BIP Wealth LLC Invests $247,000 in Honeywell International Inc. $HON

BIP Wealth LLC bought a new stake in Honeywell International Inc. (NASDAQ:HON) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,062 shares of the conglomerate’s stock, valued at approximately $247,000.

Other large investors have also made changes to their positions in the company. AG2R LA Mondiale Gestion D Actifs increased its stake in shares of Honeywell International by 0.8% in the second quarter. AG2R LA Mondiale Gestion D Actifs now owns 24,318 shares of the conglomerate’s stock worth $5,663,000 after acquiring an additional 186 shares during the period. City State Bank boosted its holdings in Honeywell International by 2.4% in the second quarter. City State Bank now owns 3,391 shares of the conglomerate’s stock valued at $790,000 after purchasing an additional 79 shares during the last quarter. Focus Partners Advisor Solutions LLC grew its position in Honeywell International by 51.6% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 8,593 shares of the conglomerate’s stock worth $2,000,000 after purchasing an additional 2,925 shares during the period. Fielder Capital Group LLC raised its stake in shares of Honeywell International by 2.1% during the 2nd quarter. Fielder Capital Group LLC now owns 2,373 shares of the conglomerate’s stock valued at $553,000 after buying an additional 48 shares during the last quarter. Finally, Leelyn Smith LLC boosted its stake in shares of Honeywell International by 1.5% in the second quarter. Leelyn Smith LLC now owns 21,922 shares of the conglomerate’s stock worth $5,105,000 after buying an additional 329 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the company’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 approximately $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 can be accessed through this link. Insiders own 0.20% of the company’s stock.

Honeywell International Trading Down 2.1%

Shares of HON opened at $216.14 on Friday. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The stock has a market cap of $137.23 billion, a PE ratio of 22.78, a price-to-earnings-growth ratio of 2.64 and a beta of 1.06. The firm’s fifty day moving average is $212.04 and its two-hundred day moving average is $217.66. The company has a quick ratio of 0.97, a current ratio of 1.36 and a debt-to-equity ratio of 1.70.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The firm 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. Research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The business also recently declared 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 is Friday, November 14th. This represents a $4.76 annualized dividend and a dividend yield of 2.2%. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s payout ratio is presently 51.42%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their price target on Honeywell International from $271.00 to $265.00 and set a “buy” rating for the company in a report on Friday. Royal Bank Of Canada lowered their price target on shares of Honeywell International from $253.00 to $235.00 and set a “sector perform” rating on the stock in a report on Friday. TD Cowen cut their price objective on shares of Honeywell International from $260.00 to $250.00 in a report on Tuesday, October 7th. Morgan Stanley increased their target price on shares of Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Monday, July 28th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Honeywell International in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Honeywell International currently has a consensus rating of “Moderate Buy” and a consensus target price of $251.60.

Honeywell International Company 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.