Delaney Dennis R Buys 300 Shares of Honeywell International Inc. $HON

Delaney Dennis R boosted its stake in Honeywell International Inc. (NASDAQ:HON) by 27.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,400 shares of the conglomerate’s stock after acquiring an additional 300 shares during the quarter. Delaney Dennis R’s holdings in Honeywell International were worth $326,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Red Door Wealth Management LLC increased its stake in Honeywell International by 2.6% in the 1st quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate’s stock valued at $6,160,000 after buying an additional 736 shares during the last quarter. Amundi increased its stake in Honeywell International by 30.2% in the 1st quarter. Amundi now owns 519,882 shares of the conglomerate’s stock valued at $107,450,000 after buying an additional 120,706 shares during the last quarter. Spinnaker Trust increased its stake in Honeywell International by 2.4% in the 1st quarter. Spinnaker Trust now owns 11,598 shares of the conglomerate’s stock valued at $2,456,000 after buying an additional 276 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in Honeywell International by 11.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 28,502 shares of the conglomerate’s stock valued at $6,035,000 after buying an additional 2,915 shares during the last quarter. Finally, Baxter Bros Inc. increased its stake in shares of Honeywell International by 14.6% during the 2nd quarter. Baxter Bros Inc. now owns 35,733 shares of the conglomerate’s stock worth $8,321,000 after purchasing an additional 4,543 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Down 1.6%

Shares of HON opened at $200.91 on Monday. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The firm has a market cap of $127.56 billion, a P/E ratio of 22.86, a price-to-earnings-growth ratio of 2.25 and a beta of 1.06. The firm’s 50-day simple moving average is $214.11 and its 200 day simple moving average is $217.25. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. 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. On average, analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be paid a $1.19 dividend. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. This represents a $4.76 dividend on an annualized basis and a yield of 2.4%. Honeywell International’s dividend payout ratio (DPR) is currently 51.42%.

Analyst Ratings Changes

Several research firms have recently weighed in on HON. Barclays boosted their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Jefferies Financial Group lowered their price objective on shares of Honeywell International from $240.00 to $230.00 and set a “hold” rating on the stock in a research note on Tuesday, October 7th. 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 note on Friday, July 25th. Morgan Stanley boosted their price objective 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, Wells Fargo & Company lowered their price objective on shares of Honeywell International from $230.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $251.80.

Insider Transactions at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the business’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 $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 is available at the SEC website. 0.41% of the stock is owned by corporate insiders.

About Honeywell International

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.