Perfromance Wealth Partners LLC Acquires 350 Shares of Honeywell International Inc. $HON

Perfromance Wealth Partners LLC lifted its holdings in Honeywell International Inc. (NASDAQ:HON) by 15.9% in the 2nd quarter, Holdings Channel reports. The firm owned 2,550 shares of the conglomerate’s stock after buying an additional 350 shares during the quarter. Perfromance Wealth Partners LLC’s holdings in Honeywell International were worth $594,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Axxcess Wealth Management LLC raised its holdings in Honeywell International by 11.7% during the second quarter. Axxcess Wealth Management LLC now owns 28,709 shares of the conglomerate’s stock valued at $6,686,000 after buying an additional 2,996 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Honeywell International by 2.1% during the 2nd quarter. Revolve Wealth Partners LLC now owns 2,437 shares of the conglomerate’s stock worth $568,000 after acquiring an additional 51 shares in the last quarter. Cornerstone Wealth Group LLC increased its holdings in shares of Honeywell International by 2.4% during the 2nd quarter. Cornerstone Wealth Group LLC now owns 26,698 shares of the conglomerate’s stock valued at $6,217,000 after acquiring an additional 618 shares during the last quarter. Community Bank N.A. raised its stake in shares of Honeywell International by 3.6% in the 2nd quarter. Community Bank N.A. now owns 14,015 shares of the conglomerate’s stock valued at $3,264,000 after acquiring an additional 481 shares in the last quarter. Finally, NorthRock Partners LLC lifted its holdings in Honeywell International by 7.3% in the 2nd quarter. NorthRock Partners LLC now owns 9,785 shares of the conglomerate’s stock worth $2,278,000 after purchasing an additional 665 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HON has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Honeywell International from $230.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Monday, October 6th. TD Cowen dropped their target price on shares of Honeywell International from $260.00 to $250.00 in a report on Tuesday, October 7th. Barclays upped their price target on shares of Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. Morgan Stanley boosted their price objective on Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Finally, Jefferies Financial Group decreased 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. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $251.80.

Insider Activity at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 10,334 shares of the company’s stock, valued at $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.41% of the company’s stock.

Honeywell International Stock Up 1.0%

Shares of HON opened at $202.91 on Tuesday. The company has a 50-day simple moving average of $213.75 and a 200-day simple moving average of $217.20. The firm has a market capitalization of $128.83 billion, a P/E ratio of 23.08, 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 quick ratio of 0.97 and a current ratio of 1.29. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77.

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

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be given 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 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, November 14th. Honeywell International’s dividend payout ratio (DPR) is presently 51.42%.

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.