Beacon Financial Advisory LLC lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON – Free Report) by 8.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,168 shares of the conglomerate’s stock after acquiring an additional 92 shares during the period. Beacon Financial Advisory LLC’s holdings in Honeywell International were worth $272,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in HON. Pandora Wealth Inc. bought a new position in shares of Honeywell International in the first quarter valued at approximately $33,000. 1248 Management LLC purchased a new position in Honeywell International during the 1st quarter worth $38,000. Dogwood Wealth Management LLC grew its stake in shares of Honeywell International by 143.9% in the 2nd quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate’s stock worth $39,000 after acquiring an additional 95 shares in the last quarter. Stone House Investment Management LLC purchased a new stake in shares of Honeywell International in the first quarter valued at about $41,000. Finally, Quarry LP bought a new position in shares of Honeywell International during the first quarter valued at about $41,000. Institutional investors own 75.91% of the company’s stock.
Honeywell International Price Performance
Shares of NASDAQ:HON opened at $209.00 on Tuesday. The firm has a market capitalization of $132.69 billion, a PE ratio of 23.78, a P/E/G ratio of 2.34 and a beta of 1.06. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. The company has a 50-day moving average price of $215.31 and a two-hundred day moving average price of $217.44. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77.
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 $1.19 dividend. The ex-dividend date of this dividend is Friday, November 14th. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.3%. Honeywell International’s dividend payout ratio is 51.42%.
Wall Street Analysts Forecast Growth
HON has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Honeywell International in a research report on Saturday, September 27th. Deutsche Bank Aktiengesellschaft lifted their target price on Honeywell International from $268.00 to $271.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Barclays raised their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Royal Bank Of Canada lowered their price objective on shares of Honeywell International from $254.00 to $253.00 and set a “sector perform” rating on the stock in a research report on Friday, July 25th. Finally, Wells Fargo & Company reduced 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 report on Monday. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $254.07.
Check Out Our Latest Report on Honeywell International
Insider Buying and Selling at Honeywell International
In related news, CEO Lucian Boldea sold 42,149 shares of the business’s stock in a transaction 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 sale, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.41% of the company’s stock.
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.
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