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% during the third quarter, HoldingsChannel.com reports. The fund 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 filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HON. Chung Wu Investment Group LLC bought a new position in Honeywell International during the 2nd quarter worth $26,000. RMG Wealth Management LLC bought a new position in Honeywell International in the 2nd quarter worth about $33,000. Activest Wealth Management increased its stake in shares of Honeywell International by 425.9% in the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock valued at $33,000 after purchasing an additional 115 shares during the period. Howard Hughes Medical Institute bought a new stake in shares of Honeywell International during the second quarter valued at approximately $33,000. Finally, 1248 Management LLC bought a new stake in shares of Honeywell International during the first quarter valued at approximately $38,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $198.26 on Wednesday. Honeywell International Inc. has a twelve month low of $169.21 and a twelve month high of $228.04. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70. The firm has a 50-day moving average of $198.82 and a two-hundred day moving average of $213.88. The company has a market capitalization of $125.87 billion, a price-to-earnings ratio of 20.89, a PEG 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 (EPS) for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The company had revenue of $8.95 billion for 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. As a group, analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.4%. Honeywell International’s payout ratio is currently 50.16%.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price target on Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Bank of America reiterated an “underperform” rating and issued a $205.00 target price (down previously from $265.00) on shares of Honeywell International in a research report on Tuesday, November 18th. TD Cowen lowered their target price on shares of Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Robert W. Baird reduced their price target on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. Finally, Royal Bank Of Canada upgraded shares of Honeywell International from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $235.00 to $253.00 in a report on Monday, October 27th. Nine equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Honeywell International currently has a consensus rating of “Hold” and an average target price 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.