Glenview Trust co Buys 12,695 Shares of Honeywell International Inc. $HON

Glenview Trust co raised its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 9.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 152,988 shares of the conglomerate’s stock after buying an additional 12,695 shares during the quarter. Glenview Trust co’s holdings in Honeywell International were worth $35,628,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Sand Hill Global Advisors LLC grew its holdings in shares of Honeywell International by 2.1% in the second quarter. Sand Hill Global Advisors LLC now owns 36,335 shares of the conglomerate’s stock worth $8,462,000 after acquiring an additional 730 shares during the period. FAS Wealth Partners Inc. lifted its holdings in Honeywell International by 5.1% in the second quarter. FAS Wealth Partners Inc. now owns 13,849 shares of the conglomerate’s stock valued at $3,225,000 after acquiring an additional 667 shares during the period. Becker Capital Management Inc. boosted its position in Honeywell International by 5.9% in the second quarter. Becker Capital Management Inc. now owns 83,460 shares of the conglomerate’s stock worth $19,436,000 after purchasing an additional 4,617 shares during the last quarter. Heritage Wealth Management Inc. grew its stake in shares of Honeywell International by 1.4% during the 2nd quarter. Heritage Wealth Management Inc. now owns 4,715 shares of the conglomerate’s stock valued at $1,098,000 after purchasing an additional 65 shares during the period. Finally, Nebula Research & Development LLC increased its position in shares of Honeywell International by 3.1% during the 2nd quarter. Nebula Research & Development LLC now owns 5,901 shares of the conglomerate’s stock valued at $1,374,000 after purchasing an additional 176 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HON has been the topic of a number of research reports. Barclays dropped their price objective on shares of Honeywell International from $270.00 to $269.00 and set an “overweight” rating on the stock in a report on Thursday, December 4th. Argus dropped their price target on shares of Honeywell International from $250.00 to $225.00 in a research note on Friday, November 14th. BNP Paribas upgraded Honeywell International to a “hold” rating in a research note on Wednesday, December 3rd. BNP Paribas Exane began coverage on Honeywell International in a report on Wednesday, December 3rd. They issued a “neutral” rating and a $195.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Honeywell International from $265.00 to $264.00 and set a “buy” rating for the company in a report on Monday. Eight 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 company. According to MarketBeat, Honeywell International has an average rating of “Hold” and a consensus price target of $236.65.

Honeywell International Trading Up 1.0%

Shares of Honeywell International stock opened at $192.06 on Thursday. Honeywell International Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $228.04. 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 capitalization of $121.94 billion, a P/E ratio of 20.24, a P/E/G ratio of 2.54 and a beta of 0.96. The company has a fifty day moving average of $199.92 and a 200 day moving average of $214.76.

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 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 and its FY 2023 guidance at 9.100-9.200 EPS. On average, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 14th were paid a $1.19 dividend. This represents a $4.76 annualized dividend and a yield of 2.5%. The ex-dividend date was Friday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio is currently 50.16%.

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.