Vantage Wealth Purchases 4,882 Shares of Honeywell International Inc. $HON

Vantage Wealth raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 5.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 87,007 shares of the conglomerate’s stock after acquiring an additional 4,882 shares during the period. Honeywell International comprises approximately 4.0% of Vantage Wealth’s portfolio, making the stock its 18th biggest holding. Vantage Wealth’s holdings in Honeywell International were worth $18,315,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HON. Bridge Creek Capital Management LLC lifted its stake in shares of Honeywell International by 2.2% in the 3rd quarter. Bridge Creek Capital Management LLC now owns 8,516 shares of the conglomerate’s stock valued at $1,793,000 after acquiring an additional 180 shares during the last quarter. Hutchinson Financial Advisors INC increased its stake in Honeywell International by 5.4% in the 3rd quarter. Hutchinson Financial Advisors INC now owns 13,158 shares of the conglomerate’s stock worth $2,770,000 after purchasing an additional 677 shares during the period. Brighton Jones LLC lifted its position in Honeywell International by 0.8% in the third quarter. Brighton Jones LLC now owns 19,085 shares of the conglomerate’s stock valued at $4,017,000 after purchasing an additional 158 shares during the last quarter. Edge Wealth Management LLC boosted its stake in shares of Honeywell International by 0.4% during the third quarter. Edge Wealth Management LLC now owns 55,244 shares of the conglomerate’s stock valued at $11,629,000 after purchasing an additional 207 shares during the period. Finally, Community Bank of Raymore grew its holdings in shares of Honeywell International by 3.4% in the third quarter. Community Bank of Raymore now owns 5,958 shares of the conglomerate’s stock worth $1,254,000 after purchasing an additional 195 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on HON shares. The Goldman Sachs Group lowered their price target on shares of Honeywell International from $245.00 to $236.00 and set a “buy” rating for the company in a report on Tuesday, December 16th. Wells Fargo & Company dropped their target price on shares of Honeywell International from $230.00 to $218.00 and set an “equal weight” rating for the company in a report on Friday, November 14th. Deutsche Bank Aktiengesellschaft reduced their price target on Honeywell International from $265.00 to $264.00 and set a “buy” rating on the stock in a report on Monday, December 8th. TD Cowen dropped their price objective on Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a report on Monday, November 10th. Finally, Morgan Stanley reduced their target price on Honeywell International from $245.00 to $235.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 28th. Nine analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $236.56.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $199.11 on Monday. Honeywell International Inc. has a 1 year low of $169.21 and a 1 year high of $228.04. The firm’s 50-day moving average is $198.46 and its 200 day moving average is $213.30. The stock has a market cap of $126.41 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 2.66 and a beta of 0.96. 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 (NASDAQ:HON) last posted its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. The firm had revenue of $8.95 billion during 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. Sell-side analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

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

Honeywell International Company Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.