Y Intercept Hong Kong Ltd Boosts Stock Holdings in Honeywell International Inc. $HON

Y Intercept Hong Kong Ltd lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 785.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,208 shares of the conglomerate’s stock after purchasing an additional 25,021 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Honeywell International were worth $6,569,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in HON. Nuveen LLC acquired a new position in shares of Honeywell International during the 1st quarter worth approximately $1,150,929,000. Wellington Management Group LLP boosted its holdings in shares of Honeywell International by 8.9% during the 1st quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate’s stock worth $3,335,476,000 after purchasing an additional 1,293,137 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Honeywell International by 64.6% during the 1st quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate’s stock worth $561,634,000 after purchasing an additional 1,041,273 shares during the last quarter. Vista Cima Wealth Management LLC acquired a new position in shares of Honeywell International during the 1st quarter worth approximately $164,000. Finally, OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of Honeywell International by 592.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 867,665 shares of the conglomerate’s stock worth $183,728,000 after purchasing an additional 742,281 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the business’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 of the company’s stock, valued at $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.41% of the stock is currently owned by insiders.

Honeywell International Stock Down 0.5%

Shares of NASDAQ HON opened at $215.07 on Tuesday. The firm has a market cap of $136.55 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 2.64 and a beta of 1.06. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The business’s 50 day moving average is $212.01 and its two-hundred day moving average is $217.90.

Honeywell International (NASDAQ:HON) last announced its 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 for 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. FY 2023 guidance at 9.100-9.200 EPS. Research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be given a $1.19 dividend. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 dividend on an annualized basis and a yield of 2.2%. Honeywell International’s dividend payout ratio is presently 47.63%.

Analysts Set New Price Targets

HON has been the topic of several recent research reports. Robert W. Baird lowered their target price on Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Morgan Stanley upped their price objective on Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a report on Monday, July 28th. Deutsche Bank Aktiengesellschaft decreased their price objective on Honeywell International from $271.00 to $265.00 and set a “buy” rating on the stock in a report on Friday. Wells Fargo & Company upped their price objective on Honeywell International from $220.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday. Finally, JPMorgan Chase & Co. upped their price objective on Honeywell International from $212.00 to $218.00 and gave the company a “neutral” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Honeywell International currently has an average rating of “Moderate Buy” and an average target price of $250.88.

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.