Harbour Investments Inc. Raises Stock Holdings in Honeywell International Inc. $HON

Harbour Investments Inc. grew its stake in Honeywell International Inc. (NASDAQ:HON) by 0.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,087 shares of the conglomerate’s stock after buying an additional 59 shares during the quarter. Harbour Investments Inc.’s holdings in Honeywell International were worth $2,582,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of HON. Chung Wu Investment Group LLC purchased a new stake in Honeywell International in the second quarter worth about $26,000. Pandora Wealth Inc. purchased a new stake in Honeywell International in the first quarter worth about $33,000. RMG Wealth Management LLC purchased a new stake in Honeywell International in the second quarter worth about $33,000. 1248 Management LLC bought a new position in shares of Honeywell International in the first quarter worth about $38,000. Finally, Dogwood Wealth Management LLC boosted its stake in shares of Honeywell International by 143.9% in the second quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate’s stock worth $39,000 after acquiring an additional 95 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insider Transactions at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 10,334 shares in the company, valued at $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.20% of the stock is currently owned by company insiders.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $203.17 on Friday. The stock has a 50 day moving average of $212.90 and a 200 day moving average of $216.98. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The firm has a market cap of $128.99 billion, a PE ratio of 23.11, a PEG ratio of 2.28 and a beta of 1.06. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results 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 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 expect 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. Shareholders of record on Friday, November 14th will be given a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a yield of 2.3%. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. Honeywell International’s dividend payout ratio (DPR) is currently 51.42%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HON. TD Cowen dropped their price objective on Honeywell International from $260.00 to $250.00 in a research note on Tuesday, October 7th. Morgan Stanley upped their price objective 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. Jefferies Financial Group dropped their price objective on Honeywell International from $240.00 to $230.00 and set a “hold” rating for the company in a research note on Tuesday, October 7th. Royal Bank Of Canada dropped their price objective on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating for the company in a research note on Friday, July 25th. Finally, Barclays upped their price objective on Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $251.67.

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.