Swan Global Investments LLC Makes New $222,000 Investment in Honeywell International Inc. $HON

Swan Global Investments LLC bought a new position in Honeywell International Inc. (NASDAQ:HON) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 954 shares of the conglomerate’s stock, valued at approximately $222,000.

Several other large investors have also added to or reduced their stakes in the stock. BankPlus Wealth Management LLC raised its holdings in shares of Honeywell International by 2.2% in the 2nd quarter. BankPlus Wealth Management LLC now owns 1,986 shares of the conglomerate’s stock valued at $463,000 after acquiring an additional 43 shares in the last quarter. Maia Wealth LLC raised its holdings in shares of Honeywell International by 4.1% during the 1st quarter. Maia Wealth LLC now owns 1,189 shares of the conglomerate’s stock valued at $238,000 after buying an additional 47 shares in the last quarter. Bar Harbor Wealth Management raised its holdings in shares of Honeywell International by 0.3% during the 2nd quarter. Bar Harbor Wealth Management now owns 15,192 shares of the conglomerate’s stock valued at $3,538,000 after buying an additional 47 shares in the last quarter. Capital Advisors Ltd. LLC grew its position in Honeywell International by 1.8% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 2,696 shares of the conglomerate’s stock worth $628,000 after acquiring an additional 47 shares during the last quarter. Finally, Kirtland Hills Capital Management LLC grew its position in Honeywell International by 1.1% during the 1st quarter. Kirtland Hills Capital Management LLC now owns 4,424 shares of the conglomerate’s stock worth $870,000 after acquiring an additional 48 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

HON has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their price target on Honeywell International from $222.00 to $212.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 15th. Wells Fargo & Company lowered their price target on shares of 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. Deutsche Bank Aktiengesellschaft upped their price target on Honeywell International from $268.00 to $271.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Royal Bank Of Canada cut their price target on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating on the stock in a research note on Friday, July 25th. Finally, Morgan Stanley upped their price objective on Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a research report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International presently has a consensus rating of “Moderate Buy” and a consensus price target of $251.67.

Insider Buying and Selling

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the firm’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 completion of the transaction, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. This trade represents a 80.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.41% of the company’s stock.

Honeywell International Stock Down 0.1%

NASDAQ HON opened at $202.96 on Monday. The stock’s 50-day moving average price is $212.63 and its 200-day moving average price is $216.98. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The company has a market capitalization of $128.86 billion, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 2.52 and a beta of 1.06.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The firm had revenue of $8.95 billion for the quarter. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. 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, equities research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders 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 dividend yield of 2.3%. This is a positive change 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 currently 51.42%.

Honeywell International 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.