Confluence Investment Management LLC Buys Shares of 1,166 Honeywell International Inc. (NASDAQ:HON)

Posted by Defense World Staff on Mar 18th, 2023

Honeywell International logo Confluence Investment Management LLC bought a new stake in shares of Honeywell International Inc. (NASDAQ:HON – Get Rating) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,166 shares of the conglomerate’s stock, valued at approximately $250,000.

Other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in shares of Honeywell International by 30.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 9,324,034 shares of the conglomerate’s stock worth $1,620,610,000 after purchasing an additional 2,165,050 shares during the period. Renaissance Technologies LLC increased its stake in shares of Honeywell International by 32,072.2% in the second quarter. Renaissance Technologies LLC now owns 579,100 shares of the conglomerate’s stock worth $100,653,000 after purchasing an additional 577,300 shares during the period. Barclays PLC increased its stake in shares of Honeywell International by 45.9% in the third quarter. Barclays PLC now owns 1,064,728 shares of the conglomerate’s stock worth $177,776,000 after purchasing an additional 335,033 shares during the period. Royal Bank of Canada increased its stake in shares of Honeywell International by 2.9% in the third quarter. Royal Bank of Canada now owns 7,422,464 shares of the conglomerate’s stock worth $1,239,327,000 after purchasing an additional 211,341 shares during the period. Finally, ING Groep NV increased its stake in shares of Honeywell International by 114.7% in the first quarter. ING Groep NV now owns 380,469 shares of the conglomerate’s stock worth $74,104,000 after purchasing an additional 203,232 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on HON. Credit Suisse Group dropped their price objective on Honeywell International from $202.00 to $200.00 and set a “neutral” rating on the stock in a research note on Friday, February 3rd. JPMorgan Chase & Co. boosted their price target on Honeywell International from $205.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. HSBC boosted their price target on Honeywell International from $190.00 to $205.00 and gave the company a “hold” rating in a research note on Tuesday, February 14th. Royal Bank of Canada boosted their price target on Honeywell International from $199.00 to $204.00 and gave the company a “sector perform” rating in a research note on Friday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Honeywell International from $242.00 to $235.00 in a research note on Friday, February 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Honeywell International presently has a consensus rating of “Hold” and a consensus target price of $214.88.

Honeywell International Stock Down 2.4 %

NASDAQ HON opened at $184.64 on Friday. The company has a market capitalization of $123.37 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 2.40 and a beta of 1.10. The company has a current ratio of 1.25, a quick ratio of 0.98 and a debt-to-equity ratio of 0.87. Honeywell International Inc. has a 1-year low of $166.63 and a 1-year high of $220.96. The stock’s 50 day moving average is $201.18 and its two-hundred day moving average is $199.27.

Honeywell International (NASDAQ:HON – Get Rating) last announced its earnings results on Thursday, February 2nd. The conglomerate reported $2.52 EPS for the quarter, topping the consensus estimate of $2.51 by $0.01. The business had revenue of $9.19 billion for the quarter, compared to the consensus estimate of $9.26 billion. Honeywell International had a return on equity of 32.89% and a net margin of 14.00%. Honeywell International’s revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.09 EPS. Equities analysts forecast that Honeywell International Inc. will post 9.03 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Friday, February 24th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Thursday, February 23rd. Honeywell International’s payout ratio is currently 56.67%.

Honeywell International Company Profile

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Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business, and transportation.