Perennial Investment Advisors LLC Increases Position in Honeywell International Inc. $HON

Perennial Investment Advisors LLC increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 22.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,099 shares of the conglomerate’s stock after buying an additional 384 shares during the period. Perennial Investment Advisors LLC’s holdings in Honeywell International were worth $489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in HON. Pin Oak Investment Advisors Inc. increased its stake in Honeywell International by 6.9% during the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 1,070 shares of the conglomerate’s stock worth $249,000 after buying an additional 69 shares in the last quarter. Portside Wealth Group LLC raised its stake in Honeywell International by 32.2% in the 2nd quarter. Portside Wealth Group LLC now owns 2,006 shares of the conglomerate’s stock valued at $467,000 after purchasing an additional 489 shares during the last quarter. United Advisor Group LLC lifted its holdings in Honeywell International by 3.6% in the 2nd quarter. United Advisor Group LLC now owns 1,631 shares of the conglomerate’s stock valued at $380,000 after purchasing an additional 56 shares in the last quarter. Empowered Funds LLC boosted its stake in Honeywell International by 57.6% during the 2nd quarter. Empowered Funds LLC now owns 71,795 shares of the conglomerate’s stock worth $16,720,000 after purchasing an additional 26,237 shares during the last quarter. Finally, Greykasell Wealth Strategies Inc. raised its position in shares of Honeywell International by 4.2% in the second quarter. Greykasell Wealth Strategies Inc. now owns 1,941 shares of the conglomerate’s stock valued at $452,000 after buying an additional 78 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Honeywell International 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 transaction of $9,339,375.42. Following the transaction, the chief executive officer directly owned 10,334 shares in the company, 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 filing with the SEC, which can be accessed through this link. 0.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on HON. JPMorgan Chase & Co. boosted their price target on shares of Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Jefferies Financial Group cut their price objective on Honeywell International from $230.00 to $220.00 in a research report on Monday, November 3rd. Royal Bank Of Canada raised shares of Honeywell International from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $235.00 to $253.00 in a research note on Monday, October 27th. Morgan Stanley decreased their price target on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 28th. Finally, Bank of America restated an “underperform” rating and set a $205.00 target price (down previously from $265.00) on shares of Honeywell International in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $239.38.

Honeywell International Stock Down 2.4%

Honeywell International stock opened at $191.45 on Wednesday. Honeywell International Inc. has a twelve month low of $169.21 and a twelve month high of $228.04. The stock has a 50 day moving average of $206.13 and a two-hundred day moving average of $217.89. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70. The stock has a market capitalization of $121.55 billion, a price-to-earnings ratio of 20.17, a PEG ratio of 2.73 and a beta of 1.07.

Honeywell International (NASDAQ:HON) last released its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The business 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. As a group, research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be issued a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a yield of 2.5%. This is an increase 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 50.16%.

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.