Vestmark Advisory Solutions Inc. Invests $2.95 Million in Honeywell International Inc. $HON

Vestmark Advisory Solutions Inc. purchased a new stake in Honeywell International Inc. (NASDAQ:HON) in the second quarter, according to its most recent filing with the SEC. The fund purchased 12,672 shares of the conglomerate’s stock, valued at approximately $2,951,000.

Several other large investors have also recently added to or reduced their stakes in HON. Chung Wu Investment Group LLC acquired a new stake in shares of Honeywell International during the second quarter worth $26,000. Pandora Wealth Inc. acquired a new position in shares of Honeywell International in the 1st quarter valued at about $33,000. RMG Wealth Management LLC bought a new stake in shares of Honeywell International during the 2nd quarter valued at about $33,000. Activest Wealth Management raised its stake in Honeywell International by 425.9% during the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after acquiring an additional 115 shares during the period. Finally, 1248 Management LLC bought a new position in Honeywell International in the first quarter worth about $38,000. 75.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Lucian Boldea sold 42,149 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer owned 10,334 shares in the company, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

HON has been the subject of several recent research reports. Citigroup upped their target price on Honeywell International from $251.56 to $267.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Honeywell International in a research report on Wednesday, October 8th. Barclays upped their price objective on Honeywell International from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. Deutsche Bank Aktiengesellschaft cut their target price on Honeywell International from $271.00 to $265.00 and set a “buy” rating on the stock in a research note on Friday, October 24th. Finally, TD Cowen lowered their price target on shares of Honeywell International from $260.00 to $250.00 in a research report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $249.63.

Honeywell International Trading Down 0.9%

Shares of NASDAQ:HON opened at $194.07 on Friday. The company has a 50 day moving average of $208.63 and a 200-day moving average of $218.18. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70. The firm has a market cap of $123.21 billion, a P/E ratio of 20.45, a P/E/G ratio of 2.73 and a beta of 1.07. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77.

Honeywell International (NASDAQ:HON) last announced its earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The firm 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, analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be given a $1.19 dividend. This represents a $4.76 annualized dividend and a yield of 2.5%. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. Honeywell International’s dividend payout ratio (DPR) is presently 50.16%.

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.