Honeywell International Inc. $HON Shares Acquired by Lodestar Private Asset Management LLC

Lodestar Private Asset Management LLC lifted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 16.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,505 shares of the conglomerate’s stock after purchasing an additional 210 shares during the quarter. Lodestar Private Asset Management LLC’s holdings in Honeywell International were worth $350,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Personalized Indexing Management LLC grew its stake in shares of Honeywell International by 22.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 89,728 shares of the conglomerate’s stock worth $20,899,000 after purchasing an additional 16,196 shares during the period. Summa Corp. acquired a new stake in shares of Honeywell International during the 2nd quarter worth approximately $282,000. Concurrent Investment Advisors LLC grew its stake in shares of Honeywell International by 19.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 37,100 shares of the conglomerate’s stock worth $8,640,000 after purchasing an additional 5,945 shares during the period. Investment Advisory Group LLC acquired a new stake in shares of Honeywell International during the 2nd quarter worth approximately $237,000. Finally, Apollon Wealth Management LLC grew its stake in shares of Honeywell International by 0.7% during the 2nd quarter. Apollon Wealth Management LLC now owns 53,343 shares of the conglomerate’s stock worth $12,423,000 after purchasing an additional 348 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Transactions at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of Honeywell International 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 sale, the chief executive officer owned 10,334 shares of the company’s stock, valued at $2,289,807.72. The trade was a 80.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.41% of the stock is currently owned by company insiders.

Honeywell International Trading Down 1.6%

Shares of HON opened at $200.91 on Monday. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. The firm’s fifty day moving average is $214.11 and its two-hundred day moving average is $217.25. The stock has a market cap of $127.56 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 2.25 and a beta of 1.06.

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 company 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. Research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal 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 paid a dividend of $1.19 per share. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.76 annualized dividend and a yield of 2.4%. Honeywell International’s dividend payout ratio is presently 51.42%.

Analyst Upgrades and Downgrades

HON has been the topic of a number of research analyst reports. Barclays lifted their price target on shares of Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Jefferies Financial Group dropped their price target on shares of Honeywell International from $240.00 to $230.00 and set a “hold” rating on the stock in a research note on Tuesday, October 7th. Wells Fargo & Company dropped 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 research note on Monday, October 6th. Royal Bank Of Canada dropped their price target on shares of Honeywell International from $254.00 to $253.00 and set a “sector perform” rating on the stock in a research note on Friday, July 25th. Finally, Morgan Stanley lifted their price target on shares of Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $251.80.

About Honeywell International

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.