 3.9% in the 2nd quarter. Legal & General Group Plc now owns 3,725,789 shares of the conglomerate’s stock valued at $867,663,000 after buying an additional 138,235 shares in the last quarter. Finally, Laurel Wealth Advisors LLC boosted its stake in shares of Honeywell International by 23,503.0% during the second quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock valued at $865,506,000 after acquiring an additional 3,700,786 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of HON opened at $198.08 on Friday. The company has a 50-day moving average of $198.50 and a two-hundred day moving average of $213.67. The stock has a market cap of $125.76 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 2.67 and a beta of 0.96. Honeywell International Inc. has a one year low of $169.21 and a one year high of $228.04. 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 (NASDAQ:HON) last posted its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The business had revenue of $8.95 billion during the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. 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. On average, equities research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The business also recently announced 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. The ex-dividend date was Friday, November 14th. This represents a $4.76 annualized dividend and a dividend yield of 2.4%. Honeywell International’s dividend payout ratio is 50.16%.

Analysts Set New Price Targets

Several research firms recently weighed in on HON. Deutsche Bank Aktiengesellschaft reduced their target price on Honeywell International from $265.00 to $264.00 and set a “buy” rating on the stock in a research report on Monday, December 8th. Barclays lowered their target price on Honeywell International from $270.00 to $269.00 and set an “overweight” rating for the company in a research note on Thursday, December 4th. Jefferies Financial Group decreased their price objective on shares of Honeywell International from $230.00 to $220.00 in a research report on Monday, November 3rd. Citigroup increased their price objective on shares of Honeywell International from $251.56 to $267.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Finally, Royal Bank Of Canada raised Honeywell International from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $235.00 to $253.00 in a research report on Monday, October 27th. Nine equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Honeywell International presently has a consensus rating of “Hold” and a consensus price target of $236.56.

Honeywell International Company 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.