Sagespring Wealth Partners LLC Acquires 814 Shares of Honeywell International Inc. $HON

Sagespring Wealth Partners LLC grew its position in shares of Honeywell International Inc. (NASDAQ:HON) by 4.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,989 shares of the conglomerate’s stock after buying an additional 814 shares during the period. Sagespring Wealth Partners LLC’s holdings in Honeywell International were worth $4,422,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Frazier Financial Advisors LLC lifted its position in shares of Honeywell International by 48.2% during the 2nd quarter. Frazier Financial Advisors LLC now owns 203 shares of the conglomerate’s stock valued at $47,000 after buying an additional 66 shares during the last quarter. IFC Advisors LLC lifted its position in shares of Honeywell International by 2.4% during the 2nd quarter. IFC Advisors LLC now owns 7,579 shares of the conglomerate’s stock valued at $1,765,000 after buying an additional 181 shares during the last quarter. Founders Grove Wealth Partners LLC lifted its position in shares of Honeywell International by 5.3% during the 2nd quarter. Founders Grove Wealth Partners LLC now owns 1,183 shares of the conglomerate’s stock valued at $275,000 after buying an additional 60 shares during the last quarter. Morningstar Investment Management LLC purchased a new position in shares of Honeywell International during the 2nd quarter valued at $1,362,000. Finally, RFG Advisory LLC lifted its position in shares of Honeywell International by 55.9% during the 2nd quarter. RFG Advisory LLC now owns 3,622 shares of the conglomerate’s stock valued at $844,000 after buying an additional 1,298 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

NASDAQ:HON opened at $202.91 on Tuesday. The business’s 50-day moving average price is $213.75 and its two-hundred day moving average price is $217.20. 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 $128.83 billion, a P/E ratio of 23.08, a PEG 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 (NASDAQ:HON) last released its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.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, equities analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be given 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 is Friday, November 14th. This represents a $4.76 annualized dividend and a dividend yield of 2.3%. Honeywell International’s dividend payout ratio is currently 51.42%.

Insider Activity at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the transaction, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Honeywell International from $268.00 to $271.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Jefferies Financial Group dropped their price objective on Honeywell International from $240.00 to $230.00 and set a “hold” rating on the stock in a report on Tuesday, October 7th. TD Cowen dropped their price objective on Honeywell International from $260.00 to $250.00 in a report on Tuesday, October 7th. Wells Fargo & Company dropped their price objective on Honeywell International from $230.00 to $220.00 and set an “equal weight” rating on the stock in a report on Monday, October 6th. Finally, Royal Bank Of Canada dropped their price objective on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating on the stock in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, Honeywell International presently has an average rating of “Moderate Buy” and an average target price 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.