CreativeOne Wealth LLC Raises Stock Position in Honeywell International Inc. $HON

CreativeOne Wealth LLC grew its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 36.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 6,180 shares of the conglomerate’s stock after acquiring an additional 1,640 shares during the period. CreativeOne Wealth LLC’s holdings in Honeywell International were worth $1,439,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Chung Wu Investment Group LLC purchased a new stake in shares of Honeywell International in the 2nd quarter worth $26,000. Pandora Wealth Inc. bought a new stake in shares of Honeywell International in the first quarter valued at about $33,000. RMG Wealth Management LLC purchased a new stake in Honeywell International in the second quarter worth about $33,000. Activest Wealth Management lifted its stake in Honeywell International by 425.9% in 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 during the 1st quarter worth about $38,000. Institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. TD Cowen reduced their price target on shares of Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a report on Monday, November 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of Honeywell International in a research note on Tuesday. Bank of America reaffirmed an “underperform” rating and set a $205.00 target price (down previously from $265.00) on shares of Honeywell International in a research report on Tuesday, November 18th. Citigroup lifted their price target on Honeywell International from $251.56 to $267.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Finally, JPMorgan Chase & Co. boosted their price target on Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. 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 company’s stock. According to MarketBeat, Honeywell International has a consensus rating of “Moderate Buy” and an average target price of $239.38.

Honeywell International Price Performance

Shares of HON stock opened at $189.99 on Thursday. Honeywell International Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $228.04. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36. The firm has a market capitalization of $120.62 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 2.73 and a beta of 1.07. The stock’s 50-day simple moving average is $203.44 and its 200-day simple moving average is $216.87.

Honeywell International (NASDAQ:HON) last released its earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The company had revenue of $8.95 billion during 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 forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be issued a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.5%. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Friday, November 14th. Honeywell International’s dividend payout ratio 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.