Honeywell International Inc. $HON Shares Acquired by Marshall Wace LLP

Marshall Wace LLP increased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 88.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 802,060 shares of the conglomerate’s stock after acquiring an additional 375,757 shares during the period. Marshall Wace LLP owned about 0.13% of Honeywell International worth $186,784,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. BankPlus Wealth Management LLC grew its stake in shares of Honeywell International by 2.2% during the 2nd quarter. BankPlus Wealth Management LLC now owns 1,986 shares of the conglomerate’s stock worth $463,000 after purchasing an additional 43 shares during the period. Summit Wealth Group LLC lifted its stake in shares of Honeywell International by 4.3% in the 2nd quarter. Summit Wealth Group LLC now owns 1,115 shares of the conglomerate’s stock valued at $260,000 after purchasing an additional 46 shares during the period. Maia Wealth LLC boosted its holdings in Honeywell International by 4.1% during the first quarter. Maia Wealth LLC now owns 1,189 shares of the conglomerate’s stock worth $238,000 after buying an additional 47 shares in the last quarter. Capital Advisors Ltd. LLC grew its position in Honeywell International by 1.8% during the second quarter. Capital Advisors Ltd. LLC now owns 2,696 shares of the conglomerate’s stock valued at $628,000 after buying an additional 47 shares during the period. Finally, Bar Harbor Wealth Management increased its holdings in Honeywell International by 0.3% in the second quarter. Bar Harbor Wealth Management now owns 15,192 shares of the conglomerate’s stock valued at $3,538,000 after buying an additional 47 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HON. Rothschild & Co Redburn dropped their target price on Honeywell International from $240.00 to $222.00 and set a “neutral” rating on the stock in a research report on Monday, October 27th. Citigroup boosted their price objective on Honeywell International from $251.56 to $267.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft decreased their target price on Honeywell International from $271.00 to $265.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. HSBC cut their price target on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. Finally, BNP Paribas Exane started coverage on shares of Honeywell International in a report on Wednesday. They set a “neutral” rating and a $195.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $236.71.

Honeywell International Stock Down 0.6%

NASDAQ HON opened at $192.23 on Friday. The business has a fifty day moving average price of $201.37 and a 200 day moving average price of $215.71. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36. The company has a market cap of $122.04 billion, a P/E ratio of 20.26, a P/E/G ratio of 2.63 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.

Honeywell International (NASDAQ:HON) last released its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. The business had revenue of $8.95 billion for 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. Research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal 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 paid a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a yield of 2.5%. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Friday, November 14th. Honeywell International’s payout ratio is presently 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.