Jacobsen Capital Management Buys 123 Shares of Honeywell International Inc. $HON

Jacobsen Capital Management lifted its stake in Honeywell International Inc. (NASDAQ:HON) by 11.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,153 shares of the conglomerate’s stock after buying an additional 123 shares during the quarter. Jacobsen Capital Management’s holdings in Honeywell International were worth $269,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in HON. Brighton Jones LLC boosted its position 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 worth $4,302,000 after purchasing an additional 1,582 shares during the period. Flagship Harbor Advisors LLC boosted its holdings in Honeywell International by 8.3% in the 1st quarter. Flagship Harbor Advisors LLC now owns 9,535 shares of the conglomerate’s stock worth $2,019,000 after buying an additional 733 shares during the period. Continuum Advisory LLC increased its stake in Honeywell International by 22.3% in the 1st quarter. Continuum Advisory LLC now owns 636 shares of the conglomerate’s stock worth $135,000 after buying an additional 116 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Honeywell International by 25.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 34,880 shares of the conglomerate’s stock valued at $7,386,000 after acquiring an additional 7,138 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in shares of Honeywell International by 6.5% in the first quarter. Asset Management One Co. Ltd. now owns 361,353 shares of the conglomerate’s stock valued at $76,516,000 after acquiring an additional 22,094 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Insider Transactions at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer owned 10,334 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available at this hyperlink. 0.41% of the stock is currently owned by insiders.

Honeywell International Price Performance

NASDAQ:HON opened at $209.08 on Wednesday. The firm has a market capitalization of $132.74 billion, a price-to-earnings ratio of 23.79, a PEG ratio of 2.56 and a beta of 1.06. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The business has a 50 day simple moving average of $212.27 and a 200-day simple moving average of $217.03. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97.

Honeywell International (NASDAQ:HON) last released its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share 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. Equities analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be issued a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s payout ratio is currently 51.42%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HON. Deutsche Bank Aktiengesellschaft increased their target price on Honeywell International from $268.00 to $271.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Honeywell International in a report on Wednesday, October 8th. Wells Fargo & Company cut their target price on shares of Honeywell International from $230.00 to $220.00 and set an “equal weight” rating for the company in a research note on Monday, October 6th. Barclays increased their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. Finally, Morgan Stanley boosted their target price on Honeywell International from $225.00 to $245.00 and gave the stock 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 given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.