Telos Capital Management Inc. Has $9.82 Million Stake in Honeywell International Inc. $HON

Telos Capital Management Inc. increased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,160 shares of the conglomerate’s stock after purchasing an additional 1,428 shares during the period. Telos Capital Management Inc.’s holdings in Honeywell International were worth $9,818,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Honeywell International by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 62,209,455 shares of the conglomerate’s stock worth $13,172,852,000 after purchasing an additional 447,744 shares during the last quarter. Wellington Management Group LLP raised its holdings in Honeywell International by 8.9% in the 1st quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate’s stock valued at $3,335,476,000 after acquiring an additional 1,293,137 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Honeywell International by 9.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,038,080 shares of the conglomerate’s stock valued at $1,278,563,000 after acquiring an additional 505,083 shares in the last quarter. Invesco Ltd. raised its holdings in Honeywell International by 5.4% in the 1st quarter. Invesco Ltd. now owns 5,568,610 shares of the conglomerate’s stock valued at $1,179,153,000 after acquiring an additional 283,193 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Honeywell International in the 1st quarter valued at $1,150,929,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on HON shares. Jefferies Financial Group dropped their price objective on Honeywell International from $240.00 to $230.00 and set a “hold” rating for the company in a report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft dropped their price objective on Honeywell International from $271.00 to $265.00 and set a “buy” rating for the company in a report on Friday, October 24th. Robert W. Baird decreased their price target on Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. TD Cowen decreased their price target on Honeywell International from $260.00 to $250.00 in a research note on Tuesday, October 7th. Finally, JPMorgan Chase & Co. lifted their price target on Honeywell International from $212.00 to $218.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Honeywell International has a consensus rating of “Moderate Buy” and an average price target of $250.25.

Insiders Place Their Bets

In related news, CEO Lucian Boldea sold 42,149 shares of the business’s stock in a transaction on 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 sale, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. The trade was a 80.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.20% of the stock is owned by corporate insiders.

Honeywell International Trading Up 0.6%

Shares of HON stock opened at $201.33 on Monday. The firm has a market capitalization of $127.82 billion, a P/E ratio of 21.21, a P/E/G ratio of 2.73 and a beta of 1.06. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70. The stock’s fifty day simple moving average is $211.11 and its 200 day simple moving average is $218.34.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. The business had revenue of $8.95 billion for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%. 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, sell-side 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. Investors of record on Friday, November 14th will be given a dividend of $1.19 per share. The ex-dividend date is Friday, November 14th. This represents a $4.76 dividend on an annualized basis and a yield of 2.4%. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio is presently 50.16%.

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.