Empower Advisory Group LLC Buys 8,293 Shares of Honeywell International Inc. $HON

Empower Advisory Group LLC grew its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 498,142 shares of the conglomerate’s stock after acquiring an additional 8,293 shares during the period. Empower Advisory Group LLC owned about 0.08% of Honeywell International worth $116,007,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of HON. Chung Wu Investment Group LLC bought a new stake in Honeywell International during the 2nd quarter valued at $26,000. RMG Wealth Management LLC bought a new stake in shares of Honeywell International in the second quarter valued at about $33,000. Activest Wealth Management grew its holdings in Honeywell International by 425.9% during the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after acquiring an additional 115 shares in the last quarter. Pandora Wealth Inc. bought a new position in Honeywell International during the 1st quarter worth about $33,000. Finally, Dogwood Wealth Management LLC increased its position in Honeywell International by 143.9% during the 2nd quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate’s stock valued at $39,000 after purchasing an additional 95 shares during the period. Institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

HON has been the subject of a number of analyst reports. Morgan Stanley lowered their target price on Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a report on Tuesday, October 28th. Barclays raised their price target on shares of Honeywell International from $265.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, October 24th. Citigroup lifted their target price on Honeywell International from $251.56 to $267.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Wells Fargo & Company lowered their target price on Honeywell International from $230.00 to $218.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, Jefferies Financial Group dropped their price objective on Honeywell International from $230.00 to $220.00 in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Honeywell International has a consensus rating of “Moderate Buy” and a consensus target price of $243.33.

Honeywell International Trading Down 0.4%

Shares of HON stock opened at $199.04 on Friday. The company’s 50-day moving average price is $206.96 and its 200-day moving average price is $218.05. Honeywell International Inc. has a twelve month low of $169.21 and a twelve month high of $228.04. 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 stock has a market cap of $126.37 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 2.73 and a beta of 1.07.

Honeywell International (NASDAQ:HON) last released its quarterly 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 net margin of 15.07% and a return on equity of 38.11%. 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 earnings per share for the current year.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be paid a $1.19 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.4%. Honeywell International’s payout ratio is presently 50.16%.

Insider Activity at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction that occurred on 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 of the company’s stock, 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 hyperlink. Corporate insiders own 0.20% of the company’s stock.

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.