Honeywell International Inc. $HON Shares Bought by Phraction Management LLC

Phraction Management LLC increased its holdings in Honeywell International Inc. (NASDAQ:HON) by 6.8% during the third quarter, HoldingsChannel reports. The fund owned 61,080 shares of the conglomerate’s stock after acquiring an additional 3,898 shares during the quarter. Honeywell International accounts for about 3.7% of Phraction Management LLC’s investment portfolio, 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 (SEC).

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its position in Honeywell International by 9.1% during the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after acquiring an additional 1,582 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its position in Honeywell International by 4.2% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 17,466 shares of the conglomerate’s stock worth $3,704,000 after buying an additional 707 shares during the last quarter. EntryPoint Capital LLC increased its holdings in Honeywell International by 48.0% during the first quarter. EntryPoint Capital LLC now owns 1,627 shares of the conglomerate’s stock valued at $345,000 after buying an additional 528 shares during the last quarter. Capital Analysts LLC raised its position in shares of Honeywell International by 0.7% during the 1st quarter. Capital Analysts LLC now owns 14,563 shares of the conglomerate’s stock valued at $3,083,000 after purchasing an additional 104 shares during the period. Finally, Candriam S.C.A. boosted its position in shares of Honeywell International by 385.7% during the 1st quarter. Candriam S.C.A. now owns 44,410 shares of the conglomerate’s stock valued at $9,404,000 after acquiring an additional 35,266 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Trading Down 0.9%

NASDAQ HON opened at $198.08 on Friday. The company’s fifty day moving average price is $198.50 and its two-hundred day moving average price is $213.67. 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 Inc. has a 12 month low of $169.21 and a 12 month high of $228.04. The company has a market capitalization of $125.76 billion, a price-to-earnings ratio of 20.87, a price-to-earnings-growth ratio of 2.67 and a beta of 0.96.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The company had revenue of $8.95 billion during 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, research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 14th were issued a dividend of $1.19 per share. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 annualized dividend and a yield of 2.4%. The ex-dividend date was Friday, November 14th. Honeywell International’s dividend payout ratio is presently 50.16%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on HON shares. BNP Paribas Exane initiated coverage on shares of Honeywell International in a report on Wednesday, December 3rd. They issued a “neutral” rating and a $195.00 price target for the company. Evercore ISI initiated coverage on Honeywell International in a research note on Monday. They issued an “outperform” rating and a $255.00 target price for the company. The Goldman Sachs Group reduced their price target on shares of Honeywell International from $245.00 to $236.00 and set a “buy” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. boosted their price objective on Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Finally, Robert W. Baird cut their target price on Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Nine equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Honeywell International has a consensus rating of “Hold” and a consensus price target of $236.56.

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.