Coordinated Financial Services Inc. Invests $439,000 in Honeywell International Inc. $HON

Coordinated Financial Services Inc. acquired a new position in shares of Honeywell International Inc. (NASDAQ:HON) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,883 shares of the conglomerate’s stock, valued at approximately $439,000.

A number of other large investors also recently modified their holdings of HON. Chung Wu Investment Group LLC acquired a new position in shares of Honeywell International during the 2nd quarter worth about $26,000. Pandora Wealth Inc. bought a new stake in shares of Honeywell International in the 1st quarter valued at about $33,000. RMG Wealth Management LLC bought a new stake in shares of Honeywell International in the 2nd quarter valued at about $33,000. 1248 Management LLC bought a new stake in shares of Honeywell International in the 1st quarter valued at about $38,000. Finally, Dogwood Wealth Management LLC raised its holdings in shares of Honeywell International by 143.9% in the 2nd quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate’s stock valued at $39,000 after purchasing an additional 95 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. This represents a 80.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of research analyst reports. Barclays upped their target price on shares of Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. TD Cowen dropped their target price on shares of Honeywell International from $260.00 to $250.00 in a report on Tuesday. Morgan Stanley upped their target price on shares of Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a report on Monday, July 28th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Honeywell International in a report on Wednesday. Finally, Wells Fargo & Company lowered their price target on shares of Honeywell International from $230.00 to $220.00 and set an “equal weight” rating on the stock in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Honeywell International has an average rating of “Moderate Buy” and a consensus price target of $251.80.

Honeywell International Stock Down 2.7%

Honeywell International stock opened at $204.23 on Friday. The company’s 50-day moving average price is $214.45 and its two-hundred day moving average price is $217.28. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The stock has a market cap of $129.67 billion, a P/E ratio of 23.23, a P/E/G ratio of 2.35 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 (NASDAQ:HON) last announced its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The firm had revenue of $8.95 billion for the quarter. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. As a group, analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be given a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, November 14th. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio (DPR) is currently 51.42%.

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.