Honeywell International Inc. $HON Stock Position Lifted by Callan Family Office LLC

Callan Family Office LLC boosted its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 73.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,778 shares of the conglomerate's stock after purchasing an additional 6,241 shares during the period. Callan Family Office LLC's holdings in Honeywell International were worth $3,442,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Honeywell International by 0.7% during the first quarter. Vanguard Group Inc. now owns 62,209,455 shares of the conglomerate's stock valued at $13,172,852,000 after purchasing an additional 447,744 shares in the last quarter. Wellington Management Group LLP grew its position in Honeywell International by 8.9% in the first quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate's stock worth $3,335,476,000 after acquiring an additional 1,293,137 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Honeywell International by 9.1% in the first quarter. Goldman Sachs Group Inc. now owns 6,038,080 shares of the conglomerate's stock worth $1,278,563,000 after acquiring an additional 505,083 shares in the last quarter. Invesco Ltd. grew its position in Honeywell International by 5.4% in the first quarter. Invesco Ltd. now owns 5,568,610 shares of the conglomerate's stock worth $1,179,153,000 after acquiring an additional 283,193 shares in the last quarter. Finally, Nuveen LLC bought a new stake in Honeywell International in the first quarter worth approximately $1,150,929,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HON has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Honeywell International from $268.00 to $271.00 and gave the stock a "buy" rating in a research report on Thursday, October 2nd. TD Cowen decreased their target price on shares of Honeywell International from $260.00 to $250.00 in a research report on Tuesday. Royal Bank Of Canada decreased their target price on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research report on Friday, July 25th. Morgan Stanley boosted their target price on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Finally, Jefferies Financial Group reduced their price objective on shares of Honeywell International from $240.00 to $230.00 and set a "hold" rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $251.80.

Insider Buying and Selling

In related news, CEO Lucian Boldea sold 42,149 shares of the company's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the completion of the transaction, the chief executive officer directly owned 10,334 shares in the company, valued at $2,289,807.72. This represents a 80.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is currently owned by insiders.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $200.91 on Friday. The firm has a fifty day simple moving average of $214.11 and a 200-day simple moving average of $217.20. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The stock has a market capitalization of $127.56 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 2.28 and a beta of 1.06.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. The business had revenue of $8.95 billion during the quarter. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. On average, sell-side analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be paid a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, November 14th. This is an increase from Honeywell International's previous quarterly dividend of $1.13. Honeywell International's dividend payout ratio is currently 51.42%.

Honeywell International 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.

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