Winnow Wealth LLC Makes New Investment in Honeywell International Inc. $HON

Winnow Wealth LLC bought a new position in shares of Honeywell International Inc. (NASDAQ:HON) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 488 shares of the conglomerate’s stock, valued at approximately $114,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Chung Wu Investment Group LLC bought a new stake in shares of Honeywell International in the 2nd quarter valued at about $26,000. Pandora Wealth Inc. acquired a new stake in shares of Honeywell International in the first quarter valued at approximately $33,000. RMG Wealth Management LLC acquired a new position in shares of Honeywell International during the 2nd quarter worth approximately $33,000. Activest Wealth Management raised its stake in Honeywell International by 425.9% in the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock valued at $33,000 after acquiring an additional 115 shares during the period. Finally, 1248 Management LLC bought a new position in Honeywell International during the first quarter worth $38,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on HON shares. Royal Bank Of Canada raised shares of Honeywell International from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $235.00 to $253.00 in a report on Monday, October 27th. Robert W. Baird cut their price objective on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Argus lowered their target price on shares of Honeywell International from $250.00 to $225.00 in a report on Friday, November 14th. Rothschild & Co Redburn reduced their price target on Honeywell International from $240.00 to $222.00 and set a “neutral” rating on the stock in a research report on Monday, October 27th. Finally, Barclays lifted their price objective on Honeywell International from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $239.38.

Insider Activity at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.

Honeywell International Stock Up 0.9%

NASDAQ HON opened at $192.32 on Thursday. The business has a fifty day moving average price of $205.71 and a two-hundred day moving average price of $217.69. The stock has a market capitalization of $122.10 billion, a PE ratio of 20.30, a PEG ratio of 2.73 and a beta of 1.07. Honeywell International Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $228.04. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04.

Honeywell International (NASDAQ:HON) last posted 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 38.11% and a net margin of 15.07%.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. Equities analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders 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 dividend 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 (DPR) is currently 50.16%.

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.