Honeywell International Inc. $HON Stock Position Increased by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its stake in Honeywell International Inc. (NASDAQ:HON) by 0.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 156,729 shares of the conglomerate’s stock after purchasing an additional 686 shares during the quarter. Honeywell International comprises approximately 1.8% of International Assets Investment Management LLC’s holdings, making the stock its 8th largest holding. International Assets Investment Management LLC’s holdings in Honeywell International were worth $36,499,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Novare Capital Management LLC lifted its stake in Honeywell International by 1.0% in the 2nd quarter. Novare Capital Management LLC now owns 58,409 shares of the conglomerate’s stock worth $13,602,000 after purchasing an additional 568 shares in the last quarter. CapWealth Advisors LLC lifted its stake in Honeywell International by 2.1% in the 2nd quarter. CapWealth Advisors LLC now owns 63,360 shares of the conglomerate’s stock worth $14,755,000 after purchasing an additional 1,275 shares in the last quarter. Spirit of America Management Corp NY lifted its stake in Honeywell International by 2.3% in the 2nd quarter. Spirit of America Management Corp NY now owns 8,850 shares of the conglomerate’s stock worth $2,061,000 after purchasing an additional 200 shares in the last quarter. Cottonwood Capital Advisors LLC purchased a new stake in Honeywell International in the 2nd quarter worth $216,000. Finally, Koshinski Asset Management Inc. increased its holdings in shares of Honeywell International by 11.3% in the 2nd quarter. Koshinski Asset Management Inc. now owns 6,453 shares of the conglomerate’s stock worth $1,503,000 after buying an additional 655 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insider Buying and Selling at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the company’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 value 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 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 is accessible through this link. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on HON shares. TD Cowen reduced their target price on shares of Honeywell International from $260.00 to $250.00 in a report on Tuesday, October 7th. Morgan Stanley boosted their target price 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. Weiss Ratings restated a “buy (b-)” rating on shares of Honeywell International in a report on Wednesday, October 8th. Royal Bank Of Canada reduced their target price on shares of Honeywell International from $254.00 to $253.00 and set a “sector perform” rating on the stock in a report on Friday, July 25th. Finally, Jefferies Financial Group reduced their target price on shares of Honeywell International from $240.00 to $230.00 and set a “hold” rating on the stock in a report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $251.67.

Honeywell International Price Performance

Shares of HON stock opened at $202.96 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. The company has a market capitalization of $128.86 billion, a P/E ratio of 23.09, a P/E/G ratio of 2.28 and a beta of 1.06. The company’s 50-day simple moving average is $212.63 and its two-hundred day simple moving average is $216.91. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77.

Honeywell International (NASDAQ:HON) last issued its earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The business had revenue of $8.95 billion for the quarter. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. 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 anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be given a $1.19 dividend. This represents a $4.76 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, November 14th. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio 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.