Burling Wealth Partners LLC Acquires 2,541 Shares of Honeywell International Inc. $HON

Burling Wealth Partners LLC grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 8.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,682 shares of the conglomerate’s stock after purchasing an additional 2,541 shares during the quarter. Honeywell International makes up 1.4% of Burling Wealth Partners LLC’s investment portfolio, making the stock its 19th largest holding. Burling Wealth Partners LLC’s holdings in Honeywell International were worth $7,378,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HON. Hibernia Wealth Partners LLC bought a new stake in Honeywell International in the second quarter worth about $363,000. Clearstead Trust LLC grew its position in shares of Honeywell International by 4.1% during the 2nd quarter. Clearstead Trust LLC now owns 7,742 shares of the conglomerate’s stock valued at $1,803,000 after acquiring an additional 304 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC increased its stake in shares of Honeywell International by 5.3% during the 2nd quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 12,099 shares of the conglomerate’s stock worth $2,818,000 after purchasing an additional 608 shares during the last quarter. Fiera Capital Corp raised its holdings in shares of Honeywell International by 77.6% in the 2nd quarter. Fiera Capital Corp now owns 24,778 shares of the conglomerate’s stock worth $5,770,000 after purchasing an additional 10,829 shares during the period. Finally, Cherokee Insurance Co purchased a new position in Honeywell International in the second quarter valued at approximately $245,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Down 0.9%

HON stock opened at $199.87 on Friday. Honeywell International Inc. has a twelve month low of $169.21 and a twelve month high of $228.04. The firm has a market capitalization of $126.89 billion, a PE ratio of 21.06, a PEG ratio of 2.73 and a beta of 1.07. 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 has a 50-day simple moving average of $207.26 and a two-hundred day simple moving average of $218.06.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The company 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. On average, equities analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be paid a $1.19 dividend. 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 currently 50.16%.

Analyst Upgrades and Downgrades

HON has been the subject of a number of recent research reports. Wells Fargo & Company raised their target price on Honeywell International from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Friday, October 24th. Deutsche Bank Aktiengesellschaft cut their price target on Honeywell International from $271.00 to $265.00 and set a “buy” rating for the company in a research note on Friday, October 24th. HSBC lowered their price objective on Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a research note on Tuesday. Weiss Ratings lowered shares of Honeywell International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, November 7th. Finally, Robert W. Baird reduced their target price on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $244.13.

Insider Buying and Selling at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of Honeywell International 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 completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by 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.