Howe & Rusling Inc. Buys 2,107 Shares of Honeywell International Inc. $HON

Howe & Rusling Inc. raised its stake in Honeywell International Inc. (NASDAQ:HON) by 2.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 93,517 shares of the conglomerate’s stock after acquiring an additional 2,107 shares during the period. Honeywell International comprises about 1.6% of Howe & Rusling Inc.’s investment portfolio, making the stock its 17th largest position. Howe & Rusling Inc.’s holdings in Honeywell International were worth $21,778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Chung Wu Investment Group LLC bought a new stake in shares of Honeywell International in the 2nd quarter worth about $26,000. Pandora Wealth Inc. acquired a new position in Honeywell International in the first quarter valued at about $33,000. RMG Wealth Management LLC bought a new stake in Honeywell International during the second quarter worth about $33,000. Activest Wealth Management increased its holdings in shares of 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 buying an additional 115 shares in the last quarter. Finally, 1248 Management LLC bought a new position in shares of Honeywell International in the first quarter valued at approximately $38,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Price Performance

Shares of HON stock opened at $190.57 on Thursday. The firm has a market cap of $120.99 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 2.73 and a beta of 1.07. Honeywell International Inc. has a 12 month low of $169.21 and a 12 month high of $228.04. 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 moving average price of $205.71 and a 200 day moving average price of $217.69.

Honeywell International (NASDAQ:HON) last issued its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (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 for 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. Research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current 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 issued a dividend of $1.19 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.76 dividend on an annualized basis and a yield of 2.5%. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio (DPR) is presently 50.16%.

Insider Activity at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the company’s stock in a transaction 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 sale, the chief executive officer owned 10,334 shares in the company, valued at approximately $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 accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Argus decreased their price target on Honeywell International from $250.00 to $225.00 in a research report on Friday, November 14th. Barclays raised their target price on Honeywell International from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Royal Bank Of Canada upgraded shares of Honeywell International from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $235.00 to $253.00 in a research report on Monday, October 27th. Weiss Ratings restated a “hold (c+)” rating on shares of Honeywell International in a research report on Thursday, November 13th. Finally, TD Cowen reduced their target price on shares of Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $239.38.

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.