Wealth Architects LLC Invests $220,000 in Honeywell International Inc. $HON

Wealth Architects LLC purchased a new stake in shares of Honeywell International Inc. (NASDAQ:HON) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 943 shares of the conglomerate’s stock, valued at approximately $220,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Astoria Portfolio Advisors LLC. bought a new stake in shares of Honeywell International during the 2nd quarter valued at $208,000. Concord Wealth Partners lifted its position in Honeywell International by 66.3% during the 2nd quarter. Concord Wealth Partners now owns 795 shares of the conglomerate’s stock valued at $185,000 after acquiring an additional 317 shares during the period. Sequoia Financial Advisors LLC boosted its stake in Honeywell International by 5.6% during the second quarter. Sequoia Financial Advisors LLC now owns 229,637 shares of the conglomerate’s stock worth $53,478,000 after acquiring an additional 12,108 shares in the last quarter. Vest Financial LLC grew its holdings in Honeywell International by 35.9% in the second quarter. Vest Financial LLC now owns 14,596 shares of the conglomerate’s stock worth $3,399,000 after purchasing an additional 3,852 shares during the period. Finally, Pegasus Asset Management Inc. grew its holdings in Honeywell International by 7.0% in the second quarter. Pegasus Asset Management Inc. now owns 6,164 shares of the conglomerate’s stock worth $1,435,000 after purchasing an additional 403 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. TD Cowen lowered their target price on shares of Honeywell International from $260.00 to $250.00 in a report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft lifted their price objective on Honeywell International from $268.00 to $271.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Morgan Stanley increased their target price on Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Monday, July 28th. Wells Fargo & Company lowered their price target on Honeywell International from $230.00 to $220.00 and set an “equal weight” rating for the company in a research report on Monday, October 6th. Finally, Jefferies Financial Group dropped their price target on shares of Honeywell International from $240.00 to $230.00 and set a “hold” rating on the stock in a research note on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $251.80.

Honeywell International Stock Down 1.6%

Honeywell International stock opened at $200.91 on Monday. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The stock has a fifty day simple moving average of $214.11 and a two-hundred day simple moving average of $217.25. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. The firm has a market cap of $127.56 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 2.25 and a beta of 1.06.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.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. Equities analysts predict that Honeywell International Inc. will post 10.34 EPS 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. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 annualized dividend and a dividend yield of 2.4%. Honeywell International’s dividend payout ratio is presently 51.42%.

Insiders Place Their Bets

In related news, CEO Lucian Boldea sold 42,149 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total value of $9,339,375.42. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.41% of the stock is currently owned by company insiders.

About Honeywell International

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.