Honeywell International Inc. $HON Position Boosted by Perfromance Wealth Partners LLC

Perfromance Wealth Partners LLC increased its holdings in Honeywell International Inc. (NASDAQ:HONFree Report) by 15.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,550 shares of the conglomerate’s stock after purchasing an additional 350 shares during the quarter. Perfromance Wealth Partners LLC’s holdings in Honeywell International were worth $594,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in shares of Honeywell International by 9.1% in the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after buying an additional 1,582 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Honeywell International by 1.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 19,698 shares of the conglomerate’s stock worth $4,171,000 after acquiring an additional 340 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Honeywell International by 9.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 334,145 shares of the conglomerate’s stock worth $70,755,000 after purchasing an additional 29,504 shares during the period. Dynamic Advisor Solutions LLC lifted its holdings in shares of Honeywell International by 1.3% during the first quarter. Dynamic Advisor Solutions LLC now owns 25,875 shares of the conglomerate’s stock valued at $5,479,000 after purchasing an additional 333 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in shares of Honeywell International by 110.3% in the 1st quarter. Exchange Traded Concepts LLC now owns 29,617 shares of the conglomerate’s stock valued at $6,271,000 after purchasing an additional 15,533 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Lucian Boldea sold 42,149 shares of the firm’s 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 directly owned 10,334 shares of the company’s stock, valued at $2,289,807.72. This trade represents a 80.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.41% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wells Fargo & Company cut their price objective on Honeywell International from $230.00 to $220.00 and set an “equal weight” rating on the stock in a report on Monday, October 6th. Royal Bank Of Canada cut their price target on shares of Honeywell International from $254.00 to $253.00 and set a “sector perform” rating on the stock in a report on Friday, July 25th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Honeywell International in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Honeywell International from $268.00 to $271.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Finally, Jefferies Financial Group decreased their target price on Honeywell International from $240.00 to $230.00 and set a “hold” rating for the company in a research report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $251.80.

Get Our Latest Report on Honeywell International

Honeywell International Stock Up 1.0%

Honeywell International stock opened at $202.91 on Tuesday. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. The firm has a market cap of $128.83 billion, a PE ratio of 23.08, a P/E/G ratio of 2.25 and a beta of 1.06. The firm’s 50 day moving average price is $213.75 and its two-hundred day moving average price is $217.20.

Honeywell International (NASDAQ:HONGet Free Report) 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 14.30% and a return on equity of 37.37%. 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, research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The company 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. This represents a $4.76 dividend on an annualized basis and a yield of 2.3%. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. Honeywell International’s dividend payout ratio is presently 51.42%.

Honeywell International Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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