Vanguard Personalized Indexing Management LLC Has $20.90 Million Stake in Honeywell International Inc. $HON

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Honeywell International by 22.0% during Q2, bringing its holdings to $20.90 million after acquiring an additional 16,196 shares.
• Honeywell's stock was downgraded by Wells Fargo, lowering its price target from $230.00 to $220.00, while Deutsche Bank raised its target from $268.00 to $271.00, reflecting mixed analyst sentiments.
• The company declared a quarterly dividend of $1.19 per share, up from the previous quarter's $1.13, which will be paid on December 5th, further indicating a positive outlook.

Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 22.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 89,728 shares of the conglomerate's stock after buying an additional 16,196 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Honeywell International were worth $20,899,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

HON has been the topic of several research analyst reports. Wells Fargo & Company lowered their price target on Honeywell International from $230.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Monday, October 6th. Royal Bank Of Canada lowered their price target on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research report on Friday, July 25th. Barclays raised their price target on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Honeywell International in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Honeywell International from $268.00 to $271.00 and gave the company a "buy" rating in a research report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, Honeywell International currently has a consensus rating of "Moderate Buy" and a consensus target price of $251.80.

Honeywell International Stock Down 1.6%

Shares of HON opened at $200.91 on Friday. The stock has a market cap of $127.56 billion, a price-to-earnings ratio of 22.86, a P/E/G ratio of 2.25 and a beta of 1.06. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The company has a 50-day moving average price of $214.11 and a two-hundred day moving average price of $217.23.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The firm 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. Equities analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be paid a dividend of $1.19 per share. This is a positive change from Honeywell International's previous quarterly dividend of $1.13. This represents a $4.76 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, November 14th. Honeywell International's dividend payout ratio is 54.15%.

Insider Buying and Selling

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the firm's stock in a transaction dated 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 owned 10,334 shares in the company, valued at $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is currently owned by corporate insiders.

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.

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