Honeywell International Inc. $HON Shares Bought by PDS Planning Inc

PDS Planning Inc raised its holdings in Honeywell International Inc. (NASDAQ:HON) by 11.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,850 shares of the conglomerate’s stock after acquiring an additional 287 shares during the quarter. PDS Planning Inc’s holdings in Honeywell International were worth $664,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of HON. Chung Wu Investment Group LLC purchased a new stake in Honeywell International during the second quarter valued at about $26,000. Pandora Wealth Inc. purchased a new stake in Honeywell International during the first quarter valued at about $33,000. RMG Wealth Management LLC purchased a new stake in Honeywell International during the second quarter valued at about $33,000. 1248 Management LLC purchased a new stake in Honeywell International during the first quarter valued at about $38,000. Finally, Dogwood Wealth Management LLC lifted its stake in Honeywell International by 143.9% during the second quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate’s stock valued at $39,000 after buying an additional 95 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total value of $9,339,375.42. Following the transaction, the chief executive officer 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HON. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Honeywell International in a research note on Wednesday. TD Cowen reduced their price objective on shares of Honeywell International from $260.00 to $250.00 in a research note on Tuesday, October 7th. Morgan Stanley upped their price objective on shares of Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a research note on Monday, July 28th. Jefferies Financial Group dropped their target price on Honeywell International from $240.00 to $230.00 and set a “hold” rating on the stock in a report on Tuesday, October 7th. Finally, Royal Bank Of Canada dropped their target price on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating on the stock in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Honeywell International currently has a consensus rating of “Moderate Buy” and an average price target of $251.80.

Honeywell International Price Performance

Shares of HON opened at $200.91 on Friday. The business’s 50-day moving average is $214.11 and its 200-day moving average is $217.23. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The company has a market capitalization of $127.56 billion, a price-to-earnings ratio of 22.86, a P/E/G ratio of 2.25 and a beta of 1.06. 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 quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.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. Equities research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be issued a $1.19 dividend. 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 yield of 2.4%. The ex-dividend date is Friday, November 14th. Honeywell International’s dividend payout ratio is currently 54.15%.

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.