Harbour Investments Inc. Raises Position in Honeywell International Inc. $HON

Harbour Investments Inc. lifted its holdings in Honeywell International Inc. (NASDAQ:HON) by 0.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 11,087 shares of the conglomerate’s stock after purchasing an additional 59 shares during the period. Harbour Investments Inc.’s holdings in Honeywell International were worth $2,582,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Cypress Wealth Services LLC raised its holdings in shares of Honeywell International by 3.8% in the second quarter. Cypress Wealth Services LLC now owns 2,043 shares of the conglomerate’s stock worth $476,000 after buying an additional 75 shares during the period. Sagespring Wealth Partners LLC raised its holdings in shares of Honeywell International by 4.5% in the second quarter. Sagespring Wealth Partners LLC now owns 18,989 shares of the conglomerate’s stock worth $4,422,000 after buying an additional 814 shares during the period. Frazier Financial Advisors LLC raised its holdings in shares of Honeywell International by 48.2% in the second quarter. Frazier Financial Advisors LLC now owns 203 shares of the conglomerate’s stock worth $47,000 after buying an additional 66 shares during the period. IFC Advisors LLC raised its holdings in shares of Honeywell International by 2.4% in the second quarter. IFC Advisors LLC now owns 7,579 shares of the conglomerate’s stock worth $1,765,000 after buying an additional 181 shares during the period. Finally, Founders Grove Wealth Partners LLC raised its holdings in shares of Honeywell International by 5.3% in the second quarter. Founders Grove Wealth Partners LLC now owns 1,183 shares of the conglomerate’s stock worth $275,000 after buying an additional 60 shares during the period. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Up 0.3%

Shares of NASDAQ HON opened at $203.17 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $128.99 billion, a PE ratio of 23.11, a price-to-earnings-growth ratio of 2.28 and a beta of 1.06. The stock’s fifty day simple moving average is $212.90 and its two-hundred day simple moving average is $216.98. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77.

Honeywell International (NASDAQ:HON) last announced its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. The business 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. As a group, analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders 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. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.76 annualized dividend and a yield of 2.3%. Honeywell International’s payout ratio is 51.42%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on HON shares. Wells Fargo & Company reduced their price target on Honeywell International from $230.00 to $220.00 and set an “equal weight” rating on the stock in a report on Monday, October 6th. Robert W. Baird reduced their price objective on Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a report on Monday. Royal Bank Of Canada reduced their price objective 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. Weiss Ratings restated a “buy (b-)” rating on shares of Honeywell International in a report on Wednesday, October 8th. Finally, Barclays raised their price objective on Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. One 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $251.67.

Insider Transactions at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the 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 owned 10,334 shares of the company’s stock, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.20% of the company’s stock.

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.