Pegasus Asset Management Inc. Acquires 403 Shares of Honeywell International Inc. $HON

Pegasus Asset Management Inc. increased its holdings in Honeywell International Inc. (NASDAQ:HON) by 7.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,164 shares of the conglomerate’s stock after purchasing an additional 403 shares during the quarter. Pegasus Asset Management Inc.’s holdings in Honeywell International were worth $1,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of HON. Brighton Jones LLC grew its stake in shares of Honeywell International by 9.1% in the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after purchasing an additional 1,582 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Honeywell International by 1.8% in the first quarter. Assenagon Asset Management S.A. now owns 19,698 shares of the conglomerate’s stock worth $4,171,000 after purchasing an additional 340 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Honeywell International by 9.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 334,145 shares of the conglomerate’s stock worth $70,755,000 after purchasing an additional 29,504 shares during the last quarter. Missouri Trust & Investment Co lifted its holdings in Honeywell International by 3.0% in the first quarter. Missouri Trust & Investment Co now owns 13,392 shares of the conglomerate’s stock worth $2,836,000 after buying an additional 396 shares during the period. Finally, Dynamic Advisor Solutions LLC lifted its holdings in Honeywell International by 1.3% in the first quarter. Dynamic Advisor Solutions LLC now owns 25,875 shares of the conglomerate’s stock worth $5,479,000 after buying an additional 333 shares during the period. 75.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on HON. Barclays raised their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. TD Cowen lowered their price objective on shares of Honeywell International from $260.00 to $250.00 in a report on Tuesday, October 7th. Wells Fargo & Company lowered their price objective on shares of Honeywell International from $230.00 to $220.00 and set an “equal weight” rating for the company in a report on Monday, October 6th. Royal Bank Of Canada lowered their price objective on shares of Honeywell International from $254.00 to $253.00 and set a “sector perform” rating for the company in a report on Friday, July 25th. Finally, Morgan Stanley raised their price objective on shares of Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $251.80.

Honeywell International Price Performance

HON stock opened at $200.91 on Monday. The firm has a 50 day moving average price of $214.11 and a 200-day moving average price of $217.25. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The firm has a market capitalization of $127.56 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 2.25 and a beta of 1.06. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29.

Honeywell International (NASDAQ:HON) last released 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 during 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. Equities research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

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

Insider Buying and Selling at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the firm’s 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 completion of the sale, the chief executive officer owned 10,334 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is owned by company insiders.

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.