IFC Advisors LLC Buys 181 Shares of Honeywell International Inc. $HON

IFC Advisors LLC increased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 2.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 7,579 shares of the conglomerate’s stock after acquiring an additional 181 shares during the period. IFC Advisors LLC’s holdings in Honeywell International were worth $1,765,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of HON. Chung Wu Investment Group LLC acquired a new stake in Honeywell International during the 2nd quarter valued at $26,000. RMG Wealth Management LLC acquired a new stake in Honeywell International during the 2nd quarter valued at $33,000. Pandora Wealth Inc. acquired a new stake in Honeywell International during the 1st quarter valued at $33,000. Dogwood Wealth Management LLC increased its holdings in Honeywell International by 143.9% during the 2nd quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate’s stock valued at $39,000 after purchasing an additional 95 shares in the last quarter. Finally, 1248 Management LLC acquired a new stake in Honeywell International during the 1st quarter valued at $38,000. Institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on HON shares. Barclays raised their price target on Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Honeywell International in a report on Wednesday, October 8th. Jefferies Financial Group lowered their target price on Honeywell International from $240.00 to $230.00 and set a “hold” rating for the company in a research note on Tuesday, October 7th. Morgan Stanley lifted their target price on Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a research note on Monday, July 28th. Finally, TD Cowen lowered their target price on Honeywell International from $260.00 to $250.00 in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Honeywell International currently has a consensus rating of “Moderate Buy” and an average price target of $251.80.

Insiders Place Their Bets

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction dated 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Stock Up 1.0%

Shares of Honeywell International stock opened at $202.91 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The business has a fifty day simple moving average of $213.75 and a 200 day simple moving average of $217.20. The stock has a market cap of $128.83 billion, a PE ratio of 23.08, a price-to-earnings-growth ratio of 2.25 and a beta of 1.06.

Honeywell International (NASDAQ:HON) last posted its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. The firm had revenue of $8.95 billion for the quarter. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. Research analysts predict that Honeywell International Inc. will post 10.34 EPS 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 dividend of $1.19 per share. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, November 14th. Honeywell International’s dividend payout ratio is presently 51.42%.

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.